Newell Brands (NASDAQ:NWL) had its price target boosted by research analysts at Morgan Stanley from $18.00 to $23.00 in a report released on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential downside of 5.62% from the stock’s current price.

NWL has been the subject of several other reports. Wells Fargo & Company started coverage on shares of Newell Brands in a report on Tuesday, December 8th. They issued an “underweight” rating and a $18.00 price objective for the company. Jefferies Financial Group upgraded shares of Newell Brands to a “buy” rating and set a $28.00 target price for the company in a report on Monday, January 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Newell Brands from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, September 17th. BidaskClub cut shares of Newell Brands from a “hold” rating to a “sell” rating in a report on Friday, December 18th. Finally, Bank of America upgraded shares of Newell Brands from a “neutral” rating to a “buy” rating and raised their target price for the stock from $24.00 to $27.00 in a report on Friday, January 8th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $18.80.

Newell Brands stock opened at $24.37 on Thursday. The firm has a 50 day simple moving average of $21.32 and a 200-day simple moving average of $19.76. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.51 and a quick ratio of 0.96. The stock has a market capitalization of $10.34 billion, a PE ratio of -93.73, a price-to-earnings-growth ratio of 4.25 and a beta of 1.06. Newell Brands has a 12-month low of $10.44 and a 12-month high of $24.45.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, October 30th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.40. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Newell Brands had a negative net margin of 1.11% and a positive return on equity of 17.83%. On average, analysts forecast that Newell Brands will post 1.69 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of NWL. IFM Investors Pty Ltd raised its position in Newell Brands by 28.5% in the fourth quarter. IFM Investors Pty Ltd now owns 43,971 shares of the company’s stock valued at $934,000 after purchasing an additional 9,764 shares during the last quarter. Sowell Financial Services LLC bought a new position in Newell Brands in the fourth quarter valued at about $54,000. TRUE Private Wealth Advisors raised its position in Newell Brands by 60.0% in the fourth quarter. TRUE Private Wealth Advisors now owns 4,000 shares of the company’s stock valued at $84,000 after purchasing an additional 1,500 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Newell Brands by 21.9% in the fourth quarter. Louisiana State Employees Retirement System now owns 23,400 shares of the company’s stock valued at $497,000 after purchasing an additional 4,200 shares during the last quarter. Finally, Burney Co. bought a new position in Newell Brands in the third quarter valued at about $390,000. Institutional investors and hedge funds own 83.96% of the company’s stock.

About Newell Brands

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company operates through four segments: Appliances and Cookware, Food and Commercial, Home and Outdoor Living, and Learning and Development. The Appliances and Cookware segment offers household products, including kitchen appliances, gourmet cookware, bakeware, and cutlery under the Calphalon, Crock-Pot, Mr.

See Also: Initial Coin Offering (ICO)

Analyst Recommendations for Newell Brands (NASDAQ:NWL)

Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.