Zacks lowered shares of Tempur-Pedic International (NYSE:TPX) from a neutral rating to an underperform rating in a report released on Wednesday, StockRatingsNetwork.com reports. Zacks currently has $37.80 price objective on the stock.
Several other analysts have also recently commented on the stock. Analysts at KeyCorp cut their price target on shares of Tempur-Pedic International 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. Analysts at Barclays Capital cut their price target on shares of Tempur-Pedic International from $47.00 to $45.00 in a research note to investors on Friday, July 26th. They now have an equal weight rating on the stock.
One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $46.30.
Tempur-Pedic International (NYSE:TPX) traded up 0.75% on Wednesday, hitting $37.48. The stock had a trading volume of 462,571 shares. Tempur-Pedic International has a 52-week low of $24.02 and a 52-week high of $51.02. The stock has a 50-day moving average of $42.14 and a 200-day moving average of $43.52. The company has a market cap of $2.266 billion and a P/E ratio of 69.27.
In other Tempur-Pedic International news, EVP David Montgomery sold 20,000 shares of Tempur-Pedic International stock on the open market in a transaction that occured on Tuesday, August 6th. The shares were sold at an average price of $39.74, for a total value of $794,800.00. Following the sale, the executive vice president now directly owns 282,729 shares in the company. The sale was disclosed in a legal filing with the SEC, which is available at this link.
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.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.