Citigroup Maintains Newell Rubbermaid to Buy with Price Target $61.00

Brokerage firm Citigroup Maintains its rating on Newell Rubbermaid(NYSE:NWL). In a research note issued to the investors, the brokerage major Raises the price-target to $61.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Aug 1, 2016.

Newell Rubbermaid (NWL) made into the market gainers list on Mondays trading session with the shares advancing 0.76% or 0.41 points. Due to strong positive momentum, the stock ended at $54.16, which is also near the day’s high of $54.41. The stock began the session at $54.09 and the volume stood at 37,80,782 shares. The 52-week high of the shares is $54.53 and the 52 week low is $33.26. The company has a current market capitalization of $14,526 M and it has 26,82,00,000 shares in outstanding.

Newell Rubbermaid(NWL) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.86B. Analysts had an estimated revenue of $3.76B. Earnings per share were $0.78. Analysts had estimated an EPS of $0.72.

Several Insider Transactions has been reported to the SEC. On Jun 24, 2016, Ian G H Ashken (director) sold 346,781 shares at $48.51 per share price.Also, 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.

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