Newell Rubbermaid Inc. (NWL) Stock Rating Reaffirmed by Jefferies Group
Newell Rubbermaid Inc. (NYSE:NWL)‘s stock had its “buy” rating restated by research analysts at Jefferies Group in a research report issued to clients and investors on Tuesday. They presently have a $66.00 price objective on the stock. Jefferies Group’s price target would suggest a potential upside of 27.91% from the stock’s previous close.
Several other research analysts have also commented on the company. Zacks Investment Research raised Newell Rubbermaid from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Monday. Deutsche Bank AG lifted their price target on Newell Rubbermaid from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. RBC Capital Markets reaffirmed a “buy” rating on shares of Newell Rubbermaid in a research report on Monday, August 1st. Royal Bank Of Canada reissued a “top pick” rating and issued a $60.00 target price on shares of Newell Rubbermaid in a report on Monday, August 1st. Finally, Citigroup Inc. reissued a “buy” rating and issued a $61.00 target price on shares of Newell Rubbermaid in a report on Tuesday, August 2nd. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Newell Rubbermaid currently has a consensus rating of “Buy” and an average price target of $57.27.
Shares of Newell Rubbermaid (NYSE:NWL) traded down 1.24% on Tuesday, hitting $51.60. The stock had a trading volume of 3,374,918 shares. The firm has a 50 day moving average of $52.66 and a 200 day moving average of $48.88. Newell Rubbermaid has a 12 month low of $33.26 and a 12 month high of $55.45. The stock has a market cap of $24.88 billion, a P/E ratio of 50.05 and a beta of 1.18.
Newell Rubbermaid (NYSE:NWL) last released its quarterly earnings results on Friday, July 29th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.76 billion. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. The firm’s revenue was up 147.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share. On average, equities analysts forecast that Newell Rubbermaid will post $2.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were given a dividend of $0.19 per share. The ex-dividend date was Monday, August 29th. This represents a $0.76 dividend on an annualized basis and a yield of 1.47%. Newell Rubbermaid’s payout ratio is 76.00%.
A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Newell Rubbermaid by 82.8% in the second quarter. Vanguard Group Inc. now owns 41,447,370 shares of the company’s stock worth $2,013,099,000 after buying an additional 18,777,228 shares during the last quarter. Capital International Investors increased 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 last quarter. State Street Corp increased 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 last quarter. Capital World Investors increased 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 last quarter. Finally, Massachusetts Financial Services Co. MA increased 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 last quarter. 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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