UBS Group Issues Pessimistic Forecast for Somnigroup International (NYSE:SGI) Stock Price

Somnigroup International (NYSE:SGI) had its price target lowered by equities researchers at UBS Group from $115.00 to $110.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 45.38% from the company’s previous close.

Other analysts have also issued research reports about the stock. Stephens reaffirmed an “equal weight” rating and set a $89.00 target price on shares of Somnigroup International in a report on Tuesday, April 14th. Jefferies Financial Group raised shares of Somnigroup International from a “hold” rating to a “buy” rating and decreased their target price for the stock from $90.00 to $88.00 in a report on Thursday, March 26th. Zacks Research lowered shares of Somnigroup International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Bank of America decreased their target price on shares of Somnigroup International from $106.00 to $96.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, Truist Financial upped their target price on shares of Somnigroup International from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Somnigroup International has a consensus rating of “Moderate Buy” and an average target price of $99.60.

Somnigroup International Stock Down 0.3%

NYSE SGI opened at $75.66 on Thursday. The company has a 50 day simple moving average of $79.15. Somnigroup International has a 12-month low of $56.15 and a 12-month high of $98.56. The company has a current ratio of 0.83, a quick ratio of 0.42 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 42.27, a P/E/G ratio of 1.19 and a beta of 1.25.

Somnigroup International (NYSE:SGI) last posted its earnings results on Tuesday, February 17th. The company reported $0.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.72. The business had revenue of $1.87 billion for the quarter. Somnigroup International had a net margin of 5.14% and a return on equity of 19.36%. The business’s revenue was up 54.7% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS. Equities analysts expect that Somnigroup International will post 3.25 EPS for the current year.

Hedge Funds Weigh In On Somnigroup International

A number of institutional investors have recently made changes to their positions in SGI. Core Wealth Advisors LLC bought a new position in shares of Somnigroup International in the 4th quarter worth $30,000. Allworth Financial LP bought a new position in shares of Somnigroup International in the 3rd quarter worth $32,000. Elyxium Wealth LLC bought a new position in shares of Somnigroup International in the 4th quarter worth $35,000. First Horizon Corp increased its holdings in shares of Somnigroup International by 93.3% in the 4th quarter. First Horizon Corp now owns 464 shares of the company’s stock worth $41,000 after buying an additional 224 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Somnigroup International in the 4th quarter worth $42,000. Institutional investors own 99.86% of the company’s stock.

Somnigroup International Company Profile

Somnigroup International Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare.