RBC Capital analyst Nik Modi maintained a Hold rating on Newell Brands on Friday, setting a price target of $23, which is approximately 5.75% above the present share price of $21.75.
Modi expects Newell Brands to post earnings per share (EPS) of $0.45 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Newell Brands, with an average price target of $27.17.
The analysts price targets range from a high of $34 to a low of $23.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $2.79 billion and a net profit of $287 million. The company's market cap is $9.25 billion.
According to TipRanks.com, RBC Capital analyst Nik Modi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.1% and a 67.13% success rate.
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.