Tupperware Brands Corp. Stock Rating Upgraded by S&P Equity Research (TUP)
Tupperware Brands Corp. (NYSE:TUP) was upgraded by equities research analysts at S&P Equity Research to a “buy” rating in a research note issued to investors on Wednesday, StockRatingsNetwork.com reports.
Shares of Tupperware Brands Corp. (NYSE:TUP) traded up 1.14% during mid-day trading on Wednesday, hitting $90.4675. 151,191 shares of the company’s stock traded hands. Tupperware Brands Corp. has a 1-year low of $65.40 and a 1-year high of $97.14. The stock has a 50-day moving average of $92.83 and a 200-day moving average of $87.36. The company has a market cap of $4.583 billion and a P/E ratio of 18.71.
Tupperware Brands Corp. (NYSE:TUP) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.00 EPS for the quarter, missing the Thomson Reuters 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 previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts expect that Tupperware Brands Corp. will post $5.48 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at KeyCorp initiated coverage on shares of Tupperware Brands Corp. in a research note to investors on Monday, December 16th. They set a “buy” rating on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of Tupperware Brands Corp. from $91.00 to $88.00 in a research note to investors on Thursday, October 24th. They now have a “market perform” rating on the stock. Finally, analysts at Bank of America Corp. downgraded shares of Tupperware Brands Corp. to a “neutral” rating in a research note to investors on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $84.33.
In other Tupperware Brands Corp. news, CFO Michael Poteshman sold 2,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $94.50, for a total value of $189,000.00. Following the transaction, the chief financial officer now directly owns 36,576 shares in the company, valued at approximately $3,456,432. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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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