Newell Rubbermaid Inc. Sets New 1-Year High at $28.85 (NWL)
Newell Rubbermaid (NYSE:NWL) set a new 52-week high during mid-day trading on Thursday, Analyst RN reports. The stock traded as high as $28.85 and last traded at $28.62, with a volume of 1,787,062 shares. The stock had previously closed at $27.96.
NWL has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. initiated coverage on shares of Newell Rubbermaid in a research note to investors on Monday, October 7th. They set an “outperform” rating on the stock. Separately, analysts at Ned Davis Research upgraded shares of Newell Rubbermaid from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 30th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Newell Rubbermaid in a research note to investors on Tuesday, August 13th. They now have a $28.00 price target on the stock. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $30.00.
Newell Rubbermaid has a 1-year low of $19.93 and a 1-year high of $28.47. The stock has a 50-day moving average of $26.88 and a 200-day moving average of $26.67. The company has a market cap of $8.260 billion and a price-to-earnings ratio of 22.05.
Newell Rubbermaid (NYSE:NWL) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.01. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the company posted $0.47 earnings per share. Newell Rubbermaid’s revenue was up 3.5% compared to the same quarter last year. On average, analysts predict that Newell Rubbermaid will post $1.82 earnings per share for the current fiscal year.
Newell Rubbermaid Inc is a global marketer of consumer and commercial products. The Company’s products are marketed under a portfolio of brands, including Rubbermaid, Levolor, Goody, Calphalon, Sharpie, Paper Mate, Parker, Waterman, Irwin, Lenox, Graco, Aprica and Dymo.
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