Container Store Group Receives Equal Weight Rating from Morgan Stanley (TCS)
Container Store Group (NYSE:TCS)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Morgan Stanley in a research note issued to investors on Thursday. They currently have a $25.00 target price on the stock, down from their previous target price of $30.00. Morgan Stanley’s price target suggests a potential upside of 1.71% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group cut their price target on shares of Container Store Group from $29.00 to $24.00 in a research note on Thursday. Separately, analysts at JPMorgan Chase & Co. set a $28.00 price target on shares of Container Store Group in a research note on Wednesday. They now have an “overweight” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Container Store Group in a research note on Wednesday. They now have a $32.00 price target on the stock, down previously from $45.00. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $30.63.
Container Store Group (NYSE:TCS) traded down 0.89% during mid-day trading on Thursday, hitting $24.58. 724,967 shares of the company’s stock traded hands. Container Store Group has a one year low of $22.88 and a one year high of $47.07. The stock has a 50-day moving average of $27.82 and a 200-day moving average of $33.00. The company’s market cap is $1.179 billion. Container Store Group also saw some unusual options trading on Wednesday. Traders acquired 3,734 put options on the stock. This represents an increase of 492% compared to the typical daily volume of 631 put options.
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 $0.50 earnings per share for the current fiscal year.
The Container Store Group, Inc is a specialty retailer of storage and organization products in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.