Tempur-Pedic International Price Target Increased to $60.00 by Analysts at KeyCorp (TPX)
Research analysts at KeyCorp upped their price objective on shares of Tempur-Pedic International (NYSE:TPX) to $60.00 in a report released on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. KeyCorp’s price target would indicate a potential upside of 27.77% from the stock’s previous close.
Shares of Tempur-Pedic International (NYSE:TPX) traded up 0.70% on Wednesday, hitting $47.29. 652,300 shares of the company’s stock traded hands. Tempur-Pedic International has a 1-year low of $35.08 and a 1-year high of $55.25. The stock has a 50-day moving average of $50.83 and a 200-day moving average of $44.46. The company has a market cap of $2.860 billion and a P/E ratio of 38.59.
Tempur-Pedic International (NYSE:TPX) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.68 by $0.05. The company had revenue of $735.50 million for the quarter, compared to the consensus estimate of $709.91 million. During the same quarter last year, the company posted $0.70 earnings per share. Tempur-Pedic International’s revenue was up 111.4% compared to the same quarter last year. Analysts expect that Tempur-Pedic International will post $2.34 EPS for the current fiscal year.
A number of other firms have also recently commented on TPX. Analysts at Merrill Lynch initiated coverage on shares of Tempur-Pedic International in a research note to investors on Friday, January 24th. They set a “buy” rating and a $49.00 price target on the stock. Separately, analysts at Bank of America Corp. initiated coverage on shares of Tempur-Pedic International in a research note to investors on Friday, January 24th. They set a “buy” rating and a $60.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Tempur-Pedic International from $52.00 to $59.00 in a research note to investors on Thursday, January 9th. They now have a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $52.68.
Tempur Sealy International, Inc, formerly Tempur-Pedic International Inc, is a manufacturer, marketer and distributor of premium mattresses and pillows, which it sells in approximately 80 countries under the TEMPUR and Tempur-Pedic brands.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.