Newell Brands Inc (NYSE:NWL) plunged -0.19% during previous trade, a total of 4.43M shares exchanged hands compared with its average trading volume of 4.10M shares whereas its relative volume is 1.05. The stock has a market capitalization of $22.63B along with 482.40M outstanding shares. Stock’s intraday price range hit the peak level of $47.01 and touched the lowest level of $46.61.
Most recently Newell Brands Inc (NYSE:NWL)’s price target was revised on 01/10/17 and according to 16 analysts stock’s price will reach at $57.31 during 52 weeks with standard deviation of 4.33. Stock’s minimum price target estimates has been figured out at $48 while the maximum price target forecast is established at $67, if we look at the price target with an optimistic approach it has upside potential of 43% from its latest closing price of $46.88.
Historically, if we look at price target revisions, three weeks ago Newell Brands Inc (NYSE:NWL)’s price target was revised on 12/14/16 by the analysts, however the bullish price estimates of the stock set at $67 while the bearish estimates kept at $52 over the next one year. Stock’s 52-week target was retained at $59, the estimates indicates a standard deviation of 3.88.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.17. ABR value is precisely based on brokerage recommendations, where out of 15 brokerage recommendations 13 rate Newell Brands Inc (NYSE:NWL) stock a Strong Buy, 1 rate the stocks of the company a Buy, 1 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 11/8/16 the stock of Newell Brands Inc (NYSE:NWL) upgraded by Raymond James from Outperform to Strong Buy. However previously on 2/1/16 it was upgraded by Raymond James from Mkt Perform to Outperform. A research note issued on 10/1/15 the stock was upgraded by B. Riley & Cofrom Neutral to Buy.
Newell Brands Inc (NYSE:NWL) performance over the past one year soared 19.24% whereas its year to date (YTD) performance indicated a bullish trend of 4.99%. During the last six months the stock slipped -3.55%. Quarterly performance of the company shows declining momentum of -6.51% while its last one month trend is positive with 2.97%. Stock’s weekly performance expressed up trend of 0.80%.
The company’s price sits 0.24% above from its 50-day moving average of $46.24 and -3.38% below from the stock’s 200-day moving average which is $49.80. Newell Brands Inc (NYSE:NWL)’s shares are currently trading -14.82% away from the 52-week high price of $55.04 and +43.29% far from the 52-week low price of $32.72.
According to consensus agreement of 16 analysts Newell Brands Inc (NYSE:NWL) will report earnings per share of $0.8 in their quarterly report and it is expected to announce the company’s results on 2/3/17. For the current quarter the company has high EPS estimates of $0.85 in contradiction of low EPS estimates of $0.77. However a year ago for the same quarter the company has reported $0.56 EPS. Current year EPS projections for Newell Brands Inc (NYSE:NWL) set at $2.87 according to the sentiments of 16 analysts, while its lowest earnings estimates are $2.75 and highest earnings estimates are $2.9.
According to 14 analysts, Newell Brands Inc (NYSE:NWL)’s revenue estimates for the current quarter are $4.29B meanwhile the company has high revenue estimates of $4.47B in contradiction of low revenue estimates of $4.17B. For the current year the company’s revenue estimates are $13.41B compared to low analyst estimates of $13.3B and high estimates of $13.59B according to the projection of 15 analysts.