Newell Rubbermaid Given “Neutral” Rating at Zacks (NWL)
Newell Rubbermaid (NYSE:NWL)‘s stock had its “neutral” rating restated by Zacks in a research note issued to investors on Thursday, Analyst Ratings.Net reports. They currently have a $32.00 target price on the stock. Zacks‘ price target suggests a potential upside of 3.49% from the stock’s previous close.
Zacks‘ analyst wrote, “Bolstered by remarkable top-line growth and solid operating margins, Newell Rubbermaid reported strong results yet again. The company’s core sales growth marked the highest quarterly rise in recent years, driven primarily by improved sales in almost every segment and region. Further, we believe that Newell Rubbermaid’s Project Renewal program will help it to reduce the operating costs and complexities of the organization, while increasing investment in core business areas. However, despite these strong fundamentals, we remain slightly anxious about Newell’s future performance due to the sluggish economic recovery in the U.S. and a slowdown in the emerging markets. Moreover, we believe that Newell’s margins may be under pressure due to rising raw material prices. Therefore, our long-term Neutral recommendation on the stock remains in place.”
A number of other analysts have also recently weighed in on NWL. Analysts at RBC Capital reiterated an “outperform” rating on shares of Newell Rubbermaid in a research note on Monday, February 3rd. They now have a $35.00 price target on the stock. Separately, analysts at BTIG Research initiated coverage on shares of Newell Rubbermaid in a research note on Wednesday, January 29th. They set a “buy” rating on the stock. Finally, analysts at KeyCorp initiated coverage on shares of Newell Rubbermaid in a research note on Monday, December 16th. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $32.15.
Shares of Newell Rubbermaid (NYSE:NWL) traded up 0.55% during mid-day trading on Thursday, hitting $30.99. 674,738 shares of the company’s stock traded hands. Newell Rubbermaid has a 52-week low of $22.46 and a 52-week high of $32.54. The stock’s 50-day moving average is $31.43 and its 200-day moving average is $29.03. The company has a market cap of $8.783 billion and a price-to-earnings ratio of 18.94.
Newell Rubbermaid (NYSE:NWL) last released its earnings data on Thursday, January 30th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts predict that Newell Rubbermaid will post $1.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.94%.
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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