Newell Rubbermaid Inc. (NWL) Given a $60.00 Price Target at Bank of America Corp.
NWL has been the subject of a number of other research reports. Royal Bank Of Canada reiterated a top pick rating and set a $60.00 price objective on shares of Newell Rubbermaid in a research note on Monday, August 1st. B. Riley reiterated a buy rating and set a $60.00 price objective on shares of Newell Rubbermaid in a research note on Wednesday. Jefferies Group reiterated a top pick rating and set a $66.00 price objective (up previously from $61.00) on shares of Newell Rubbermaid in a research note on Monday, August 1st. RBC Capital Markets reiterated a buy rating on shares of Newell Rubbermaid in a research note on Monday, August 1st. Finally, Zacks Investment Research upgraded Newell Rubbermaid from a hold rating to a buy rating and set a $59.00 price objective for the company in a research note on Monday. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $57.50.
Shares of Newell Rubbermaid (NYSE:NWL) traded up 2.1192% on Tuesday, hitting $52.6935. The stock had a trading volume of 2,482,510 shares. The stock has a market cap of $25.41 billion, a PE ratio of 51.1091 and a beta of 1.18. The stock has a 50 day moving average of $52.57 and a 200-day moving average of $48.95. Newell Rubbermaid has a 12 month low of $33.26 and a 12 month high of $55.45.
Newell Rubbermaid (NYSE:NWL) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.06. The business earned $3.86 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. The firm’s quarterly revenue was up 147.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.64 earnings per share. Equities research analysts anticipate that Newell Rubbermaid will post $2.88 EPS for the current year.
The business also recently disclosed 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 of this dividend was Monday, August 29th. This represents a $0.76 dividend on an annualized basis and a yield of 1.47%. Newell Rubbermaid’s dividend payout ratio (DPR) is presently 76.00%.
A number of large investors have recently modified their holdings of the stock. Primecap Management Co. CA increased its stake in shares of Newell Rubbermaid by 13.1% in the first quarter. Primecap Management Co. CA now owns 778,060 shares of the company’s stock worth $34,460,000 after buying an additional 90,000 shares during the period. Scotia Capital Inc. bought a new stake in shares of Newell Rubbermaid during the first quarter worth about $498,000. Kings Point Capital Management increased its stake in shares of Newell Rubbermaid by 1.0% in the first quarter. Kings Point Capital Management now owns 346,264 shares of the company’s stock worth $15,336,000 after buying an additional 3,555 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Newell Rubbermaid by 925.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 446,470 shares of the company’s stock worth $19,774,000 after buying an additional 402,928 shares during the period. Finally, 1832 Asset Management L.P. bought a new stake in shares of Newell Rubbermaid during the first quarter worth about $24,785,000. 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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