Newell Rubbermaid (NWL) was Reiterated by UBS to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 54 from a previous price target of $51 . UBS advised their investors in a research report released on Apr 18, 2016.
Many Wall Street Analysts have commented on Newell Rubbermaid. Shares were Reiterated by Oppenheimer on Feb 12, 2016 to “Perform” and Lowered the Price Target to $ 36 from a previous price target of $40 .Gabelli & Co Initiated Newell Rubbermaid on Feb 8, 2016 to “Buy”, Price Target of the shares are set at $59.Newell Rubbermaid was Upgraded by Raymond James to ” Outperform” on Feb 1, 2016.
On the company’s financial health, Newell Rubbermaid reported $0.56 EPS for the quarter, based on the information available during the earnings call on Jan 29, 2016. Analyst had a consensus estimate of $0.56. The company had revenue of $1560.80 million for the quarter, compared to analysts expectations of $1559.82 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS.
Newell Rubbermaid opened for trading at $44.25 and hit $44.74 on the upside on Friday, eventually ending the session at $44.33, with a gain of 0.32% or 0.14 points. The heightened volatility saw the trading volume jump to 4,24,17,294 shares. Company has a market cap of $11,845 M.
In a different news, on Mar 14, 2016, Mark Tarchetti (EVP) purchased 12,380 shares at $40.76 per share price. According to the SEC, on Mar 1, 2016, Steven J Strobel (director) sold 9,713 shares at $38.96 per share price. On Feb 16, 2016, Sole Domenico De (director) purchased 5,670 shares at $35.28 per share price, according to the Form-4 filing with the securities and exchange commission.
Newell Rubbermaid Inc. is a marketer of consumer and commercial products. The Company operates in five segments: Writing which designs manufactures or sources and distributes writing instruments and labeling solutions primarily for use in business and the home; Home Solutions which designs manufactures or sources and distributes a range of consumer products under various brand names; Tools which designs manufactures or sources and distributes hand tools and power tool accessories industrial bandsaw blades tools and industrial-labeling solutions; Commercial Products which designs manufactures or sources and distributes cleaning and refuse products hygiene systems material handling solutions and medical and computer carts and Baby & Parenting which designs and distributes infant and juvenile products. Its products are marketed under a portfolio of various brands including Sharpie Paper Mate Parker Calphalon Irwin Lenox Elmer’s Graco Aprica and Baby Jogger.