Newell Rubbermaid (NWL) is Reiterated by Deutsche Bank to Buy, Raises Price Target to $ 60

Newell Rubbermaid (NWL) was Reiterated by Deutsche Bank to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 60 from a previous price target of $52 . Deutsche Bank advised their investors in a research report released on Aug 1, 2016.

On the company’s financial health, Newell Rubbermaid reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.72. The company had revenue of $3858.90 million for the quarter, compared to analysts expectations of $3722.77 million. The company’s revenue was up 147.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Newell Rubbermaid opened for trading at $51.82 and hit $53.75 on the upside on Friday, eventually ending the session at $52.46, with a gain of 6.22% or 3.07 points. The heightened volatility saw the trading volume jump to 1,15,12,660 shares. Company has a market cap of $14,070 M.

In a different news, on Jun 24, 2016, Ian G H Ashken (director) sold 346,781 shares at $48.51 per share price. According to the SEC, on Jun 3, 2016, Sole Domenico De (director) purchased 4,180 shares at $47.79 per share price. On May 25, 2016, William A Iii Burke (President, Jarden Group) sold 26,000 shares at $47.59 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.

Newell Rubbermaid

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