The Container Store Group Inc. (TCS) Sees Unusually-High Trading Volume
The Container Store Group Inc. (NYSE:TCS) saw unusually-strong trading volume on Monday . Approximately 344,616 shares changed hands during trading, an increase of 49% from the previous session’s volume of 231,627 shares.The stock last traded at $5.38 and had previously closed at $5.53.
A number of research analysts have weighed in on TCS shares. Zacks Investment Research raised The Container Store Group from a “strong sell” rating to a “buy” rating and set a $8.50 target price for the company in a report on Friday, April 29th. Jefferies Group reaffirmed a “hold” rating on shares of The Container Store Group in a report on Tuesday, April 26th. Finally, Goldman Sachs Group Inc. lifted their target price on The Container Store Group from $5.75 to $7.50 and gave the company a “neutral” rating in a report on Tuesday, April 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $10.39.
The stock has a market capitalization of $256.73 million and a price-to-earnings ratio of 50.00. The stock has a 50 day moving average of $5.42 and a 200 day moving average of $5.48.
The Container Store Group, Inc is a specialty retailer of storage and organization products in the United States. The Company is the original storage and organization specialty retailer. The Company operates in two segments: TCS and Elfa. TCS segment consists of its retail stores, ebsite and call center.
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