Newell Rubbermaid Inc. (NYSE:NWL) received a $60.00 price objective from Bank of America Corp. in a research report issued on Tuesday. The brokerage presently has a a “buy” rating on the stock. Bank of America Corp.’s target price would suggest a potential upside of 16.28% from the stock’s previous close.
Several other analysts also recently weighed in on the company. B. Riley restated a “buy” rating and issued a $60.00 price objective on shares of Newell Rubbermaid in a report on Wednesday. Jefferies Group restated a “buy” rating and issued a $66.00 price objective on shares of Newell Rubbermaid in a report on Tuesday. 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 report on Monday. Citigroup Inc. restated a “buy” rating and issued a $61.00 price objective on shares of Newell Rubbermaid in a report on Tuesday, August 2nd. Finally, RBC Capital Markets restated a “buy” rating on shares of Newell Rubbermaid in a report on Monday, August 1st. One 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 company currently has a consensus rating of “Buy” and a consensus price target of $57.50.
Newell Rubbermaid (NYSE:NWL) traded up 2.19% during trading on Tuesday, reaching $52.73. 2,311,639 shares of the company’s stock traded hands. The company has a 50 day moving average of $52.57 and a 200 day moving average of $48.95. The firm has a market cap of $25.43 billion, a price-to-earnings ratio of 51.14 and a beta of 1.18. Newell Rubbermaid has a one year low of $33.26 and a one year high of $55.45.
Newell Rubbermaid (NYSE:NWL) last released its earnings results on Friday, July 29th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. The business earned $3.86 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period last year, the company earned $0.64 earnings per share. The business’s revenue for the quarter was up 147.2% compared to the same quarter last year. Equities research analysts predict that Newell Rubbermaid will post $2.88 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Monday, August 29th. Newell Rubbermaid’s dividend payout ratio (DPR) is 76.00%.
Several large investors have recently added to or reduced their stakes in NWL. Commonwealth Equity Services Inc increased its stake in Newell Rubbermaid by 15.8% in the first quarter. Commonwealth Equity Services Inc now owns 23,518 shares of the company’s stock worth $1,042,000 after buying an additional 3,209 shares during the period. Ngam Advisors L.P. increased its stake in Newell Rubbermaid by 53.7% in the first quarter. Ngam Advisors L.P. now owns 32,071 shares of the company’s stock worth $1,421,000 after buying an additional 11,210 shares during the period. Bessemer Group Inc. increased its stake in Newell Rubbermaid by 5.4% in the first quarter. Bessemer Group Inc. now owns 2,737,675 shares of the company’s stock worth $121,252,000 after buying an additional 140,360 shares during the period. ING Groep NV purchased a new stake in Newell Rubbermaid during the first quarter worth approximately $271,000. Finally, Aviva PLC increased its stake in Newell Rubbermaid by 3.6% in the first quarter. Aviva PLC now owns 137,247 shares of the company’s stock worth $6,079,000 after buying an additional 4,800 shares during the period. 93.12% of the stock is owned by hedge funds and other institutional investors.
About Newell Rubbermaid
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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