JP Morgan Initiates Coverage On Newell Rubbermaid to Overweight with Price Target $63

JP Morgan Initiates Coverage On Newell Rubbermaid(NWL). In a research note issued to the investors, the brokerage major Announces the price-target to $63 per share. The shares have been rated Overweight. The rating by the stock financial advisor at JP Morgan was issued on Mar 21, 2017 in a research report to their Investors and Clients.

Newell Rubbermaid (NWL) shares turned negative on Fridays trading session with the shares closing down -0.22 points or -0.46% at a volume of 24,37,243. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $48.13. The peak price level was also seen at $48.13 while the days lowest was $47.56. Finally the shares closed at $47.67. The 52-week high of the shares is $55.45 while the 52-week low is $42.72. According to the latest information available, the market cap of the company is $22,996 M.

Newell Rubbermaid(NWL) last announced its earnings results on Feb 6, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $4.136B. Analysts had an estimated revenue of $4.290B. Earnings per share were $0.8. Analysts had estimated an EPS of $0.8.

Several Insider Transactions has been reported to the SEC. On Mar 15, 2017, Martin E Franklin (director) sold 340,000 shares at $48.31 per share price.Also, On Mar 15, 2017, Ian G H Ashken (director) sold 51,000 shares at $48.23 per share price.On Feb 9, 2017, Raymond G Viault (director) purchased 1,630 shares at $45.96 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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