Tempur-Pedic International (NYSE:TPX) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Thursday, StockRatingsNetwork.com reports. The firm currently has a $45.10 target price on the stock. Zacks‘ price target would suggest a potential upside of 2.31% from the company’s current price.
Tempur-Pedic International (NYSE:TPX) traded up 1.36% on Thursday, hitting $44.68. 745,019 shares of the company’s stock traded hands. 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 $40.35 and a 200-day moving average of $43.77. The company has a market cap of $2.701 billion and a price-to-earnings ratio of 82.09.
Tempur-Pedic International (NYSE:TPX) last announced its earnings results on Thursday, July 25th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 100.5% on a year-over-year basis. Analysts expect that Tempur-Pedic International will post $2.33 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. 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. Analysts at Barclays Capital cut their price target on shares of Tempur-Pedic International (NYSE:TPX) 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. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $49.22.
In other Tempur-Pedic International news, CAO Bhaskar Rao sold 19,860 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total value of $893,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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.
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