Newell Rubbermaid PT Raised to $33.00 at JPMorgan Chase & Co. (NWL)
Analysts at JPMorgan Chase & Co. lifted their price target on shares of Newell Rubbermaid (NYSE:NWL) from $28.00 to $33.00 in a research report issued to clients and investors on Monday, StockRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 11.15% from the company’s current price.
NWL has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target 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 P/E ratio of 18.81.
Newell Rubbermaid (NYSE:NWL) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.52 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.47 earnings per share. Newell Rubbermaid’s revenue was up 2.1% compared to the same quarter last year. 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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