Deutsche Bank Maintains Newell Rubbermaid to Buy with Price Target $60.00

Brokerage firm Deutsche Bank Maintains its rating on Newell Rubbermaid(NYSE:NWL). In a research note issued to the investors, the brokerage major Raises the price-target to $60.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Aug 1, 2016.

In a different note, On Aug 1, 2016, Citigroup said it Maintains its rating on Newell Rubbermaid. In the research note, the firm Raises the price-target to $56.00 per share. The shares have been rated ‘Buy’ by the firm.

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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