Price Action To Observe: Time to Buy Newell Brands Inc After Today’s Significant Increase?

Price Action To Observe: Time to Buy Newell Brands Inc After Today's Significant Increase?

The stock of Newell Brands Inc (NYSE:NWL) is a huge mover today! About 1.36 million shares traded hands. Newell Brands Inc (NYSE:NWL) has risen 26.32% since March 9, 2016 and is uptrending. It has outperformed by 18.91% the S&P500.
The move comes after 7 months positive chart setup for the $24.05 billion company. It was reported on Oct, 12 by Barchart.com. We have $68.15 PT which if reached, will make NYSE:NWL worth $8.18B more.

Analysts await Newell Brands Inc (NYSE:NWL) to report earnings on November, 4. They expect $0.73 EPS, up 17.74% or $0.11 from last year’s $0.62 per share. NWL’s profit will be $345.12 million for 17.41 P/E if the $0.73 EPS becomes a reality. After $0.78 actual EPS reported by Newell Brands Inc for the previous quarter, Wall Street now forecasts -6.41% negative EPS growth.

Newell Brands Inc (NYSE:NWL) Ratings Coverage

Out of 11 analysts covering Newell Rubbermaid Inc. (NYSE:NWL), 9 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 82% are positive. Newell Rubbermaid Inc. has been the topic of 18 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Newell Brands Inc (NYSE:NWL) has “Buy” rating given on Monday, September 28 by Jefferies. UBS initiated Newell Brands Inc (NYSE:NWL) rating on Wednesday, August 12. UBS has “Buy” rating and $50 price target. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, August 3 report. The firm has “Overweight” rating by Piper Jaffray given on Tuesday, December 15. As per Tuesday, July 21, the company rating was initiated by Sterne Agee CRT. The firm has “Overweight” rating given on Monday, April 25 by Barclays Capital. The rating was maintained by B. Riley & Co with “Buy” on Monday, May 2. The firm earned “Perform” rating on Friday, February 12 by Oppenheimer. The company was maintained on Tuesday, September 8 by RBC Capital Markets. The firm earned “Mkt Perform” rating on Tuesday, December 15 by Raymond James.

According to Zacks Investment Research, “Newell Brands is a leading global consumer goods company with a strong portfolio of well-known brands, like Paper Mate, Sharpie, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid, Contigo and many others. The company is based in Atlanta, Georgia and was formerly known as Newell Rubbermaid.”

Insitutional Activity: The institutional sentiment increased to 3.35 in 2016 Q2. Its up 2.26, from 1.09 in 2016Q1. The ratio improved, as 31 funds sold all Newell Brands Inc shares owned while 101 reduced positions. 165 funds bought stakes while 277 increased positions. They now own 872.10 million shares or 192.27% more from 298.39 million shares in 2016Q1.
Mizuho Trust And Banking Limited accumulated 706,085 shares or 0.11% of the stock. Loomis Sayles And Limited Partnership has 2.14 million shares for 0.28% of their US portfolio. Serv Automobile Association, a Texas-based fund reported 142,054 shares. Trillium Asset Ltd Com has invested 0.57% of its portfolio in Newell Brands Inc (NYSE:NWL). Bessemer Group Inc last reported 2.54 million shares in the company. Massmutual Tru Fsb Adv has invested 0% of its portfolio in Newell Brands Inc (NYSE:NWL). Rock Point Advisors Ltd Liability has invested 2.9% of its portfolio in Newell Brands Inc (NYSE:NWL). Clearbridge Invests Ltd Com accumulated 0% or 3,059 shares. Fishman Jay A Mi holds 0% of its portfolio in Newell Brands Inc (NYSE:NWL) for 6,050 shares. Cranbrook Wealth Management Limited Liability has 643 shares for 0.02% of their US portfolio. Boston Prns accumulated 0.42% or 5.95M shares. Auxier Asset Mngmt holds 0.07% of its portfolio in Newell Brands Inc (NYSE:NWL) for 5,850 shares. Bp Public Ltd Company accumulated 0.41% or 212,000 shares. Associate Ny owns 28,189 shares or 2.33% of their US portfolio. Invesco accumulated 0.1% or 5.85 million shares.

Insider Transactions: Since May 2, 2016, the stock had 3 insider buys, and 4 selling transactions for $3.71 million net activity. Burke William A III sold $1.64M worth of Newell Brands Inc (NYSE:NWL) on Monday, May 23. 10,407 shares were sold by Stipancich John K, worth $493,188 on Friday, May 20. The insider DE SOLE DOMENICO bought 4,180 shares worth $199,762. $254,815 worth of Newell Brands Inc (NYSE:NWL) shares were bought by VIAULT RAYMOND G.

More important recent Newell Brands Inc (NYSE:NWL) news were published by: Bloomberg.com which released: “Stanley Black & Decker to Buy Newell Tools for $1.95 Billion” on October 12, 2016, also Businesswire.com published article titled: “Newell Brands to Webcast Third Quarter 2016 Earnings Results”, Marketwatch.com published: “Newell Brands unveils strategic overhaul, including sale of 10% of its portfolio” on October 04, 2016. More interesting news about Newell Brands Inc (NYSE:NWL) was released by: Schaeffersresearch.com and their article: “Buzz Stocks: Ericsson, Newell Brands Inc, and IntelliPharmaCeutics Intl Inc (USA)” with publication date: October 12, 2016.

NWL Company Profile

Newell Brands Inc, formerly Newell Rubbermaid Inc., is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.

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