Citigroup Boosts Tupperware Brands (NYSE:TUP) Price Target to $17.00
Tupperware Brands (NYSE:TUP) had its target price hoisted by Citigroup from $2.90 to $17.00 in a research report report published on Thursday morning, BenzingaRatingsTable reports. Citigroup currently has a neutral rating on the stock.
A number of other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Tupperware Brands from a hold rating to a buy rating and set a $4.25 price objective for the company in a report on Friday, May 29th. Sidoti started coverage on shares of Tupperware Brands in a report on Tuesday, June 2nd. They issued a buy rating and a $11.00 price objective for the company. Finally, ValuEngine lowered shares of Tupperware Brands from a sell rating to a strong sell rating in a report on Thursday.
TUP stock opened at $15.43 on Thursday. The firm has a 50 day moving average price of $6.58 and a 200-day moving average price of $4.61. Tupperware Brands has a 52-week low of $1.15 and a 52-week high of $16.94. The firm has a market capitalization of $756.22 million, a price-to-earnings ratio of -90.76 and a beta of 2.73.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC bought a new stake in Tupperware Brands in the 1st quarter worth approximately $26,000. Point72 Hong Kong Ltd grew its position in Tupperware Brands by 489.1% in the 4th quarter. Point72 Hong Kong Ltd now owns 3,582 shares of the company’s stock worth $31,000 after purchasing an additional 2,974 shares during the period. PNC Financial Services Group Inc. grew its position in Tupperware Brands by 314.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 21,174 shares of the company’s stock worth $34,000 after purchasing an additional 16,067 shares during the period. Dorsey & Whitney Trust CO LLC bought a new stake in Tupperware Brands in the 1st quarter worth approximately $35,000. Finally, Public Employees Retirement Association of Colorado grew its position in Tupperware Brands by 180.6% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 22,205 shares of the company’s stock worth $36,000 after purchasing an additional 14,293 shares during the period. Institutional investors own 71.24% of the company’s stock.
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.
Further Reading: CBOE Russell 2000® Volatility Index
Receive News & Ratings for Tupperware Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tupperware Brands and related companies with MarketBeat.com's FREE daily email newsletter.