Container Store Group Receives Outperform Rating from Credit Suisse (TCS)
Container Store Group (NYSE:TCS)‘s stock had its “outperform” rating restated by investment analysts at Credit Suisse in a note issued to investors on Wednesday. They currently have a $32.00 price target on the stock, down from their previous price target of $45.00. Credit Suisse’s price objective points to a potential upside of 29.03% from the company’s current price.
Container Store Group (NYSE:TCS) traded down 8.39% during mid-day trading on Wednesday, hitting $24.80. 3,322,068 shares of the company’s stock traded hands. Container Store Group has a 52 week low of $25.16 and a 52 week high of $47.07. The stock has a 50-day moving average of $27.88 and a 200-day moving average of $33.13. The company’s market cap is $1.189 billion.
Container Store Group (NYSE:TCS) last issued its quarterly earnings data on Tuesday, July 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.01. The company had revenue of $173.40 million for the quarter, compared to the consensus estimate of $174.20 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that Container Store Group will post $0.57 earnings per share for the current fiscal year.
TCS has been the subject of a number of other recent research reports. Analysts at Barclays cut their price target on shares of Container Store Group from $32.00 to $26.00 in a research note on Wednesday. They now have an “equal weight” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Container Store Group from $24.00 to $29.00 in a research note on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Container Store Group in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $30.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Container Store Group currently has an average rating of “Hold” and an average target price of $31.88.
The Container Store Group, Inc is a specialty retailer of storage and organization products in the United States.
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