Could Tupperware Brands Corporation (TUP) Go Up After Achieving 1 Year Low?

March 15, 2018 - By Maria Brooks

Investors sentiment increased to 1.23 in 2017 Q3. Its up 0.11, from 1.12 in 2017Q2. It increased, as 48 investors sold Tupperware Brands Corporation shares while 91 reduced holdings. 53 funds opened positions while 118 raised stakes. 40.08 million shares or 2.73% less from 41.21 million shares in 2017Q2 were reported.
Cove Street Limited Liability Corp holds 1.91% or 277,181 shares in its portfolio. Sei Investments Com holds 0.01% of its portfolio in Tupperware Brands Corporation (NYSE:TUP) for 56,077 shares. Centurylink Inv Mgmt Communication reported 0.44% stake. Loews Corporation invested in 3,882 shares. State Street Corporation invested 0.01% in Tupperware Brands Corporation (NYSE:TUP). 5,711 are held by Profund Advsrs Ltd Liability Corp. Jpmorgan Chase And invested in 191,578 shares. Bb&T Corporation has invested 0.02% in Tupperware Brands Corporation (NYSE:TUP). Scotia Cap holds 0.01% or 13,201 shares in its portfolio. Raymond James Ser Advsrs Incorporated reported 0.02% in Tupperware Brands Corporation (NYSE:TUP). Brinker, Pennsylvania-based fund reported 9,422 shares. Vulcan Value Prtnrs Ltd Llc reported 491,112 shares. Boston Private Wealth, Massachusetts-based fund reported 58,871 shares. Lpl Limited Liability Corporation holds 93,205 shares. 20,000 were accumulated by State Of Tennessee Treasury Department.

Since October 2, 2017, it had 0 buys, and 1 sale for $123,123 activity.

The stock of Tupperware Brands Corporation (NYSE:TUP) hit a new 52-week low and has $46.67 target or 4.00 % below today’s $48.61 share price. The 8 months bearish chart indicates high risk for the $2.49B company. The 1-year low was reported on Mar, 15 by If the $46.67 price target is reached, the company will be worth $99.40M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 0.37% or $0.18 during the last trading session, reaching $48.61. About 997,807 shares traded or 48.47% up from the average. Tupperware Brands Corporation (NYSE:TUP) has risen 29.01% since March 15, 2017 and is uptrending. It has outperformed by 12.31% the S&P500.

Analysts await Tupperware Brands Corporation (NYSE:TUP) to report earnings on April, 24. They expect $1.05 earnings per share, up 3.96 % or $0.04 from last year’s $1.01 per share. TUP’s profit will be $53.68 million for 11.57 P/E if the $1.05 EPS becomes a reality. After $1.59 actual earnings per share reported by Tupperware Brands Corporation for the previous quarter, Wall Street now forecasts -33.96 % negative EPS growth.

Tupperware Brands Corporation (NYSE:TUP) Ratings Coverage

Among 9 analysts covering Tupperware Brands Corporation (NYSE:TUP), 1 have Buy rating, 1 Sell and 7 Hold. Therefore 11% are positive. Tupperware Brands Corporation had 23 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Thursday, February 1 with “Equal-Weight”. As per Friday, February 26, the company rating was downgraded by KeyBanc Capital Markets. B. Riley & Co upgraded the stock to “Neutral” rating in Tuesday, January 31 report. Morgan Stanley maintained the shares of TUP in report on Thursday, October 26 with “Equal-Weight” rating. KeyBanc Capital Markets maintained the shares of TUP in report on Tuesday, November 21 with “Hold” rating. The stock of Tupperware Brands Corporation (NYSE:TUP) has “Hold” rating given on Thursday, January 25 by SunTrust. The stock of Tupperware Brands Corporation (NYSE:TUP) has “Neutral” rating given on Thursday, October 22 by B. Riley & Co. B. Riley & Co downgraded Tupperware Brands Corporation (NYSE:TUP) rating on Monday, November 28. B. Riley & Co has “Sell” rating and $47 target. As per Thursday, January 28, the company rating was downgraded by Piper Jaffray. The stock of Tupperware Brands Corporation (NYSE:TUP) earned “Underperform” rating by Bank of America on Thursday, October 8.

Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories worldwide. The company has market cap of $2.49 billion. The firm 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 clients under the Tupperware brand name. It currently has negative earnings. It also makes and distributes skin and hair care products, cosmetics, bath and body care, toiletries, fragrances, jewelry, and nutritional products under the Avroy Shlain, NaturCare, Nutrimetics, Fuller, BeautiControl, Armand Dupree, Fuller Cosmetics, Del Baul de la Abuela, Natural Forte, Fuller Royal Jelly, Nutri-Rich, NC Express, and Nuvo brands.

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