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RBC Capital Sticks to Its Hold Rating for Newell Brands (NWL)

Tipranks - Tipranks - Tue May 5, 6:36AM CDT

In a report released today, Nik Modi from RBC Capital maintained a Hold rating on Newell Brands, with a price target of $4.00.

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Modi covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, The Estée Lauder Companies, and Procter & Gamble. According to TipRanks, Modi has an average return of -3.8% and a 44.82% success rate on recommended stocks.

In addition to RBC Capital, Newell Brands also received a Hold from Citi’s Filippo Falorni in a report issued today. However, on May 1, Barclays maintained a Buy rating on Newell Brands (NASDAQ: NWL).

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Based on Newell Brands’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.55 billion and a GAAP net loss of $33 million. In comparison, last year the company earned a revenue of $1.57 billion and had a GAAP net loss of $37 million

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