Tempur Sealy International’s (TPX) “Buy” Rating Reaffirmed at Bank of America Corporation

Tempur Sealy International, Inc. (NYSE:TPX)‘s stock had its “buy” rating reaffirmed by analysts at Bank of America Corporation in a research report issued on Wednesday, August 30th. They currently have a $85.00 target price on the stock, up from their prior target price of $75.00. Bank of America Corporation’s price objective would indicate a potential upside of 40.26% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and issued a $55.00 price target on shares of Tempur Sealy International in a research report on Wednesday, June 28th. Wedbush set a $45.00 price objective on shares of Tempur Sealy International and gave the company a “hold” rating in a research note on Wednesday, May 31st. Stifel Nicolaus reiterated a “hold” rating and issued a $47.00 price objective on shares of Tempur Sealy International in a research note on Friday, July 14th. SunTrust Banks, Inc. upgraded shares of Tempur Sealy International from a “sell” rating to a “hold” rating and set a $43.00 price objective for the company in a research note on Monday, May 8th. Finally, BidaskClub upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $65.09.

Shares of Tempur Sealy International (NYSE:TPX) traded up 0.35% on Wednesday, reaching $60.60. The company had a trading volume of 1,252,173 shares. The firm has a market capitalization of $3.27 billion, a PE ratio of 17.09 and a beta of 1.64. The company’s 50-day moving average is $60.62 and its 200 day moving average is $51.12. Tempur Sealy International has a 12 month low of $39.57 and a 12 month high of $78.19.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.05. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The business had revenue of $659.30 million for the quarter, compared to analysts’ expectations of $661.65 million. During the same quarter last year, the firm earned $0.92 EPS. The firm’s revenue for the quarter was down 18.0% compared to the same quarter last year. Equities analysts forecast that Tempur Sealy International will post $3.29 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in the business. Capstone Asset Management Co. boosted its holdings in Tempur Sealy International by 1.3% in the 2nd quarter. Capstone Asset Management Co. now owns 4,669 shares of the company’s stock valued at $249,000 after purchasing an additional 60 shares during the period. Comerica Bank boosted its holdings in Tempur Sealy International by 0.4% in the 2nd quarter. Comerica Bank now owns 36,916 shares of the company’s stock valued at $2,059,000 after purchasing an additional 154 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Tempur Sealy International by 1.1% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 17,753 shares of the company’s stock valued at $825,000 after purchasing an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 purchasing an additional 234 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Tempur Sealy International by 14.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock valued at $100,000 after purchasing an additional 273 shares during the period.

About Tempur Sealy International

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.

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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