Newell Rubbermaid (NWL) : Analyst Rating Update

Newell Rubbermaid (NWL) : 17 analysts are covering Newell Rubbermaid (NWL) and their average rating on the stock is 1.21, which is read as a Strong Buy. 14 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Newell Rubbermaid (NWL) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Newell Rubbermaid (NWL) : The most positive equity analysts on Newell Rubbermaid (NWL) expects the shares to touch $60, whereas, the least positive believes that the stock will trade at $50 in the short term. The company is covered by 14 Wall Street Brokerage Firms. The average price target for shares are $55.21 with an expected fluctuation of $2.97 from the mean.

Newell Rubbermaid (NYSE:NWL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.76 and $47.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.17, notching a gain of 0.31% for the day. The total traded volume was 5,170,130 . The stock had closed at $48.02 on the previous day.

Also, Barclays reinstates their rating on the shares of Newell Rubbermaid (NYSE:NWL). The current rating of the shares is Overweight. Equity Analysts at the Firm announces the price target to $57 per share. The rating by the firm was issued on April 25, 2016. The company shares have rallied 18.77% from its 1 Year high price. On Dec 7, 2015, the shares registered one year high at $50.90 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $47.95 and the 200 Day Moving Average price is recorded at $43.21.

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, Elmers, Graco, Aprica and Baby Jogger.

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