Tupperware Brands (NYSE:TUP) had its target price decreased by Bank of America from $55.00 to $47.00 in a research note published on Tuesday. Bank of America currently has an underperform rating on the stock.
A number of other research firms have also recently issued reports on TUP. SunTrust Banks cut their target price on Tupperware Brands to $64.00 and set a hold rating on the stock in a research note on Thursday, February 1st. Zacks Investment Research cut Tupperware Brands from a buy rating to a sell rating in a research note on Wednesday, December 27th. Morgan Stanley cut their target price on Tupperware Brands from $66.00 to $60.00 and set an equal weight rating on the stock in a research note on Thursday, April 5th. ValuEngine upgraded Tupperware Brands from a hold rating to a buy rating in a research note on Thursday, January 4th. Finally, Citigroup cut their target price on Tupperware Brands from $62.00 to $56.00 and set a neutral rating on the stock in a research note on Tuesday, March 13th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Tupperware Brands has an average rating of Hold and an average target price of $60.29.
Shares of TUP opened at $41.76 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of -5.07. The firm has a market cap of $2,126.46, a P/E ratio of 8.60, a PEG ratio of 0.75 and a beta of 1.52. Tupperware Brands has a 12-month low of $40.78 and a 12-month high of $74.36.
Tupperware Brands (NYSE:TUP) last posted 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 company had revenue of $588.60 million for the quarter, compared to analysts’ expectations of $601.99 million. Tupperware Brands had a positive return on equity of 160.65% and a negative net margin of 11.77%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $1.45 earnings per share. analysts predict that Tupperware Brands will post 4.62 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date of this dividend was Monday, March 19th. Tupperware Brands’s dividend payout ratio (DPR) is 56.20%.
Several institutional investors and hedge funds have recently modified their holdings of TUP. Steward Partners Investment Advisory LLC acquired a new position in shares of Tupperware Brands during the third quarter valued at $102,000. Ffcm LLC increased its holdings in shares of Tupperware Brands by 1,021.1% during the fourth quarter. Ffcm LLC now owns 1,704 shares of the company’s stock valued at $107,000 after purchasing an additional 1,552 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Tupperware Brands by 183.3% during the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the company’s stock valued at $107,000 after purchasing an additional 1,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Tupperware Brands by 48.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,804 shares of the company’s stock valued at $176,000 after purchasing an additional 915 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Tupperware Brands during the fourth quarter valued at $177,000. 84.85% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION WARNING: “Tupperware Brands (TUP) Price Target Cut to $47.00 by Analysts at Bank of America” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/04/13/tupperware-brands-tup-price-target-cut-to-47-00-by-analysts-at-bank-of-america.html.
Tupperware Brands Company Profile
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.
Receive News & Ratings for Tupperware Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tupperware Brands and related companies with MarketBeat.com's FREE daily email newsletter.