Analysts’ Views On Newell Brands Inc. (NWL)

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Newell Brands Inc. (NASDAQ:NWL) finished Wednesday with a subtraction of -$0.4 to close at $15.21, a downside of -2.56 percent. An average of 4,609,340 shares of common stock have been traded in the last five days. There was a fall of -$1.78 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 3,650,240 shares traded, while the 50-day average volume stands at 2,933,382.

NWL stock has decreased by -25.80% in the last month. The company shares reached their 1-month lowest point of $15.19 on 09/21/22. With the stock rallying to its 52-week high on 02/16/22, shares of the company touched a low of $15.42 and a high of $26.45 in 52 weeks. It has reached a new high 9 times so far this year and lost -30.36% or -$6.63 in price. In spite of this, the price is down -42.50% from the 52-week high.


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Insider Transactions

8 days have passed since Newell Brands Inc. (NWL) last reported insider trading activity. ICAHN BRETT, who is Director, most recently acquired $10,000 shares at $17.10 per share on Sep 14. In this transaction, the insider spent $171,000. Director, ICAHN BRETT, disposed of 71,304 shares at a price of $16.89 on Sep 14. The insider now owns more than $1,204,325 worth of shares. Prior to that, Director ICAHN BRETT went on to Sale 150,000 shares at $17.51 each on Sep 13. An amount of $2,626,500 was transacted.

Valuation Metrics

Newell Brands Inc. (NWL) has a trailing price-to-earnings (P/E) ratio of 8.90. The stock’s beta is 0.78. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.61, the price-to-book (PB) ratio at 1.59.

The company has a payout ratio of 53.50%. The company’s most recent quarterly dividend payment was $0.23 a share, without any change from last year. Its latest increase dividend $0.04 reported on Monday May 8 2017.

Financial Health

The quick ratio of Newell Brands Inc. for the three months ended June 29 was 0.50, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.96 and a total debt to equity ratio of 1.33 for the quarter ending June 29. Its gross profit as reported stood at $3.3 billion compared to revenue of $10.59 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Newell Brands Inc.’s return on assets was 5.00%.

Earnings Surprise

For the three-month period that ended June 29, Newell Brands Inc. had $3.79 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $204.0 million in the quarter, while revenues were grew 3.43%. The analyst consensus anticipated Newell Brands Inc.’s latest quarter earnings to come in at $0.47 per share, but it turned out to be $0.57, a 21.30% surprise. For the quarter, EBITDA amounted to $388.0 million. Shareholders own equity worth $413.6 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Newell Brands Inc. (NWL) price momentum. RSI 9-day as of the close on 21 September was 19.46%, suggesting the stock is oversold, with historical volatility in this time frame at 43.50%.

As of today, NWL’s price is $16.07 -10.48% or -$1.78 from its 5-day moving average. NWL is currently trading -26.77% lower than its 20-day SMA and -33.96% lower than its 100-day SMA. However, the stock’s current price level is -20.32% below the SMA50 and -30.07% below the SMA200.

The stochastic %K and %D were 6.87% and 8.15%, respectively, and the average true range (ATR) was 0.71. With the 14-day stochastic at 0.60% and the average true range at 0.68, the RSI (14) stands at 24.19%. The stock has reached -1.00 on the 9-day MACD Oscillator while the 14-day reading was at -1.20.

Analyst Ratings

JP Morgan reiterated its an Overweight rating on Newell Brands Inc. (NASDAQ: NWL), but raised their price target to $29, indicating a potential price increase of 47.55% for the stock.

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