Newell Brands Inc [NASDAQ: NWL] gained 0.23% on the last trading session, reaching $8.84 price per share at the time.
If compared to the average trading volume of 6.62M shares, NWL reached a trading volume of 5713068 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $9.55 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 2.86. 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.
Barclays have made an estimate for Newell Brands Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on Nov-21-24. While these analysts kept the previous recommendation, UBS raised their target price from $10 to $8.50. The new note on the price target was released on February 16, 2024, representing the official price target for Newell Brands Inc stock. On October 30, 2023, analysts decreased their price target for NWL shares from 20 to 8.
The Average True Range (ATR) for Newell Brands Inc is set at 0.37, with the Price to Sales ratio for NWL stock in the period of the last 12 months amounting to 0.48. The Price to Book ratio for the last quarter was 1.29, with the Price to Cash per share for the same quarter was set at 1.19. Price to Free Cash Flow for NWL in the course of the last twelve months was 10.24 with Quick ratio for the last quarter at 0.50.
Trading performance analysis for NWL stock
Newell Brands Inc [NWL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.64. With this latest performance, NWL shares gained by 17.40% in over the last four-week period, additionally plugging by 10.78% over the last 6 months – not to mention a rise of 17.71% 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 55.80, with the RSI for the last a single of trading hit 51.96, and the three-weeks RSI is set at 56.90 for Newell Brands Inc [NWL]. The present Moving Average for the last 50 days of trading for this stock 8.05, while it was recorded at 8.86 for the last single week of trading, and 7.54 for the last 200 days.
Newell Brands Inc [NWL]: A deeper dive into fundamental analysis
Newell Brands Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.99.
Newell Brands Inc [NWL]: An earnings per share (EPS) analysis
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 -1.75%.
An analysis of Institutional ownership at Newell Brands Inc [NWL]
There are presently around $94.04%, or 94.38%% of NWL stock, in the hands of institutional investors. The top three institutional holders of NWL stocks are: BLACKROCK INC. with ownership of 69.06 million shares, which is approximately 16.6525%. PZENA INVESTMENT MANAGEMENT LLC, holding 52.48 million shares of the stock with an approximate value of $$336.39 million in NWL stocks shares; and PZENA INVESTMENT MANAGEMENT LLC, currently with $$301.35 million in NWL stock with ownership which is approximately 11.3364%.
