Tempur Sealy International’s (TPX) “Hold” Rating Reiterated at SunTrust Banks, Inc.
SunTrust Banks, Inc. reiterated their hold rating on shares of Tempur Sealy International, Inc. (NYSE:TPX) in a research note published on Monday morning. The firm currently has a $60.00 price objective on the stock. SunTrust Banks also issued estimates for Tempur Sealy International’s Q3 2017 earnings at $0.91 EPS and FY2017 earnings at $3.14 EPS.
Several other brokerages have also recently weighed in on TPX. Zacks Investment Research cut Tempur Sealy International from a buy rating to a hold rating in a report on Wednesday, September 13th. BidaskClub upgraded Tempur Sealy International from a buy rating to a strong-buy rating in a report on Monday, July 31st. Stifel Nicolaus restated a hold rating and set a $47.00 target price on shares of Tempur Sealy International in a report on Friday, July 14th. Finally, ValuEngine upgraded Tempur Sealy International from a hold rating to a buy rating in a report on Saturday, September 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $63.00.
Shares of Tempur Sealy International (TPX) opened at 66.35 on Monday. Tempur Sealy International has a 12 month low of $39.57 and a 12 month high of $70.45. The firm’s 50-day moving average price is $62.00 and its 200-day moving average price is $52.81. The stock has a market capitalization of $3.58 billion, a P/E ratio of 18.71 and a beta of 1.67.
Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.05. The business had revenue of $659.30 million for the quarter, compared to analysts’ expectations of $661.65 million. Tempur Sealy International had a return on equity of 617.75% and a net margin of 6.69%. The business’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS. On average, equities research analysts forecast that Tempur Sealy International will post $3.28 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in TPX. PNC Financial Services Group Inc. raised 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 valued at $100,000 after buying an additional 273 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Tempur Sealy International by 12.1% in the second 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. Sei Investments Co. raised its position in Tempur Sealy International by 23.1% in the second quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock valued at $120,000 after purchasing an additional 421 shares during the period. NEXT Financial Group Inc raised its position in Tempur Sealy International by 9,500.0% in the second quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock valued at $128,000 after purchasing an additional 2,375 shares during the period. Finally, Blueport Capital L.P. raised its position in Tempur Sealy International by 41.2% in the first quarter. Blueport Capital L.P. now owns 3,026 shares of the company’s stock valued at $141,000 after purchasing an additional 883 shares during the period.
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.
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