Tempur-Pedic International (NYSE:TPX) was downgraded by equities researchers at Standpoint Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on TPX. Analysts at Zacks upgraded shares of Tempur-Pedic International (NYSE:TPX) from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $45.10 price target on the stock. Finally, analysts at KeyCorp cut their price target on shares of Tempur-Pedic International (NYSE:TPX) from $58.00 to $53.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $49.22.
In other Tempur-Pedic International news, CAO Bhaskar Rao sold 19,860 shares of the stock on the open market in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total transaction of $893,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Tempur-Pedic International (NYSE:TPX) opened at 44.61 on Tuesday. Tempur-Pedic International has a 1-year low of $24.02 and a 1-year high of $51.02. The stock’s 50-day moving average is $40.87 and its 200-day moving average is $43.72. The company has a market cap of $2.697 billion and a price-to-earnings ratio of 83.80.
Tempur-Pedic International (NYSE:TPX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.04. The company had revenue of $660.60 million for the quarter, compared to the consensus estimate of $667.01 million. During the same quarter last year, the company posted $0.45 earnings per share. Tempur-Pedic International’s revenue was up 100.5% compared to the same quarter last year. Analysts expect that Tempur-Pedic International will post $2.33 EPS for the current fiscal year.
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.
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