Newell Rubbermaid PT Raised to $33.00 at BMO Capital Markets (NWL)
Equities researchers at BMO Capital Markets increased their target price on shares of Newell Rubbermaid (NYSE:NWL) from $30.00 to $33.00 in a research report issued on Tuesday, StockRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target suggests a potential upside of 10.33% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James raised their price target on shares of Newell Rubbermaid from $32.00 to $34.00 in a research note to investors on Monday. They now have a “strong-buy” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Newell Rubbermaid from $32.00 to $34.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, 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. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $31.46.
Shares of Newell Rubbermaid (NYSE:NWL) traded up 0.74% on Tuesday, hitting $29.91. 2,506,928 shares of the company’s stock traded hands. Newell Rubbermaid has a 52 week low of $18.80 and a 52 week high of $28.47. The stock has a 50-day moving average of $26.3 and a 200-day moving average of $26.24. The company has a market cap of $8.677 billion and a P/E ratio of 19.00.
Newell Rubbermaid (NYSE:NWL) last posted its quarterly earnings results 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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