Newell Rubbermaid Given “Outperform” Rating at RBC Capital (NWL)
Newell Rubbermaid (NYSE:NWL)‘s stock had its “outperform” rating reaffirmed by equities research analysts at RBC Capital in a research note issued to investors on Monday, StockRatingsNetwork.com reports. They currently have a $35.00 price target on the stock. RBC Capital’s target price suggests a potential upside of 13.27% from the company’s current price.
NWL has been the subject of a number of other recent research reports. Analysts at BTIG Research initiated coverage on shares of Newell Rubbermaid in a research note to investors on Wednesday, January 29th. They set a “buy” rating on the stock. Separately, analysts at KeyCorp initiated coverage on shares of Newell Rubbermaid in a research note to investors on Monday, December 16th. They set a “buy” rating on the stock. Finally, 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, November 11th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Newell Rubbermaid has a consensus rating of “Buy” and an average price target of $32.00.
Newell Rubbermaid (NYSE:NWL) opened at 30.80 on Monday. Newell Rubbermaid has a 52-week low of $22.46 and a 52-week high of $32.54. The stock has a 50-day moving average of $31.70 and a 200-day moving average of $28.81. The company has a market cap of $8.729 billion and a P/E ratio of 18.99.
Newell Rubbermaid (NYSE:NWL) last announced its earnings results on Thursday, January 30th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.01. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts expect that Newell Rubbermaid will post $2.00 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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