Morgan Stanley Trims Tupperware Brands (TUP) Target Price to $47.00

Tupperware Brands (NYSE:TUP) had its price target decreased by Morgan Stanley from $60.00 to $47.00 in a report published on Wednesday. Morgan Stanley currently has an equal weight rating on the stock.

TUP has been the subject of several other reports. Zacks Investment Research upgraded Tupperware Brands from a hold rating to a buy rating and set a $71.00 target price for the company in a research report on Friday, January 12th. ValuEngine downgraded Tupperware Brands from a buy rating to a hold rating in a research report on Friday, February 2nd. Citigroup decreased their target price on Tupperware Brands from $62.00 to $56.00 and set a neutral rating for the company in a research report on Tuesday, March 13th. Bank of America decreased their target price on Tupperware Brands from $63.00 to $55.00 and set an underperform rating for the company in a research report on Thursday, February 22nd. Finally, SunTrust Banks decreased their target price on Tupperware Brands to $64.00 and set a hold rating for the company in a research report on Thursday, February 1st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Tupperware Brands has a consensus rating of Hold and an average target price of $60.29.

NYSE:TUP opened at $41.71 on Wednesday. Tupperware Brands has a twelve month low of $40.78 and a twelve month high of $74.36. The firm has a market cap of $2,126.46, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.75 and a beta of 1.52. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of -5.07.



Tupperware Brands (NYSE:TUP) last released its earnings results on Wednesday, January 31st. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.09. Tupperware Brands had a positive return on equity of 160.65% and a negative net margin of 11.77%. The business had revenue of $588.60 million during the quarter, compared to the consensus estimate of $601.99 million. During the same period last year, the company earned $1.45 earnings per share. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. sell-side analysts anticipate that Tupperware Brands will post 4.62 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Tuesday, March 20th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, March 19th. This represents a $2.72 annualized dividend and a dividend yield of 6.52%. Tupperware Brands’s dividend payout ratio is currently 56.20%.

Several institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Tupperware Brands by 48.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,804 shares of the company’s stock valued at $176,000 after buying an additional 915 shares during the period. Butensky & Cohen Financial Security Inc. increased its stake in shares of Tupperware Brands by 3.9% during the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 26,860 shares of the company’s stock valued at $1,684,000 after buying an additional 1,015 shares during the period. Meadow Creek Investment Management LLC increased its stake in shares of Tupperware Brands by 29.1% during the fourth quarter. Meadow Creek Investment Management LLC now owns 4,686 shares of the company’s stock valued at $294,000 after buying an additional 1,056 shares during the period. Macquarie Group Ltd. increased its stake in shares of Tupperware Brands by 183.3% during the fourth quarter. Macquarie Group Ltd. now owns 1,700 shares of the company’s stock valued at $107,000 after buying an additional 1,100 shares during the period. Finally, Vident Investment Advisory LLC increased its stake in shares of Tupperware Brands by 22.9% during the third quarter. Vident Investment Advisory LLC now owns 6,849 shares of the company’s stock valued at $423,000 after buying an additional 1,277 shares during the period. Hedge funds and other institutional investors own 84.85% of the company’s stock.

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Tupperware Brands Company Profile

Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories in Europe, Africa, the Middle East, the Asia Pacific, North America, and South America. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, as well as a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items, and an array of products for on-the-go consumers under the Tupperware brand name.

Analyst Recommendations for Tupperware Brands (NYSE:TUP)

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