Market Analysts see Newell Brands Inc. [NWL] falling to $26. Time to buy?



Newell Brands Inc. [NASDAQ: NWL] traded at a high on 05/03/22, posting a 4.37 gain after which it closed the day’ session at $23.41. The company report on April 29, 2022 that Newell Brands Announces First Quarter 2022 Results.

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Net Sales Growth 4.4%; Core Sales Growth 6.9%Delivers Net Sales, Operating Profit and EPS Ahead of OutlookDiluted EPS $0.55; Normalized Diluted EPS $0.36Reaffirms Outlook for Full Year 2022.

Newell Brands (NASDAQ: NWL) today announced its first quarter 2022 financial results.

The results of the trading session contributed to over 4828346 shares changing hands. Over the past one week, the price volatility of Newell Brands Inc. stands at 4.36% while the volatility over the past one month is 3.10%.

The market cap for NWL stock reached $9.68 billion, with 425.60 million shares outstanding and 413.43 million shares in the current float. Compared to the average trading volume of 3.37M shares, NWL reached a trading volume of 4828346 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $28.00 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 2.30. 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.

JP Morgan have made an estimate for Newell Brands Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on March 30, 2022. The new note on the price target was released on November 01, 2021, representing the official price target for Newell Brands Inc. stock. Previously, the target price had yet another raise from $23 to $26, while Wells Fargo kept a Equal Weight rating on NWL stock.

The Average True Range (ATR) for Newell Brands Inc. is set at 0.75, with the Price to Sales ratio for NWL stock in the period of the last 12 months amounting to 0.91. The Price to Book ratio for the last quarter was 2.44, with the Price to Cash per share for the same quarter was set at 1.06. Price to Free Cash Flow for NWL in the course of the last twelve months was 22.73 with Quick ratio for the last quarter at 0.70.

How has NWL stock performed recently?

Newell Brands Inc. [NWL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.45. With this latest performance, NWL shares gained by 9.39% in over the last four-week period, additionally sinking by -0.64% over the last 6 months – not to mention a drop of -16.57% 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 57.29, with the RSI for the last a single of trading hit 59.67, and the three-weeks RSI is set at 55.16 for Newell Brands Inc. [NWL]. The present Moving Average for the last 50 days of trading for this stock 22.60, while it was recorded at 22.92 for the last single week of trading, and 23.43 for the last 200 days.

Newell Brands Inc. [NWL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Newell Brands Inc. [NWL] shares currently have an operating margin of +10.10 and a Gross Margin at +31.49. Newell Brands Inc.’s Net Margin is presently recorded at +5.40.

Return on Equity for this stock inclined to 14.36, with Return on Assets sitting at 3.96.

Newell Brands Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.30.

Earnings analysis for Newell Brands Inc. [NWL]

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 4.46%.

Insider trade positions for Newell Brands Inc. [NWL]

There are presently around $8,512 million, or 91.60% of NWL stock, in the hands of institutional investors. The top three institutional holders of NWL stocks are: BLACKROCK INC. with ownership of 51,926,047, which is approximately 12.059% of the company’s market cap and around 0.10% of the total institutional ownership; ICAHN CARL C, holding 43,704,616 shares of the stock with an approximate value of $980.29 million in NWL stocks shares; and VANGUARD GROUP INC, currently with $964.52 million in NWL stock with ownership of nearly 0.267% of the company’s market capitalization.

Positions in Newell Brands Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 281 institutional holders increased their position in Newell Brands Inc. [NASDAQ:NWL] by around 29,745,631 shares. Additionally, 265 investors decreased positions by around 23,625,372 shares, while 83 investors held positions by with 326,116,118 shares. The mentioned changes placed institutional holdings at 379,487,121 shares, according to the latest SEC report filing. NWL stock had 80 new institutional investments in for a total of 2,538,947 shares, while 68 institutional investors sold positions of 5,013,417 shares during the same period.