RBC Capital analyst Nik Modi maintained a Hold rating on Newell Brands (NWL – Research Report) on January 16 and set a price target of $9.00. The company’s shares closed yesterday at $8.03.
Modi covers the Consumer Defensive sector, focusing on stocks such as Constellation Brands, The Hershey Company, and Duckhorn Portfolio. According to TipRanks, Modi has an average return of 6.6% and a 60.92% success rate on recommended stocks.
In addition to RBC Capital, Newell Brands also received a Hold from J.P. Morgan’s Andrea Faria Teixeira in a report issued yesterday. However, on January 12, Barclays maintained a Sell rating on Newell Brands (NASDAQ: NWL).
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Based on Newell Brands’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.05 billion and a GAAP net loss of $218 million. In comparison, last year the company earned a revenue of $2.25 billion and had a net profit of $19 million
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NWL in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Newell Brands (NWL) Company Description:
Newell Brands, Inc. engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Food and Appliances; Home and Outdoor Living; and Learning and Development. The Food and Appliances segment includes household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products and fresh preserving products. The Home and Outdoor Living segment consists of products for outdoor and outdoor-related activities, home fragrance products and connected home and security. The Learning and Development segment deals with writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products; labeling solutions; baby gear and infant care products. The company was founded in 1903 and is headquartered in Hoboken, NJ.
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