Container Store Group Receives Consensus Rating of “Hold” from Analysts (NYSE:TCS)
Container Store Group (NYSE:TCS) has been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the company, AnalystRatingsNetwork.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $37.25.
Shares of Container Store Group (NYSE:TCS) traded up 0.78% on Tuesday, hitting $29.67. The stock had a trading volume of 54,907 shares. Container Store Group has a 52-week low of $25.16 and a 52-week high of $47.07. The stock’s 50-day moving average is $27.48 and its 200-day moving average is $34.12. The company’s market cap is $1.423 billion.
Container Store Group (NYSE:TCS) last announced its earnings results on Monday, April 28th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.05. The company had revenue of $216.80 million for the quarter, compared to the consensus estimate of $222.00 million. Container Store Group’s revenue was down .1% compared to the same quarter last year. Analysts expect that Container Store Group will post $0.57 EPS for the current fiscal year.
A number of analysts have recently weighed in on TCS shares. Analysts at Morgan Stanley initiated coverage on shares of Container Store Group in a research note on Tuesday. They set an “equal weight” rating and a $30.00 price target on the stock. Separately, analysts at Guggenheim reiterated a “neutral” rating on shares of Container Store Group in a research note on Tuesday, April 29th. They now have a $35.00 price target on the stock, down previously from $37.00. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Container Store Group in a research note on Tuesday, April 29th. They now have a $32.00 price target on the stock.
The Container Store Group, Inc is a specialty retailer of storage and organization products in the United States.
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