ValuEngine lowered shares of Tempur Sealy International, Inc. (NYSE:TPX) from a buy rating to a hold rating in a research report sent to investors on Thursday.
Several other analysts also recently issued reports on TPX. Stifel Nicolaus reiterated a hold rating and set a $47.00 price target on shares of Tempur Sealy International in a research note on Friday, July 14th. Piper Jaffray Companies set a $61.00 price target on Tempur Sealy International and gave the stock a hold rating in a research note on Thursday, July 27th. BidaskClub upgraded Tempur Sealy International from a buy rating to a strong-buy rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Tempur Sealy International from a hold rating to a buy rating and set a $65.00 price target for the company in a research note on Wednesday, August 2nd. Finally, Bank of America Corporation reiterated a buy rating and set a $85.00 price target (up previously from $75.00) on shares of Tempur Sealy International in a research note on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $62.44.
Shares of Tempur Sealy International (TPX) opened at $53.92 on Thursday. The company has a market capitalization of $2,906.15, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 1.09 and a beta of 1.60. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 20.03.
Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. The company had revenue of $724.80 million during the quarter, compared to the consensus estimate of $756.10 million. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The firm’s revenue was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.32 EPS. sell-side analysts anticipate that Tempur Sealy International will post 3.28 earnings per share for the current year.
WARNING: “Tempur Sealy International, Inc. (TPX) Downgraded to “Hold” at ValuEngine” was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.com-unik.info/2017/11/06/tempur-sealy-international-inc-tpx-downgraded-to-hold-at-valuengine.html.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its position in shares of Tempur Sealy International by 14.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after purchasing an additional 273 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Tempur Sealy International by 12.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock valued at $116,000 after acquiring an additional 234 shares in the last quarter. Sei Investments Co. raised its holdings in Tempur Sealy International by 23.1% in the 2nd quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock valued at $120,000 after acquiring an additional 421 shares in the last quarter. NEXT Financial Group Inc raised its holdings in Tempur Sealy International by 9,500.0% in the 2nd quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock valued at $128,000 after acquiring an additional 2,375 shares in the last quarter. Finally, James Investment Research Inc. acquired a new position in Tempur Sealy International in the 2nd quarter valued at approximately $183,000.
Tempur Sealy International Company Profile
Tempur Sealy International, Inc is a bedding manufacturer. The Company develops, manufactures, markets and distributes bedding products. The Company operates in two segments: North America and International. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada.
To view ValuEngine’s full report, visit ValuEngine’s official website.
What are top analysts saying about Tempur Sealy International Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Tempur Sealy International Inc. and related companies.