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Tupperware Brands Corporation
TUP Details
Tupperware Brands Corporation (NYSE: TUP) is a global consumer goods company that develops innovative and environmentally responsible products. TUP produces and distributes culinary, home storage, and cosmetic products under the trademark name "Tupperware". It sells products primarily through its 3.2 million independent distributors in approximately 80 countries.
Why Investor Should Exit?
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
Source: Analysis by Kalkine Group
Stock Recommendation:
TUP' stock price has increased 32.46% in the past three months and is currently trading close to the mid-point of its 52-week range of USD 29.20 to USD 13.28. The stock is currently trading above its 50 and 200 DMA levels, and its RSI Index is at ~61.35. We have valued the stock using the EV/Sales multiple-based relative valuation methodology and arrived at a target price of USD 16.29.
Considering the fall in the bottom line, top line stress, high average inventory days, high leverage, and current valuation, we recommend a "sell" rating on the stock at the current price of USD 20.09 as of April 12, 2022, at 08:00 AM PDT.
Technical Summary Analysis:
TUP’s Technical Price Chart (as of April 12, 2022, at 10:00 AM ET). Source: REFINITIV, Analysis by Kalkine Group
Note 1: The reference data in this report has been partly sourced from REFINITIV.