Stock analysts at BofA/Merrill lifted target price for Tupperware Brands Corporation (NYSE:TUP) shares but reaffirmed their Underperform recommendation for the stock in their opinion released on June 19. The price target has been increased from $24 to $20. Argus analysts have downgraded their rating of TUP shares from Hold to Sell in a separate flash note to investors on July 31. Analysts at B. Riley & Co. issued an upgrade for the stock to Neutral from previous rating of Sell, in a research note that dated back to January 31.
Let’s take a glimpse at some insider activity at Tupperware Brands Corporation (NYSE:TUP) and observe the pattern. The earliest insider trade happened on 11/15/2019. FENNE STEIN OVE gathered a total of 11.56 thousand shares of the firm at average share price of $8.74. The total amount for the purchase was set at $100.99 thousand. On completing this exchange, the Group President account balance was 29.2 thousand shares. The stock grew 1.03 percent from that insider purchase. On 08/02/2019, GOINGS E V, Director, did a purchase of 33.5 thousand shares at a price of $15 per share. This increased 502.5 thousand shares to the insider’s fortune and the stock experienced a -41.13 percent retreat in price since the news became public. This exchange saw 103.85 thousand shares get into the Director account. On 07/26/2019, Director CLONINGER KRISS III recorded a purchase transaction valued at $60 thousand. The purchase at $15 a share has added 4 thousand shares into the insider’s portfolio position. Meanwhile, shares price witnessed -41.13 percent decrease since the transaction reporting date. The company insider is left with 57.41 thousand shares remaining in the account. GOINGS E V, who works as Executive Chairman at the company, performed a purchase of 3.7 thousand shares in a transaction worth $99.6 thousand. The acquisition recorded on 02/08/2019 was priced at $26.92 per share. The stock price plunged -67.2 percent since the transaction. GOINGS E V currently holds a stake of 51.24 thousand in TUP stock which is worth $452.48 thousand after the insider buying.
Tupperware Brands Corporation (TUP) is most likely going to rise 28.88 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $16-month high price target. This represents a whopping 81.2 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $9.5, which means a return possibility of 7.59 percent in comparison with the closing price of the stock of $8.83 on November 25. The lowest price set for the stock is $9 — just above 1.93 percent from TUP share price now.
The stock is lingering around the initial support level of $8.59. After this, the following support is at the zone of $8.35. Up until the time the TUP stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 32.26 on the daily chart, and this may be a cause for comfort. In case the price goes below $8.35 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $9.01 level may cause a pull-back move approaching $9.19 mark.
On November 25, 2019, Tupperware Brands Corporation (NYSE:TUP) shares gained 3.27% or 0.28 points to close at $8.83 with a thin trading volume of 1.171 million shares. It opened the trading session at $8.59, the shares rose to $8.95 and dropped to $8.53, the range by which the price of stock traded the whole day. The company now has a market cap of $431 million and currently has 48.8 million outstanding shares. Tupperware Brands Corporation (TUP) stock has plunged -45.83 percent of market value in 21 trading days.
TUP stock’s trailing 3-year beta is 0.91, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was $3.1 share in the trailing 52 weeks. The stock’s value fallen -72.03 percent year to date (YTD) compared to a decline of -75.85 percent in 52 week’s period. The firm’s shares are still trading -77.2 percent below its 1-year high of $38.73 and 12.92 percent up from 52-week low of $7.82. The average consensus ranking on the company is 3.2, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a hold.
Tupperware Brands Corporation (TUP) shares are trading at a P/E ratio of 4.2 times earnings posted in the trailing 12 months. The industry TUP deals with has an average P/E of 20.6. Its P/B ratio is standing at 0X compared to the 3.5 industry average. It is additionally sporting a 0.2 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.9. Tupperware Brands Corporation has a 66.5% gross profit margin, with its operating margin around 12.2%. Alongside this, the company’s net profit margin currently stands at 5.4%.
Past records have indicated that shares in Tupperware Brands Corporation declined on 23 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of TUP’s Q4 earnings on January 29. Analysts are predicting revenue to suffer decline of -16.5 percent to $422M in the financial fourth quarter, while EPS will soar by about -64.66 percent to $0.47 per share. In the last quarter, it earnings of $0.43 per share came worse than the $0.90923, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $418.1M, missing the $437.29M analysts had expected. Earnings are seen to rise by 90.7 percent this year, -5.54 percent in the coming year and the trend continues by 12 percent every year in the next 5 years.