Tempur Sealy International, Inc. (NYSE:TPX) Earns Hold Rating from Stifel Nicolaus

Tempur Sealy International, Inc. (NYSE:TPX)‘s stock had its “hold” rating restated by research analysts at Stifel Nicolaus in a research note issued on Sunday, July 30th. They currently have a $60.00 target price on the stock, up from their previous target price of $47.00. Stifel Nicolaus’ price target points to a potential downside of 2.07% from the stock’s current price.

TPX has been the topic of several other research reports. Zacks Investment Research upgraded shares of Tempur Sealy International from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 4th. Raymond James Financial, Inc. upgraded shares of Tempur Sealy International from an “outperform” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a report on Wednesday, April 19th. KeyCorp reiterated an “equal weight” rating on shares of Tempur Sealy International in a report on Thursday, April 20th. SunTrust Banks, Inc. raised Tempur Sealy International from a “sell” rating to a “hold” rating and set a $43.00 price objective for the company in a research report on Monday, May 8th. Finally, Tigress Financial lowered Tempur Sealy International from a “buy” rating to a “neutral” rating in a research report on Thursday, May 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $61.10.

Shares of Tempur Sealy International (NYSE TPX) opened at 61.27 on Friday. Tempur Sealy International has a 12-month low of $39.57 and a 12-month high of $82.32. The firm’s 50-day moving average is $56.77 and its 200-day moving average is $48.99. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 17.28 and a beta of 1.67.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The firm had revenue of $659.30 million for the quarter, compared to analysts’ expectations of $661.65 million. During the same quarter last year, the business earned $0.92 earnings per share. The business’s revenue was down 18.0% on a year-over-year basis. On average, equities analysts predict that Tempur Sealy International will post $3.29 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Tempur Sealy International, Inc. (NYSE:TPX) Earns Hold Rating from Stifel Nicolaus” was posted by BNB Daily and is owned by of BNB Daily. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.baseball-news-blog.com/2017/08/19/tempur-sealy-international-inc-nysetpx-stock-rating-reaffirmed-by-stifel-nicolaus-updated-updated.html.

In other Tempur Sealy International news, Director Usman Nabi bought 100,000 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was acquired at an average price of $47.37 per share, with a total value of $4,737,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC purchased a new stake in Tempur Sealy International during the fourth quarter worth about $237,000. Norges Bank purchased a new stake in Tempur Sealy International during the fourth quarter worth about $22,567,000. Teachers Advisors LLC increased its stake in Tempur Sealy International by 44.6% in the fourth quarter. Teachers Advisors LLC now owns 438,142 shares of the company’s stock worth $29,916,000 after buying an additional 135,180 shares in the last quarter. Capstone Asset Management Co. increased its stake in Tempur Sealy International by 4.1% in the first quarter. Capstone Asset Management Co. now owns 4,609 shares of the company’s stock worth $214,000 after buying an additional 180 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Tempur Sealy International during the first quarter worth about $351,000.

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.

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

Receive News & Ratings for Tempur Sealy International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempur Sealy International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply