Tempur Sealy International Stock Rating Reaffirmed by KeyCorp (TPX)
Tempur Sealy International (NYSE:TPX)‘s stock had its “buy” rating reaffirmed by investment analysts at KeyCorp in a note issued to investors on Monday, StockRatingsNetwork.com reports. They currently have a $63.00 price target on the stock, up from their previous price target of $60.00. KeyCorp’s price target points to a potential upside of 15.03% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Wedbush upgraded shares of Tempur Sealy International from a “neutral” rating to an “outperform” rating in a research note on Friday, May 2nd. They now have a $70.00 price target on the stock, up previously from $48.00. Separately, analysts at Nomura initiated coverage on shares of Tempur Sealy International in a research note on Wednesday, March 19th. They set a “neutral” rating and a $55.00 price target on the stock. Finally, analysts at Piper Jaffray upgraded shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 18th. They now have a $56.00 price target on the stock, up previously from $50.00. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $55.31.
Tempur Sealy International (NYSE:TPX) traded up 2.97% on Monday, hitting $54.77. The stock had a trading volume of 697,851 shares. Tempur Sealy International has a one year low of $36.12 and a one year high of $55.25. The stock has a 50-day moving average of $50. and a 200-day moving average of $49.0. The company has a market cap of $3.861 billion and a P/E ratio of 35.02.
Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, May 1st. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.01. The company had revenue of $701.90 million for the quarter, compared to the consensus estimate of $683.27 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 79.9% on a year-over-year basis. On average, analysts predict that Tempur Sealy International will post $2.77 earnings per share for the current fiscal year.
Tempur Sealy International, Inc is a bedding provider. The Company develops, manufactures and markets mattresses, foundations, pillows and other products.
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