Jefferies Group Reaffirms Buy Rating for Newell Rubbermaid Inc. (NWL)
Newell Rubbermaid Inc. (NYSE:NWL)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Group in a research note issued to investors on Tuesday. They currently have a $66.00 target price on the stock. Jefferies Group’s price target indicates a potential upside of 25.93% from the company’s current price.
A number of other research analysts have also recently issued reports on NWL. B. Riley reissued a “buy” rating and set a $60.00 price target on shares of Newell Rubbermaid in a research report on Monday, August 1st. Citigroup Inc. restated a “buy” rating and issued a $61.00 price target on shares of Newell Rubbermaid in a report on Tuesday, August 2nd. Royal Bank Of Canada restated a “top pick” rating and issued a $60.00 price target on shares of Newell Rubbermaid in a report on Monday, August 1st. Deutsche Bank AG upped their price target on shares of Newell Rubbermaid from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Finally, RBC Capital Markets restated a “buy” rating on shares of Newell Rubbermaid in a report on Monday, August 1st. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $57.50.
Newell Rubbermaid (NYSE:NWL) traded up 0.639% on Tuesday, hitting $52.745. 1,749,764 shares of the stock were exchanged. The stock has a market cap of $25.43 billion, a price-to-earnings ratio of 51.159 and a beta of 1.18. The company has a 50-day moving average of $52.02 and a 200-day moving average of $49.43. Newell Rubbermaid has a 12 month low of $33.26 and a 12 month high of $55.45.
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Newell Rubbermaid (NYSE:NWL) last issued its quarterly earnings results 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 company earned $3.86 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the company posted $0.64 EPS. Newell Rubbermaid’s revenue was up 147.2% on a year-over-year basis. On average, equities analysts predict that Newell Rubbermaid will post $2.88 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its stake in shares of Newell Rubbermaid by 66.6% in the second quarter. Quadrant Capital Group LLC now owns 2,467 shares of the company’s stock valued at $116,000 after buying an additional 986 shares during the last quarter. Seven Bridges Advisors LLC bought a new stake in shares of Newell Rubbermaid during the second quarter valued at approximately $137,000. Parkside Financial Bank & Trust increased its stake in shares of Newell Rubbermaid by 13.2% in the second quarter. Parkside Financial Bank & Trust now owns 2,837 shares of the company’s stock valued at $138,000 after buying an additional 330 shares during the last quarter. FineMark National Bank & Trust bought a new stake in shares of Newell Rubbermaid during the second quarter valued at approximately $146,000. Finally, NN Investment Partners Holdings N.V. increased its stake in shares of Newell Rubbermaid by 56.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 3,101 shares of the company’s stock valued at $151,000 after buying an additional 1,120 shares during the last quarter. Institutional investors and hedge funds 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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