Newell Rubbermaid (NYSE:NWL) : The most positive equity analysts on Newell Rubbermaid (NYSE: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 Brands Inc. has dropped 1.8% in the last five trading days, however, the shares have posted positive gains of 1.34% in the last 4 weeks. Newell Brands Inc. is up 7.08% in the last 3-month period. Year-to-Date the stock performance stands at 11.18%. Also, In the latest statement by the brokerage house, Barclays reinstates its outlook on Newell Rubbermaid (NYSE:NWL). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm announces the price target at $57 per share. The rating by the firm was issued on April 25, 2016.
Newell Rubbermaid (NYSE:NWL) : 14 brokerage houses believe that Newell Rubbermaid (NYSE:NWL) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Newell Rubbermaid (NYSE:NWL). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 17 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.21.
Newell Rubbermaid (NYSE:NWL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.88 and $47.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.57, notching a gain of 1.53% for the day. The total traded volume was 4,978,004 . The stock had closed at $47.84 on the previous day.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Newell Brands Inc, Ashken Ian G H had sold 346,781 shares worth of $16,822,346 in a transaction dated June 23, 2016. In this transaction, 346,781 shares were sold at $48.51 per share.
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.