Price Target Update: Tupperware Brands Corporation (NYSE:TUP)

Price Target Update: Tupperware Brands Corporation (NYSE:TUP)

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Zacks Research report shows that the shares of Tupperware Brands Corporation (NYSE:TUP) have been assigned the bullish price target of $70 by the sell-side analysts. The brokerage firms surveyed by Zacks have set the price target of the stock at $64.142. The market estimates represent the view of 7 brokerage firms that have provided the 12-month price projections on the company’s shares. On the other hand, the most bearish one-year price target for the stock is set at $56.

The Buy, Sell, Hold ratings provided by each of the brokerage firms is converted into a simplified scale by Zacks, which is represented as the average brokerage recommendation (ABR) for a stock. The rating system assigns a score in between 1 to 5 to a stock, where 1 denotes a Strong Buy and 5 a Strong Sell. Based on this scale, Tupperware Brands Corporation (NYSE:TUP) shares have been assigned a rating of 2.63 as per Zacks ABR.

A company’s earnings are one of the influential factors for a stock’s future movement. In its most recent fiscal quarter for the period ended on 2015-09-30, Tupperware Brands Corporation (NYSE:TUP) reported earnings of $1.4. The posted earnings came $0.09 below the Zacks market consensus, resulting in a surprise factor of 12.86%.

For the upcoming quarter, the analysts are eyeing earnings per share of $1.4 for the company. The earnings estimate represents the market view of 7 brokerage firms, which were polled by Zacks.

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