Newell Brands’ (NWL) Underweight Rating Reiterated at Morgan Stanley

Newell Brands (NASDAQ:NWL)‘s stock had its “underweight” rating reiterated by equities research analysts at Morgan Stanley in a research note issued to investors on Wednesday, MarketBeat.com reports. They currently have a $3.50 price objective on the stock, down from their previous price objective of $4.00. Morgan Stanley’s target price points to a potential downside of 1.69% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. UBS Group boosted their target price on shares of Newell Brands from $3.75 to $4.25 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Canaccord Genuity Group increased their target price on Newell Brands from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft reduced their target price on Newell Brands from $5.00 to $3.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Barclays cut their target price on shares of Newell Brands from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Finally, Royal Bank Of Canada set a $4.00 target price on shares of Newell Brands in a report on Thursday, April 9th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Newell Brands has a consensus rating of “Hold” and an average target price of $4.94.

Newell Brands Stock Performance

Shares of NASDAQ:NWL opened at $3.56 on Wednesday. The company has a market cap of $1.51 billion, a P/E ratio of -5.31, a PEG ratio of 4.45 and a beta of 1.06. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.51 and a current ratio of 1.04. Newell Brands has a one year low of $3.07 and a one year high of $6.64. The business’s 50-day simple moving average is $3.92 and its 200 day simple moving average is $3.96.

Newell Brands (NASDAQ:NWL) last announced its earnings results on Friday, May 1st. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.04. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.51 billion. Newell Brands had a negative net margin of 3.91% and a positive return on equity of 8.89%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) earnings per share. Newell Brands has set its FY 2026 guidance at 0.560-0.600 EPS and its Q2 2026 guidance at 0.160-0.190 EPS. On average, sell-side analysts forecast that Newell Brands will post 0.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Newell Brands news, insider Melanie Arlene Huet sold 91,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $4.50, for a total value of $409,500.00. Following the completion of the transaction, the insider directly owned 867 shares in the company, valued at $3,901.50. This trade represents a 99.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.64% of the company’s stock.

Institutional Trading of Newell Brands

Institutional investors have recently bought and sold shares of the company. Quarry LP increased its holdings in Newell Brands by 139.3% in the fourth quarter. Quarry LP now owns 7,416 shares of the company’s stock worth $28,000 after buying an additional 4,317 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Newell Brands in the 4th quarter valued at $30,000. Vise Technologies Inc. acquired a new position in shares of Newell Brands during the 3rd quarter valued at about $54,000. HighPoint Advisor Group LLC acquired a new position in shares of Newell Brands during the 4th quarter valued at about $39,000. Finally, CreativeOne Wealth LLC acquired a new stake in shares of Newell Brands in the third quarter worth $54,000. Institutional investors and hedge funds own 92.50% of the company’s stock.

About Newell Brands

Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.

The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.