Newell Brands (NWL) Receives a Hold from Oppenheimer

In a report released today, Rupesh Parikh from Oppenheimer assigned a Hold rating to Newell Brands (NWLResearch Report). The company’s shares closed last Friday at $13.01.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 14.2% and a 60.0% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and Church & Dwight.

Newell Brands has an analyst consensus of Moderate Buy, with a price target consensus of $17.00, which is a 28.8% upside from current levels. In a report issued on April 16, Barclays also maintained a Hold rating on the stock with a $17.00 price target.

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Newell Brands’ market cap is currently $6.22B and has a P/E ratio of 59.70. The company has a Price to Book ratio of -1.75.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NWL in relation to earlier this year.

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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.