Newell Rubbermaid Receives Average Rating of “Buy” from Analysts (NYSE:NWL)
Newell Rubbermaid (NYSE:NWL) has received a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the stock, American Banking and Market News reports. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $35.33.
Shares of Newell Rubbermaid (NYSE:NWL) opened at 33.82 on Wednesday. Newell Rubbermaid has a one year low of $25.74 and a one year high of $33.97. The stock’s 50-day moving average is $32.62 and its 200-day moving average is $30.90. The company has a market cap of $9.260 billion and a P/E ratio of 18.80.
Newell Rubbermaid (NYSE:NWL) last released its earnings data on Thursday, July 31st. The company reported $0.59 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.50 earnings per share. Newell Rubbermaid’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that Newell Rubbermaid will post $2.00 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Wednesday, August 27th.
Several analysts have recently commented on the stock. 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.
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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