Newell Brands (NYSE:NWL) Downgraded by StockNews.com

Newell Brands (NYSE:NWLGet Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Separately, Wells Fargo & Company reduced their price target on shares of Newell Brands from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Tuesday.

Shares of NYSE NWL traded up $0.20 during midday trading on Tuesday, reaching $18.31. 5,520,298 shares of the stock were exchanged, compared to its average volume of 3,644,523. The business’s 50-day moving average is $21.47. Newell Brands has a 12 month low of $17.40 and a 12 month high of $27.82.

Newell Brands (NYSE:NWLGet Rating) last announced its quarterly earnings results on Friday, April 29th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.27 billion.

Newell Brands Company Profile (Get Rating)

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. It operates in five segments: Commercial Solutions, Home Appliances, Home Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solutions; closet and garage organization products; hygiene systems and material handling solutions; and home and security, and smoke and carbon monoxide alarms products under the BRK, First Alert, Mapa, Quickie, Rubbermaid, Rubbermaid Commercial Products, and Spontex brands.

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