Looking at top Wall Street opinions, Newell Brands Inc. (NASDAQ: NWL) has recently made its way into the research list of Wells Fargo – signaling that their analyst’s rating adjustment is noteworthy. This stock was upgraded to a rating of Outperform in the eyes of Wells Fargo, whereas its previous rating was Market Perform in the eyes of Wells Fargo, as reported on Tuesday, April 17th, 2018. Another heavy-hitting research note was published by SunTrust on Tuesday March 27th, 2018, with this firm downgrading NWL to an updated rating of Hold from its previous rating of Buy. In the past six months and three months of trading, shares of Newell Brands Inc. (NWL) have moved by -28.41% and -32.33%, respectively.
Brokerage Updates Related to Newell Brands Inc. (NWL) Stock
This publicly-traded organization generated losses of -1.40% over the last 5 sessions. Right now, this stock is the subject of 13 analysts’ evaluations, who – on average – have given this company’s shares a Buy rating. Not a Single analyst have given underperform rating or sell rating, and 2 have given a rating of Buy or better. Based on the 13 stock market experts following this company, the average 12-month price target is $19.10. Moreover, individual price targets range between $15.00-$24.00. With its recent move to $19.00, we can see that these firms project this stock will loss by -46.64% in one year.
Updates from Newell Brands Inc. (NWL) SEC Form 4
This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 0.30% rise since the beginning of the calendar year. A SVP, Chief Accounting Officer at Newell Brands Inc. (NWL) sold off some of its shares in a transaction that was finalized on Nov 26. ICAHN BRETT bought 100,000 shares of the organization’s stock at $20.03 apiece and racked up $2,002,500 in earnings from the purchase. Now, ICAHN BRETT holds 400,285 shares of the company following the exchange. A President and CEO of the organization named POLK MICHAEL B, was engaged in a transaction that occurred on Aug 13 that managed to be worth $206,300 from the purchase of 10,000 common shares at a price of $20.63 per individual share.
Newell Brands Inc. (NASDAQ:NWL) Results in the Pipeline
The next scheduled release of financial results for Newell Brands Inc. will be for the Dec-18 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $0.67. In the same vein, they expect sales for the quarter to amount to $2,417.87 million.
Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $2,340.60 million in revenue alongside EPS at $0.71. On average, the analyst projection was calling for $2,277.20 million with $0.81 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $3,728.80 million, with earnings per share ending up at $0.82.
New Age Beverages Corporation (NASDAQ:NBEV) experienced a drop of -0.73% from the closing price in the previous trading day. That drove the price to $5.46 per share, as observed on March 13th, 2019, at a time when the total trading volume reached 4,875,964 shares of stock – compared to the typical average of 10.66M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $9.00.
Pricing Indications for New Age Beverages Corporation (NBEV)
This organization has had a price-to-earnings ratio of in the last year. In the most recent trading session, the daily high was $5.689, bringing the per-share value -0.73% high its 52-week high and about -45.35% more expensive than its 52-week low. Meanwhile, it gained 6.19 from its observable 50-day simple moving average. Right at this moment, the per-share value is 33.18% higher than the mean per-share price over the last 200 days in the market.
New Age Beverages Corporation (NASDAQ:NBEV) In-Depth Brokerage Insights
We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 0 have a sell rating, 1 have a Buy rating, 2 have an outperform rating, while 1 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 0 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 2.30, based on information from Thomson Reuters.
NBEV Stock Value Potential
In trading activity as of late, this stock’s value was 4.12 up from its 200 day moving average, while also -11.68% down when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $8.00-$11.00. The market value for the entire organization reached 416.65M. After the trading day started off at the price of $5.46, these shares nearly bottomed out at its low price of $5.27 and nearly peaked at $5.689 as its full-day high price. In the last trading session, the price ended the day at $5.50. The institutional holdings related to this organization account for 9.70%, and the Beta factor is now 2.84. This company’s RSI (Relative Strength Index) managed to hit 40.87.
New Age Beverages Corporation (NASDAQ:NBEV) Analyst Points of Focus
New Age Beverages Corporation (NBEV) has found itself inside of Maxim Group’s research list, so their analyst rating adjustment is worth taking note of. This stock was downgraded to Hold, compared to its previous rating of Buy by Maxim Group, as garnered from a news report on Friday September 21st, 2018. An additional helpful research note was sent out by Northland Capital’s on Tuesday September 4th, 2018. The brokerage decided to initiated NBEV to Outperform.