Newell Rubbermaid Price Target Raised to $35.00 at B. Riley (NWL)
Analysts at B. Riley increased their price objective on shares of Newell Rubbermaid (NYSE:NWL) from $30.00 to $35.00 in a research report issued to clients and investors on Monday. The firm currently has a “neutral” rating on the stock. B. Riley’s target price points to a potential upside of 7.86% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Newell Rubbermaid from $33.00 to $36.00 in a research note on Friday. They now have an “overweight” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Newell Rubbermaid from $34.00 to $36.00 in a research note on Friday. Finally, 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. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $34.89.
Shares of Newell Rubbermaid (NYSE:NWL) traded up 1.29% during mid-day trading on Monday, hitting $32.87. The stock had a trading volume of 385,200 shares. Newell Rubbermaid has a 52-week low of $24.32 and a 52-week 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 $9.118 billion and a price-to-earnings ratio of 18.04.
Newell Rubbermaid (NYSE:NWL) last released its earnings data 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 $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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