Tupperware Brands (TUP) Receives $58.50 Average Price Target from Analysts

Shares of Tupperware Brands (NYSE:TUP) have earned an average rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $58.50.

A number of research firms recently issued reports on TUP. Zacks Investment Research raised Tupperware Brands from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Friday, January 12th. ValuEngine downgraded Tupperware Brands from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Citigroup lowered their target price on Tupperware Brands from $62.00 to $56.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 13th. Morgan Stanley lowered their target price on Tupperware Brands from $72.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st. Finally, Bank of America lowered their target price on Tupperware Brands from $63.00 to $55.00 and set an “underperform” rating on the stock in a research report on Thursday, February 22nd.

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In other Tupperware Brands news, Director David R. Parker purchased 3,000 shares of the stock in a transaction on Thursday, April 12th. The shares were purchased at an average price of $41.70 per share, with a total value of $125,100.00. Following the completion of the transaction, the director now directly owns 24,039 shares in the company, valued at $1,002,426.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.42% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of TUP. Goldman Sachs Group Inc. grew its position in shares of Tupperware Brands by 24.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 846,881 shares of the company’s stock valued at $53,099,000 after purchasing an additional 168,535 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Tupperware Brands in the fourth quarter valued at approximately $10,262,000. Bank of New York Mellon Corp grew its position in shares of Tupperware Brands by 15.4% in the fourth quarter. Bank of New York Mellon Corp now owns 976,323 shares of the company’s stock valued at $61,216,000 after purchasing an additional 130,092 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Tupperware Brands in the fourth quarter valued at approximately $7,455,000. Finally, BlackRock Inc. grew its position in shares of Tupperware Brands by 1.4% in the fourth quarter. BlackRock Inc. now owns 8,212,037 shares of the company’s stock valued at $514,894,000 after purchasing an additional 110,580 shares during the last quarter. 84.86% of the stock is currently owned by institutional investors.

NYSE:TUP opened at $42.45 on Friday. The company has a debt-to-equity ratio of -5.07, a quick ratio of 0.56 and a current ratio of 0.96. The stock has a market capitalization of $2,132.08, a P/E ratio of 8.62, a P/E/G ratio of 0.75 and a beta of 1.51. Tupperware Brands has a 52-week low of $40.78 and a 52-week high of $74.36.

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, beating analysts’ consensus estimates of $1.50 by $0.09. The business had revenue of $588.60 million for the quarter, compared to the consensus estimate of $601.99 million. Tupperware Brands had a positive return on equity of 160.65% and a negative net margin of 11.77%. Tupperware Brands’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 earnings per share. analysts anticipate that Tupperware Brands will post 4.62 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Tuesday, March 20th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend was Monday, March 19th. Tupperware Brands’s dividend payout ratio (DPR) is presently 56.20%.

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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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