At the time of writing, Newell Brands Inc [NWL] stock is trading at $7.66, up 1.06%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NWL shares have gain 3.10% over the last week, with a monthly amount glided 11.82%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Newell Brands Inc [NASDAQ: NWL] stock has seen the most recent analyst activity on February 16, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $8.50 from $10. Previously, Raymond James downgraded its rating to Mkt Perform on February 12, 2024. On October 30, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $8 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $7 on October 30, 2023. Raymond James downgraded its rating to a Outperform and reduced its price target to $10 on October 23, 2023. Canaccord Genuity started tracking with a Buy rating for this stock on July 11, 2023, and assigned it a price target of $13. In a note dated February 17, 2023, Citigroup initiated an Neutral rating and provided a target price of $15 on this stock.
For the past year, the stock price of Newell Brands Inc fluctuated between $6.49 and $12.75. Currently, Wall Street analysts expect the stock to reach $21.78 within the next 12 months. Newell Brands Inc [NASDAQ: NWL] shares were valued at $7.66 at the most recent close of the market. An investor can expect a potential return of 184.33% based on the average NWL price forecast.
Analyzing the NWL fundamentals
According to Newell Brands Inc [NASDAQ:NWL], the company’s sales were 8.13B for trailing twelve months, which represents an -9.15% plunge. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.12 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.58.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.47 points at the first support level, and at 7.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.79, and for the 2nd resistance point, it is at 7.92.
Newell Brands Inc [NWL] reported earnings per share of $0.22 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of $0.05 and a surprise factor of 29.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.39 per share as compared to estimates of $0.23 per share, a difference of $0.16 representing a surprise of 69.60%.
Ratios To Look Out For
It is important to note that Newell Brands Inc [NASDAQ:NWL] has a current ratio of 1.16. In addition, the Quick Ratio stands at 0.63 and the Cash Ratio stands at 0.11. Considering the valuation of this stock, the price to sales ratio is 0.39, the price to book ratio is 1.02.
Transactions by insiders
Recent insider trading involved Turner Bradford R, Chief Legal & Admin. Officer, that happened on Feb 23 ’24 when 20000.0 shares were sold. Chief Legal & Admin. Officer, Turner Bradford R completed a deal on Oct 30 ’23 to sell 20000.0 shares. Meanwhile, Chief Financial Officer Erceg Mark J bought 90585.0 shares on May 04 ’23.
