Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Newell Brands Inc (NASDAQ: NWL) improved during the last several trading days. NWL’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/31/24, Newell Brands Inc (NASDAQ: NWL) stock enjoyed a large increase of 3.3%, closing at $7.72. Moreover, this advance was accompanied by above average trading volume at 146% of normal. Relative to the market the stock has been weak over the last nine months and has declined -3.3% during the last week.
Current PriceTarget Research Rating
NWL’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Newell Brands has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Newell Brands has a neutral Appreciation Score of 54 and a slightly negative Power Rating of 34, resulting in the Low Neutral Value Trend Rating.
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