Research analysts at B. Riley upped their target price on shares of Newell Rubbermaid (NYSE: NWL) from $22.00 to $24.00 in a report released on Monday.

Newell Rubbermaid traded up 0.80% on Monday, hitting $25.14. Newell Rubbermaid has a 52-week low of $16.63 and a 52-week high of $25.00. The stock’s 50-day moving average is currently $23.64. The company has a market cap of $7.200 billion and a price-to-earnings ratio of 18.26.

Newell Rubbermaid last issued its quarterly earnings data on Friday, February 1st. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.01. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Newell Rubbermaid has set its FY13 guidance at $1.78-1.84 EPS. Analysts expect that Newell Rubbermaid will post $1.82 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Newell Rubbermaid in a research note to investors on Monday, March 4th. They now have a $26.00 price target on the stock. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Newell Rubbermaid in a research note to investors on Friday, March 1st. They now have a $28.00 price target on the stock, up previously from $27.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Newell Rubbermaid in a research note to investors on Wednesday, February 6th. They now have a $25.00 price target on the stock.

Ten investment analysts have rated the stock with a buy rating, and three have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “buy” and an average price target of $26.55.

The company also recently declared a quarterly dividend, which is scheduled for Friday, March 15th. Shareholders of record on Thursday, February 28th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Tuesday, February 26th.

Newell Rubbermaid Inc. (Newell Rubbermaid) is a global marketer of consumer and commercial products. The Company’s products are marketed under a portfolio of brands, including Rubbermaid, Graco, Aprica, Levolor, Calphalon, Goody, Sharpie, Paper Mate, Dymo, Parker, Waterman, Irwin, Lenox and Technical Concepts.

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