Barclays Capital Reaffirms Overweight Rating on Newell Rubbermaid (NWL)

By admin | 6 years ago

Newell Rubbermaid (NYSE: NWL)‘s stock had its “overweight” rating reiterated by equities research analysts at Barclays Capital (NYSE: BCS) in a research note issued to investors on Tuesday.

A number of other analysts have also recently weighed in on NWL. Analysts at Zacks reiterated a “neutral” rating on shares of Newell Rubbermaid in a research note to investors on Tuesday. They now have a $20.00 price target on the stock. Analysts at Oppenheimer (NYSE: OPY) upgraded shares of Newell Rubbermaid from a “perform” rating to an “outperform” rating in a research note to investors on Monday, May 7th. They now have a $23.00 price target on the stock.

Shares of Newell Rubbermaid opened at 19.03 on Tuesday. Newell Rubbermaid has a 52 week low of $10.87 and a 52 week high of $19.49. The company has a market cap of $5.517 billion and a P/E ratio of 44.26.

Newell Rubbermaid last announced its earnings results on Friday, April 27th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts predict that Newell Rubbermaid will post $0.45 earnings per share next quarter.

Newell Rubbermaid Inc. (Newell Rubbermaid) is a global marketer of consumer and commercial products. The Company’s products are marketed under a portfolio of brands, including Rubbermaid, Graco, Aprica, Levolor, Calphalon, Goody, Sharpie, Paper Mate, Dymo, Parker, Waterman, Irwin, Lenox and Technical Concepts.

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