Tempur Sealy International Receives Consensus Rating of “Buy” from Brokerages (NYSE:TPX)
Shares of Tempur Sealy International (NYSE:TPX) have been given a consensus rating of “Buy” by the thirteen ratings firms that are presently covering the stock, American Banking News.com reports. Five investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $55.31.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Wednesday. Separately, 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. Finally, 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.
Shares of Tempur Sealy International (NYSE:TPX) traded down 1.01% on Thursday, hitting $58.06. The stock had a trading volume of 36,036 shares. Tempur Sealy International has a 1-year low of $36.12 and a 1-year high of $59.85. The stock has a 50-day moving average of $53.87 and a 200-day moving average of $50.97. The company has a market cap of $4.093 billion and a price-to-earnings ratio of 38.61.
Tempur Sealy International (NYSE:TPX) last released its earnings data on Thursday, May 1st. The company reported $0.53 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 79.9% on a year-over-year basis. Analysts expect that Tempur Sealy International will post $2.78 EPS 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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