Newell Rubbermaid PT Raised to $36.00 (NWL)
Stock analysts at Oppenheimer boosted their price objective on shares of Newell Rubbermaid (NYSE:NWL) from $34.00 to $36.00 in a report issued on Friday. Oppenheimer’s target price would suggest a potential upside of 10.94% from the stock’s previous close.
A number of other firms have also recently commented on NWL. Analysts at BMO Capital Markets raised their price target on shares of Newell Rubbermaid from $2.00 to $37.00 in a research note on Friday. Separately, analysts at Morgan Stanley raised their price target on shares of Newell Rubbermaid from $34.00 to $36.00 in a research note on Monday, July 7th. They now have an “overweight” rating on the stock. Finally, analysts at Morgan Stanley upgraded shares of Newell Rubbermaid from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 4th. They now have a $34.00 price target on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $34.33.
Newell Rubbermaid (NYSE:NWL) traded down 0.09% during mid-day trading on Friday, hitting $32.45. 3,089,776 shares of the company’s stock traded hands. Newell Rubbermaid has a one year low of $24.32 and a one year high of $33.17. The stock’s 50-day moving average is $31.36 and its 200-day moving average is $30.56. The company has a market cap of $8.979 billion and a price-to-earnings ratio of 19.94.
Newell Rubbermaid (NYSE:NWL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.04. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts expect that Newell Rubbermaid will post $1.98 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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