Equities researchers at Janney Montgomery Scott upped their price objective on shares of Tupperware Brands Corp. (NYSE:TUP) from $74.00 to $80.00 in a research report issued on Thursday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Janney Montgomery Scott’s price objective would suggest a potential downside of 3.79% from the stock’s previous close.
Tupperware Brands Corp. (NYSE: TUP) traded up 0.02% on Thursday, hitting $83.15. Tupperware Brands Corp. has a 1-year low of $50.90 and a 1-year high of $85.22. The stock’s 50-day moving average is currently $79.43. The company has a market cap of $4.398 billion and a price-to-earnings ratio of 24.08.
Tupperware Brands Corp. (NYSE:TUP) last announced its earnings results on Wednesday, July 24th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.02. The company had revenue of $688.00 million for the quarter, compared to the consensus estimate of $677.40 million. During the same quarter last year, the company posted $1.31 earnings per share. Tupperware Brands Corp.’s revenue was up 7.7% compared to the same quarter last year. Tupperware Brands Corp. has set its Q3 guidance at $0.99-1.04 EPS and its FY13 guidance at $5.44-5.54 EPS. Analysts expect that Tupperware Brands Corp. will post $5.58 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TUP. Analysts at BMO Capital Markets raised their price target on shares of Tupperware Brands Corp. from $88.00 to $91.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Analysts at B. Riley raised their price target on shares of Tupperware Brands Corp. from $65.00 to $70.00 in a research note to investors on Tuesday, June 25th. They now have a “buy” rating on the stock.
Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $84.29.
Tupperware Brands Corporation (NYSE: TUP) is a global direct seller of products across multiple brands and categories through an independent sales force of 2.