KeyCorp cut their price objective on shares of Tempur-Pedic International (NYSE:TPX) from $53.00 to $50.00 in a research note issued on Friday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. KeyCorp’s price objective indicates a potential upside of 28.27% from the company’s current price.
Shares of Tempur-Pedic International (NYSE:TPX) traded up 1.64% on Friday, hitting $38.98. The stock had a trading volume of 911,969 shares. Tempur-Pedic International has a 1-year low of $24.02 and a 1-year high of $51.02. The stock has a 50-day moving average of $41.77 and a 200-day moving average of $42.73. The company has a market cap of $2.356 billion and a P/E ratio of 71.42.
A number of other firms have also recently commented on TPX. Analysts at Standpoint Research downgraded shares of Tempur-Pedic International from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 1st. Separately, analysts at Zacks upgraded shares of Tempur-Pedic International 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 Zacks downgraded shares of Tempur-Pedic International from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, August 14th. They now have a $37.80 price target on the stock. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $48.62.
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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