Tempur Sealy International Hits New 12-Month High at $62.00 (TPX)
Shares of Tempur Sealy International (NYSE:TPX) hit a new 52-week high during mid-day trading on Thursday , StockRatingsNetwork reports. The company traded as high as $62.00 and last traded at $61.30, with a volume of 523,013 shares changing hands. The stock had previously closed at $61.11.
Several analysts have recently commented on the stock. Analysts at Nomura reiterated a “neutral” rating on shares of Tempur Sealy International in a research note on Wednesday. They now have a $62.00 price target on the stock, up previously from $55.00. Separately, analysts at Bank of America reiterated a “positive” rating on shares of Tempur Sealy International in a research note on Monday, June 16th. Finally, analysts at TheStreet upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Wednesday, June 11th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $56.79.
The stock has a 50-day moving average of $59. and a 200-day moving average of $52.69. The company has a market cap of $4.309 billion and a P/E ratio of 40.23.
Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.02. The company had revenue of $715.00 million for the quarter, compared to the consensus estimate of $703.30 million. During the same quarter last year, the company posted $0.36 earnings per share. Tempur Sealy International’s revenue was up 8.2% compared to the same quarter last year. 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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