Newell Rubbermaid Price Target Raised to $34.00 at Oppenheimer (NWL)
Oppenheimer lifted their price target on shares of Newell Rubbermaid (NYSE:NWL) from $32.00 to $34.00 in a research note issued on Monday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 14.52% from the company’s current price.
NWL has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Newell Rubbermaid from $28.00 to $33.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Newell Rubbermaid in a research note to investors on Monday. They now have a $34.00 price target on the stock, up previously from $32.00. Finally, analysts at B. Riley raised their price target on shares of Newell Rubbermaid from $28.00 to $31.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.23.
Shares of Newell Rubbermaid (NYSE:NWL) traded up 0.99% on Monday, hitting $29.69. The stock had a trading volume of 2,747,359 shares. Newell Rubbermaid has a 52 week low of $18.80 and a 52 week high of $28.47. The stock’s 50-day moving average is $26.3 and its 200-day moving average is $26.24. The company has a market cap of $8.613 billion and a price-to-earnings ratio of 18.81.
Newell Rubbermaid (NYSE:NWL) last issued its quarterly earnings data on Friday, October 25th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.49 by $0.03. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts expect that Newell Rubbermaid will post $1.83 EPS 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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