Trade Report: The Royal Bank Of Canada Reiterates Top Pick Rating for Newell Rubbermaid Inc. (NWL)

The Royal Bank Of Canada Reiterates Top Pick Rating for Newell Rubbermaid Inc. (NWL)

Newell Rubbermaid Inc. (NYSE:NWL)‘s stock had its “top pick” rating restated by stock analysts at Royal Bank Of Canada in a research note issued on Monday. They currently have a $60.00 price objective on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 21.46% from the stock’s previous close.

NWL has been the topic of a number of other reports. B. Riley reiterated a “buy” rating and set a $60.00 price objective on shares of Newell Rubbermaid in a research note on Wednesday, October 5th. Jefferies Group reiterated a “top pick” rating and set a $66.00 price objective (up from $61.00) on shares of Newell Rubbermaid in a research note on Monday, August 1st. RBC Capital Markets reiterated a “buy” rating on shares of Newell Rubbermaid in a research note on Monday, August 1st. Bank of America Corp. set a $60.00 price objective on shares of Newell Rubbermaid and gave the company a “buy” rating in a research note on Tuesday, October 4th. Finally, Zacks Investment Research upgraded shares of Newell Rubbermaid from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Monday, October 3rd. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $58.08.

Shares of Newell Rubbermaid (NYSE:NWL) opened at 49.40 on Monday. Newell Rubbermaid has a one year low of $33.26 and a one year high of $55.45. The stock has a 50 day moving average of $51.61 and a 200 day moving average of $49.82. The stock has a market cap of $23.91 billion, a P/E ratio of 48.15 and a beta of 1.18.

Newell Rubbermaid (NYSE:NWL) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.05. Newell Rubbermaid had a net margin of 3.51% and a return on equity of 14.92%. The firm had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same period in the prior year, the firm posted $0.62 EPS. The firm’s revenue was up 158.5% compared to the same quarter last year. Equities analysts expect that Newell Rubbermaid will post $2.88 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Bbva Compass Bancshares Inc. bought a new position in shares of Newell Rubbermaid during the second quarter worth about $278,000. Calamos Advisors LLC bought a new position in shares of Newell Rubbermaid during the second quarter worth about $51,878,000. RS Investment Management Co. LLC bought a new position in shares of Newell Rubbermaid during the second quarter worth about $18,424,000. Geode Capital Management LLC raised its position in shares of Newell Rubbermaid by 2.3% in the first quarter. Geode Capital Management LLC now owns 2,149,126 shares of the company’s stock worth $94,988,000 after buying an additional 47,310 shares in the last quarter. Finally, PGGM Investments raised its position in shares of Newell Rubbermaid by 2.6% in the second quarter. PGGM Investments now owns 663,925 shares of the company’s stock worth $32,247,000 after buying an additional 16,661 shares in the last quarter. Hedge funds and other institutional investors own 93.02% of the company’s stock.

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