Tupperware Brands (TUP) Raised to Buy at ValuEngine

Tupperware Brands (NYSE:TUP) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Tupperware Brands from a “buy” rating to a “sell” rating in a report on Wednesday, December 27th. KeyCorp reaffirmed a “hold” rating on shares of Tupperware Brands in a research note on Saturday, November 25th. SunTrust Banks reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Tupperware Brands in a research note on Friday, October 27th. TheStreet raised Tupperware Brands from a “c” rating to a “b-” rating in a research note on Wednesday, October 25th. Finally, Morgan Stanley raised their price objective on Tupperware Brands from $71.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Tupperware Brands currently has an average rating of “Hold” and a consensus price target of $68.83.

Tupperware Brands (NYSE:TUP) traded down $0.52 during midday trading on Thursday, reaching $62.37. The company’s stock had a trading volume of 352,733 shares, compared to its average volume of 435,867. The stock has a market cap of $3,180.00, a PE ratio of 22.68, a PEG ratio of 1.02 and a beta of 1.75. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.52. Tupperware Brands has a fifty-two week low of $53.65 and a fifty-two week high of $74.36.

Tupperware Brands (NYSE:TUP) last released its quarterly earnings results on Wednesday, October 25th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.09. The business had revenue of $539.50 million during the quarter, compared to analysts’ expectations of $538.80 million. Tupperware Brands had a return on equity of 101.23% and a net margin of 6.18%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. equities analysts predict that Tupperware Brands will post 4.75 EPS for the current fiscal year.

In other Tupperware Brands news, Chairman E V. Goings sold 44,600 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $59.26, for a total transaction of $2,642,996.00. Following the transaction, the chairman now directly owns 54,059 shares in the company, valued at approximately $3,203,536.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas M. Roehlk sold 2,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $62.07, for a total value of $124,140.00. Following the transaction, the executive vice president now owns 10,665 shares in the company, valued at $661,976.55. The disclosure for this sale can be found here. Insiders have sold a total of 50,600 shares of company stock valued at $3,010,776 over the last three months. 3.22% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC purchased a new position in shares of Tupperware Brands in the 3rd quarter valued at $102,000. Tower Research Capital LLC TRC purchased a new position in shares of Tupperware Brands in the 2nd quarter valued at $121,000. Ffcm LLC increased its holdings in shares of Tupperware Brands by 146.1% in the 2nd quarter. Ffcm LLC now owns 1,846 shares of the company’s stock valued at $130,000 after acquiring an additional 1,096 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Tupperware Brands by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,889 shares of the company’s stock valued at $133,000 after acquiring an additional 167 shares during the period. Finally, Mckinley Capital Management LLC Delaware increased its holdings in shares of Tupperware Brands by 1,157.7% in the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 2,440 shares of the company’s stock valued at $151,000 after acquiring an additional 2,246 shares during the period. Institutional investors own 83.71% of the company’s stock.

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About Tupperware Brands

Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Tupperware Brands (NYSE:TUP)

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