Reasons why Newell Brands Inc’s (NASDAQ:NWL) fundamentals are futile

In yesterday’s Wall Street session, Newell Brands Inc (NASDAQ:NWL) shares traded at $7.66, up 4.08% from the previous session.

13 analysts cover Newell Brands Inc (NASDAQ:NWL), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $5.00, we find $7.50. Given the previous closing price of $7.36, this indicates a potential upside of 1.9 percent. NWL stock price is now -3.17% away from the 50-day moving average and -25.60% away from the 200-day moving average. The market capitalization of the company currently stands at $3.17B.

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The stock has received a hold rating from 9 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $8.13 as their price target over the next twelve months.

With the price target reduced from $20 to $8, Truist Downgraded its rating from Buy to Hold for Newell Brands Inc (NASDAQ: NWL).

In other news, Turner Bradford R, Chief Legal & Admin. Officer sold 20,000 shares of the company’s stock on Oct 30. The stock was sold for $137,600 at an average price of $6.88. Upon completion of the transaction, the Chief Legal & Admin. Officer now directly owns 152,363 shares in the company, valued at $1.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 04, Chief Financial Officer Erceg Mark J bought 90,585 shares of the business’s stock. A total of $904,038 was incurred on buying the stock at an average price of $9.98. This leaves the insider owning 243,725 shares of the company worth $1.87 million. Insiders disposed of 700,484 shares of company stock worth roughly $5.37 million over the past 1 year. A total of 0.28% of the company’s stock is owned by insiders.

On Wednesday morning Newell Brands Inc (NASDAQ: NWL) stock kicked off with the opening price of $7.44. During the past 12 months, Newell Brands Inc has had a low of $6.49 and a high of $16.75. As of last week, the company has a debt-to-equity ratio of 1.82, a current ratio of 1.24, and a quick ratio of 0.65. The fifty day moving average price for NWL is $7.86 and a two-hundred day moving average price translates $10.25 for the stock.

The latest earnings results from Newell Brands Inc (NASDAQ: NWL) was released for Sep, 2023. According to the Household & Personal Products Company, earnings per share came in at $0.39, beating analysts’ expectations of $0.23 by 0.16. This compares to $0.05 EPS in the same period last year. The net profit margin was -6.61% and return on equity was -15.97% for NWL. The company reported revenue of $2.05 billion for the quarter, compared to $2.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.06 percent. For the current quarter, analysts expect NWL to generate $1.99B in revenue.

Newell Brands Inc(NWL) Company Profile

Newell Brands Inc. engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and connected home and security products under the Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands. The Home Appliances segment offers kitchen appliances under the Calphalon, Crockpot, Mr. Coffee, Oster, and Sunbeam brands. The Home Solutions segment provides food and home storage; fresh preserving; vacuum sealing; and gourmet cookware, bakeware, cutlery, and home fragrance products under the Ball, Calphalon, Chesapeake Bay Candle, FoodSaver, Rubbermaid, Sistema, WoodWick, and Yankee Candle brands. The Learning and Development segment offers writing instruments, including markers and highlighters, pens, and pencils; art products; activity-based adhesive and cutting products; labeling solutions; and baby gear and infant care products under the Aprica, Baby Jogger, Dymo, Elmer’s, EXPO, Graco, Mr. Sketch, NUK, Paper Mate, Parker, Prismacolor, Sharpie, Tigex, Waterman, and X-Acto brands. The Outdoor and Recreation segment provides outdoor and outdoor-related products under the Campingaz, Coleman, Contigo, ExOfficio, and Marmot brands. It serves warehouse clubs, department and drug/grocery stores, mass merchants, home centers, commercial products distributors, specialty retailers, office superstores and supply stores, contract stationers, e-commerce retailers, sporting goods, and travel retailers, as well as direct to consumers online, select contract customers, and other professional customers. Newell Brands Inc. was founded in 1903 and is based in Atlanta, Georgia.

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