Tempur Sealy International, Inc. (NYSE:TPX) has received an average recommendation of “Hold” from the seventeen brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $62.13.
A number of research firms have commented on TPX. Zacks Investment Research downgraded shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. SunTrust Banks, Inc. reissued a “hold” rating and set a $60.00 target price on shares of Tempur Sealy International in a research report on Monday, October 2nd. Stifel Nicolaus raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and raised their target price for the company from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Finally, Piper Jaffray Companies set a $61.00 target price on shares of Tempur Sealy International and gave the company a “hold” rating in a research report on Thursday, July 27th.
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Shares of Tempur Sealy International (NYSE TPX) opened at 66.39 on Friday. The firm has a 50-day moving average of $63.88 and a 200-day moving average of $55.07. The stock has a market cap of $3.58 billion, a PE ratio of 18.72 and a beta of 1.67. Tempur Sealy International has a one year low of $39.57 and a one year high of $70.45.
Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, July 27th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $659.30 million for the quarter, compared to the consensus estimate of $661.65 million. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The company’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. On average, equities research analysts expect that Tempur Sealy International will post $3.28 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in Tempur Sealy International by 14.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after purchasing an additional 273 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Tempur Sealy International by 12.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $116,000 after purchasing an additional 234 shares during the last quarter. Sei Investments Co. grew its position in Tempur Sealy International by 23.1% during the 2nd quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock worth $120,000 after purchasing an additional 421 shares during the last quarter. NEXT Financial Group Inc grew its position in Tempur Sealy International by 9,500.0% during the 2nd quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock worth $128,000 after purchasing an additional 2,375 shares during the last quarter. Finally, James Investment Research Inc. purchased a new stake in Tempur Sealy International during the 2nd quarter worth approximately $183,000.
About Tempur Sealy International
Tempur Sealy International, Inc is a bedding manufacturer. The Company develops, manufactures, markets and distributes bedding products. The Company operates in two segments: North America and International. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada.
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