Stock Rating Upgrade
The Value Trend Rating for Newell Brands Inc (NASDAQ: NWL) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Newell Brands Inc (NASDAQ: NWL) stock declined by -4.1% on 8/9/24. The shares closed at $7.09. However, below average trading volume at 80% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -15.1% 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 (Neutral). This VT Rating improved in recent days from D previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Newell Brands has a neutral Appreciation Score of 57 and a neutral Power Rating of 43, resulting in the Neutral Value Trend Rating.
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