Newell Brands shares climbed Monday, following a hike in rating and increase in price target from SunTrust.
Analysts at SunTrust raised the their rating on the consumer & commercial products maker’s stock to buy from hold. They also increased their price target on the shares to $25 from $15 a share – thereby representing a potential 36% upside from the stock's closing price Friday of $18.31.
Analyst Bill Chappell believes that the worst in business trends is has bottomed out, and that turnaround efforts are gaining traction for the company. Chappell also mentioned Newell stock's attractive valuation, calling it “too cheap".
The Aroon Indicator for NWL entered a downward trend on April 22, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 185 similar instances where the Aroon Indicator formed such a pattern. In of the 185 cases the stock moved lower. This puts the odds of a downward move at .
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NWL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
NWL broke above its upper Bollinger Band on April 26, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Momentum Indicator moved above the 0 level on April 26, 2024. You may want to consider a long position or call options on NWL as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for NWL just turned positive on April 26, 2024. Looking at past instances where NWL's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
NWL moved above its 50-day moving average on April 26, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where NWL advanced for three days, in of 301 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.046) is normal, around the industry mean (59.633). P/E Ratio (25.840) is within average values for comparable stocks, (196.255). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.746). Dividend Yield (0.036) settles around the average of (0.106) among similar stocks. P/S Ratio (0.399) is also within normal values, averaging (118.390).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NWL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NWL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an industrial conglomerate which manufactures and markets consumer and commercial products, including office products, tools, hardware, home and baby products
Industry HouseholdPersonalCare