Tupperware Brands Corp. (NYSE:TUP) was downgraded by Bank of America Corp. to a “neutral” rating in a research note issued on Wednesday, AnalystRatingsNetwork reports.
A number of other firms have also recently commented on TUP. Analysts at BMO Capital Markets downgraded shares of Tupperware Brands Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, August 21st. They now have a $91.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Argus raised their price target on shares of Tupperware Brands Corp. from $94.00 to $98.00 in a research note to investors on Thursday, August 8th. They now have a “buy” rating on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Tupperware Brands Corp. from $74.00 to $80.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $86.00.
Tupperware Brands Corp. (NYSE:TUP) traded down 5.08% during mid-day trading on Wednesday, hitting $89.41. The stock had a trading volume of 801,848 shares. Tupperware Brands Corp. has a 52-week low of $52.36 and a 52-week high of $88.18. The stock’s 50-day moving average is $84.32 and its 200-day moving average is $81.29. The company has a market cap of $4.623 billion and a P/E ratio of 20.21.
Tupperware Brands Corp. (NYSE:TUP) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by $0.03. The company had revenue of $603.00 million for the quarter, compared to the consensus estimate of $622.85 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts expect that Tupperware Brands Corp. will post $5.54 EPS for the current fiscal year.
Tupperware Brands Corporation (NYSE:TUP) is a global direct seller of products across multiple brands and categories through an independent sales force of 2.
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