Tuesday, September 29, 2020

Consumer Edge Research lifts Newell Brands Inc. [NWL] price estimate. Who else is bullish?

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Newell Brands Inc. [NASDAQ: NWL] gained 2.18% on the last trading session, reaching $17.83 price per share at the time. The company report on September 11, 2020 that Newell Brands Elects Jay Johnson to Board of Directors.

Newell Brands (NASDAQ: NWL) today announced that Jay L. Johnson, Executive Vice President, Chief Financial Officer and Treasurer of Lamar Advertising Company, has been elected to the company’s Board of Directors, effective September 8, 2020. He will serve as a member of the Audit Committee.

“We are delighted to welcome Jay to the Board. He has distinguished himself as a leader with in-depth financial expertise in consumer facing industries,” said Patrick Campbell, Chairman of the Board of Directors. “His experience and insights will be a valuable addition to our efforts to execute the company’s Turnaround Plan and reignite growth across our portfolio and will help to strengthen our focus on prioritizing, supporting and investing in the communities that we serve. We look forward to working with Jay to drive value creation for all our stakeholders.”.

Newell Brands Inc. represents 424.20 million in outstanding shares, while the company has a total market value of $7.46 billion with the latest information. NWL stock price has been found in the range of $17.45 to $17.87.

If compared to the average trading volume of 3.38M shares, NWL reached a trading volume of 3425516 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Newell Brands Inc. [NWL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NWL shares is $17.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NWL stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Consumer Edge Research have made an estimate for Newell Brands Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on November 11, 2019. While these analysts kept the previous recommendation, SunTrust raised their target price from $15 to $25. The new note on the price target was released on September 30, 2019, representing the official price target for Newell Brands Inc. stock.

The Average True Range (ATR) for Newell Brands Inc. is set at 0.48, with the Price to Sales ratio for NWL stock in the period of the last 12 months amounting to 0.79. The Price to Book ratio for the last quarter was 2.17, with the Price to Cash per share for the same quarter was set at 1.48. Price to Free Cash Flow for NWL in the course of the last twelve months was 13.58 with Quick ratio for the last quarter at 0.90.

Trading performance analysis for NWL stock

Newell Brands Inc. [NWL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.25. With this latest performance, NWL shares gained by 4.57% in over the last four-week period, additionally plugging by 45.20% over the last 6 months – not to mention a drop of -3.41% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NWL stock in for the last two-week period is set at 67.05, with the RSI for the last a single of trading hit 74.85, and the three-weeks RSI is set at 62.73 for Newell Brands Inc. [NWL]. The present Moving Average for the last 50 days of trading for this stock 16.57, while it was recorded at 17.06 for the last single week of trading, and 16.15 for the last 200 days.

Newell Brands Inc. [NWL]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Newell Brands Inc. [NWL] shares currently have an operating margin of +8.31 and a Gross Margin at +33.15. Newell Brands Inc.’s Net Margin is presently recorded at +1.92.

Return on Total Capital for NWL is now 6.82, given the latest momentum, and Return on Invested Capital for the company is 1.63. Return on Equity for this stock inclined to 3.65, with Return on Assets sitting at 1.12. When it comes to the capital structure of this company, Newell Brands Inc. [NWL] has a Total Debt to Total Equity ratio set at 128.90. Additionally, NWL Total Debt to Total Capital is recorded at 56.31, with Total Debt to Total Assets ending up at 40.90. Long-Term Debt to Equity for the company is recorded at 119.53, with the Long-Term Debt to Total Capital now at 52.22.

Reflecting on the efficiency of the workforce at the company, Newell Brands Inc. [NWL] managed to generate an average of $6,203 per employee. Receivables Turnover for the company is 5.26 with a Total Asset Turnover recorded at a value of 0.58.Newell Brands Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.50.

Newell Brands Inc. [NWL]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Newell Brands Inc. posted 0.73/share EPS, while the average EPS was predicted by analysts to be reported at 0.56/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 30.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NWL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Newell Brands Inc. go to -2.90%.

An analysis of insider ownership at Newell Brands Inc. [NWL]

There are presently around $6,716 million, or 90.70% of NWL stock, in the hands of institutional investors. The top three institutional holders of NWL stocks are: BLACKROCK INC. with ownership of 46,980,127, which is approximately -15.314% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 46,702,317 shares of the stock with an approximate value of $832.7 million in NWL stocks shares; and ICAHN CARL C, currently with $779.25 million in NWL stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Newell Brands Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 211 institutional holders increased their position in Newell Brands Inc. [NASDAQ:NWL] by around 22,757,337 shares. Additionally, 266 investors decreased positions by around 27,148,785 shares, while 80 investors held positions by with 326,762,141 shares. The mentioned changes placed institutional holdings at 376,668,263 shares, according to the latest SEC report filing. NWL stock had 50 new institutional investments in for a total of 7,757,708 shares, while 73 institutional investors sold positions of 3,624,778 shares during the same period.

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