Tupperware Brands Corp. Stock Rating Lowered by BMO Capital Markets (TUP)
Tupperware Brands Corp. (NYSE:TUP) was downgraded by investment analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $91.00 price objective on the stock. BMO Capital Markets’ price objective points to a potential upside of 6.07% from the company’s current price. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on TUP. 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. Separately, 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. Finally, analysts at B. Riley raised their price target on shares of Tupperware Brands Corp. from $65.00 to $70.00 in a research note to investors on Tuesday, June 25th. They now have a “buy” rating on the stock.
Five 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 “Buy” and a consensus target price of $86.00.
Tupperware Brands Corp. (NYSE:TUP) traded down 3.17% on Wednesday, hitting $83.07. 204,983 shares of the company’s stock traded hands. Tupperware Brands Corp. has a 52-week low of $52.36 and a 52-week high of $88.18. The stock has a 50-day moving average of $82.83 and a 200-day moving average of $80.60. The company has a market cap of $4.296 billion and a P/E ratio of 18.41.
Tupperware Brands Corp. (NYSE:TUP) last released its earnings data on Wednesday, July 24th. The company reported $1.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.44 by $0.02. The company had revenue of $688.00 million for the quarter, compared to the consensus estimate of $677.40 million. During the same quarter in the prior year, the company posted $1.31 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that Tupperware Brands Corp. will post $5.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 4th. Shareholders of record on Wednesday, September 18th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Monday, September 16th.
In other Tupperware Brands Corp. news, VP Teresa Burchfield sold 2,500 shares of the company’s stock on the open market in a transaction that occured on Wednesday, August 14th. The shares were sold at an average price of $87.48, for a total transaction of $218,700.00. Following the completion of the transaction, the vice president now directly owns 5,665 shares in the company. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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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