Container Store Group Receives Consensus Rating of “Hold” from Brokerages (NYSE:TCS)
Container Store Group (NYSE:TCS) has earned an average rating of “Hold” from the eleven brokerages that are currently covering the company, AmericanBankingNews.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $28.33.
TCS has been the subject of a number of recent research reports. Analysts at Paradigm Capital initiated coverage on shares of Container Store Group in a research note on Tuesday, July 22nd. They set a “buy” rating and a $10.00 price target on the stock. Separately, analysts at BB&T Corp. initiated coverage on shares of Container Store Group in a research note on Wednesday, July 16th. They set a “hold” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Container Store Group in a research note on Thursday, July 10th. They now have a $25.00 price target on the stock, down previously from $30.00.
Container Store Group (NYSE:TCS) opened at 22.44 on Tuesday. Container Store Group has a one year low of $20.32 and a one year high of $47.07. The stock has a 50-day moving average of $24.29 and a 200-day moving average of $30.22. The company’s market cap is $1.077 billion.
Container Store Group (NYSE:TCS) last posted its quarterly earnings results on Tuesday, July 8th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Container Store Group will post $0.49 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.
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