Newell Rubbermaid Hits New 12-Month High at $33.97 (NWL)
Newell Rubbermaid (NYSE:NWL) shares hit a new 52-week high during mid-day trading on Tuesday , Analyst Ratings News reports. The stock traded as high as $33.97 and last traded at $33.64, with a volume of 487,042 shares changing hands. The stock had previously closed at $33.52.
A number of analysts have recently weighed in on NWL shares. Analysts at Zacks reiterated a “neutral” rating on shares of Newell Rubbermaid in a research note on Wednesday, August 20th. They now have a $35.00 price target on the stock. Separately, analysts at B. Riley raised their price target on shares of Newell Rubbermaid from $30.00 to $35.00 in a research note on Monday, August 4th. They now have a “neutral” rating on the stock. Finally, 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, August 1st. They now have an “overweight” rating on the stock. Two research analysts have 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 a consensus target price of $35.33.
The stock’s 50-day moving average is $32.5 and its 200-day moving average is $30.89. The company has a market cap of $9.260 billion and a P/E ratio of 18.63.
Newell Rubbermaid (NYSE:NWL) last announced its 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 $2.00 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Wednesday, August 27th.
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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