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Tempur Sealy International (NYSE:TPX)’s share price reached a new 52-week high on Friday , reports. The company traded as high as $58.85 and last traded at $58.47, with a volume of 509,823 shares. The stock had previously closed at $57.61.

A number of research firms have recently commented on TPX. Analysts at KeyCorp reiterated a “buy” rating on shares of Tempur Sealy International in a research note on Monday, May 12th. They now have a $63.00 price target on the stock, up previously from $60.00. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Tempur Sealy International currently has an average rating of “Buy” and an average target price of $55.31.

The stock has a 50-day moving average of $53.01 and a 200-day moving average of $50.62. The company has a market cap of $4.161 billion and a P/E ratio of 37.93.

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 $2.78 earnings per share for the current fiscal year.

In other Tempur Sealy International news, EVP Richard W. Anderson unloaded 14,043 shares of the stock on the open market in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $55.08, for a total value of $773,488.44. The sale was disclosed in a document filed with the SEC, which is available at this link.

Tempur Sealy International, Inc is a bedding provider. The Company develops, manufactures and markets mattresses, foundations, pillows and other products.

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