TipRanksStock Market NewsNWL NewsJefferies Keeps Their Buy Rating on Newell Brands (NWL)

Jefferies Keeps Their Buy Rating on Newell Brands (NWL)

Jefferies analyst Kevin Grundy maintained a Buy rating on Newell Brands (NWLResearch Report) yesterday and set a price target of $38.00. The company’s shares closed last Friday at $23.15.

According to TipRanks.com, Grundy is a 4-star analyst with an average return of 4.7% and a 64.0% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Constellation Brands, Duckhorn Portfolio, and Procter & Gamble.

Currently, the analyst consensus on Newell Brands is a Moderate Buy with an average price target of $28.33, which is a 22.4% upside from current levels. In a report issued on April 18, Raymond James also maintained a Buy rating on the stock with a $28.00 price target.

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Newell Brands’ market cap is currently $9.63B and has a P/E ratio of 13.80.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NWL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Newell Brands, Inc. engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Food and Appliances; Home and Outdoor Living; and Learning and Development. The Food and Appliances segment includes household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products and fresh preserving products. The Home and Outdoor Living segment consists of products for outdoor and outdoor-related activities, home fragrance products and connected home and security. The Learning and Development segment deals with writing instruments, including markers and highlighters, pens and pencils; art products; activity-based adhesive and cutting products; labeling solutions; baby gear and infant care products. The company was founded in 1903 and is headquartered in Hoboken, NJ.

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