Newell Rubbermaid Inc. (NWL) Rating Reiterated by B. Riley
Newell Rubbermaid Inc. (NYSE:NWL)‘s stock had its “buy” rating restated by equities research analysts at B. Riley in a report issued on Monday. They currently have a $60.00 price objective on the stock. B. Riley’s target price would suggest a potential upside of 16.87% from the stock’s current price.
NWL has been the subject of a number of other research reports. Jefferies Group reissued a “buy” rating and set a $66.00 price objective on shares of Newell Rubbermaid in a research report on Tuesday, October 4th. Zacks Investment Research raised shares of Newell Rubbermaid from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Monday, October 3rd. Bank of America Corp. set a $60.00 target price on shares of Newell Rubbermaid and gave the stock a “buy” rating in a report on Tuesday, October 4th. RBC Capital Markets reaffirmed a “buy” rating on shares of Newell Rubbermaid in a report on Monday, August 1st. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $61.00 target price on shares of Newell Rubbermaid in a report on Tuesday, August 2nd. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Newell Rubbermaid currently has an average rating of “Buy” and an average price target of $57.50.
Newell Rubbermaid (NYSE:NWL) traded down 1.10% during midday trading on Monday, reaching $51.34. The company’s stock had a trading volume of 3,129,946 shares. The firm has a market cap of $24.76 billion, a P/E ratio of 49.80 and a beta of 1.18. Newell Rubbermaid has a one year low of $33.26 and a one year high of $55.45. The firm has a 50 day moving average price of $52.34 and a 200 day moving average price of $49.20.
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Newell Rubbermaid (NYSE:NWL) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. Newell Rubbermaid had a net margin of 3.91% and a return on equity of 18.55%. The firm earned $3.86 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 147.2% compared to the same quarter last year. Equities research analysts forecast that Newell Rubbermaid will post $2.88 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Monday, August 29th. Newell Rubbermaid’s dividend payout ratio is 76.00%.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Newell Rubbermaid by 82.8% in the second quarter. Vanguard Group Inc. now owns 41,447,370 shares of the company’s stock valued at $2,013,099,000 after buying an additional 18,777,228 shares in the last quarter. Capital International Investors raised its stake in Newell Rubbermaid by 1.7% in the second quarter. Capital International Investors now owns 18,225,502 shares of the company’s stock worth $885,213,000 after buying an additional 307,407 shares during the period. State Street Corp raised its stake in Newell Rubbermaid by 62.7% in the second quarter. State Street Corp now owns 17,186,871 shares of the company’s stock worth $834,765,000 after buying an additional 6,623,143 shares during the period. Capital World Investors raised its stake in Newell Rubbermaid by 43.8% in the second quarter. Capital World Investors now owns 14,080,762 shares of the company’s stock worth $683,903,000 after buying an additional 4,285,762 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Newell Rubbermaid by 15.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 13,519,953 shares of the company’s stock worth $656,664,000 after buying an additional 1,762,871 shares during the period. Hedge funds and other institutional investors own 93.12% of the company’s stock.
Newell Rubbermaid Company Profile
Newell Brands Inc, formerly Newell Rubbermaid Inc, is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.
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