Newell Rubbermaid PT Raised to $36.00 (NWL)
JPMorgan Chase & Co. raised their price target on shares of Newell Rubbermaid (NYSE:NWL) from $33.00 to $36.00 in a research note issued on Friday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 10.94% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer raised their price target on shares of Newell Rubbermaid from $34.00 to $36.00 in a research note on Friday. Separately, 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. Finally, 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. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus 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. The stock had a trading volume of 3,089,776 shares. Newell Rubbermaid has a 52 week low of $24.32 and a 52 week high of $33.17. The stock has a 50-day moving average of $31.36 and a 200-day moving average of $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 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue 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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