Morgan Stanley Trims Tupperware Brands (TUP) Target Price to $60.00

Tupperware Brands (NYSE:TUP) had its target price lowered by research analysts at Morgan Stanley from $66.00 to $60.00 in a note issued to investors on Thursday. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 26.74% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Wednesday, December 13th. ValuEngine raised shares of Tupperware Brands from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. SunTrust Banks dropped their target price on shares of Tupperware Brands to $64.00 and set a “hold” rating for the company in a report on Thursday, February 1st. Citigroup dropped their target price on shares of Tupperware Brands from $62.00 to $56.00 and set a “neutral” rating for the company in a report on Tuesday, March 13th. Finally, Bank of America dropped their target price on shares of Tupperware Brands from $63.00 to $55.00 and set an “underperform” rating for the company in a report on Thursday, February 22nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $63.29.

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Tupperware Brands stock opened at $47.34 on Thursday. Tupperware Brands has a 52-week low of $46.00 and a 52-week high of $74.36. The firm has a market cap of $2,447.98, a PE ratio of 9.78, a price-to-earnings-growth ratio of 0.77 and a beta of 1.52. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of -5.07.

Tupperware Brands (NYSE:TUP) last released its earnings results on Wednesday, January 31st. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.09. Tupperware Brands had a negative net margin of 11.77% and a positive return on equity of 160.65%. The business had revenue of $588.60 million during the quarter, compared to analyst estimates of $601.99 million. During the same quarter in the prior year, the firm earned $1.45 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. equities research analysts anticipate that Tupperware Brands will post 5.16 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Tupperware Brands during the 3rd quarter valued at about $102,000. Ffcm LLC boosted its position in shares of Tupperware Brands by 1,021.1% during the 4th quarter. Ffcm LLC now owns 1,704 shares of the company’s stock valued at $107,000 after acquiring an additional 1,552 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Tupperware Brands by 183.3% during the 4th quarter. Macquarie Group Ltd. now owns 1,700 shares of the company’s stock valued at $107,000 after acquiring an additional 1,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Tupperware Brands by 48.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,804 shares of the company’s stock valued at $176,000 after acquiring an additional 915 shares during the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Tupperware Brands during the 4th quarter valued at about $177,000. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

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About Tupperware Brands

Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.

Analyst Recommendations for Tupperware Brands (NYSE:TUP)

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