Tempur Sealy International, Inc. (NYSE:TPX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The firm currently has a $68.00 target price on the stock. Zacks Investment Research‘s target price suggests a potential upside of 11.71% from the stock’s previous close.

According to Zacks, “Tempur Sealy International, Inc. is involved in the development, manufacturing and marketing of bedding products primarily in North America and internationally. It provides mattresses, adjustable bases, pillows and other sleep and relaxation products. The company’s brand portfolio includes Tempur(R), Tempur-Pedic(R), Sealy(R), Sealy Posturepedic(R), Optimum(TM) and Stearns & Foster(R). Tempur Sealy International, Inc., formerly known as Tempur-Pedic International Inc., is headquartered in Lexington, Kentucky. “

TPX has been the subject of a number of other research reports. Raymond James Financial, Inc. reissued a “strong-buy” rating and set a $55.00 target price on shares of Tempur Sealy International in a research report on Wednesday, June 28th. Bank of America Corporation reissued a “buy” rating and set a $85.00 target price (up previously from $75.00) on shares of Tempur Sealy International in a research report on Wednesday, August 30th. BidaskClub raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Piper Jaffray Companies raised shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and increased their target price for the company from $61.00 to $80.00 in a research report on Monday, August 14th. Finally, Stifel Nicolaus raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and increased their target price for the company from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $65.00.

Tempur Sealy International (NYSE TPX) opened at 60.87 on Friday. The company’s 50-day moving average is $59.90 and its 200 day moving average is $50.52. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 17.17 and a beta of 1.64. Tempur Sealy International has a 1-year low of $39.57 and a 1-year high of $79.93.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $659.30 million during the quarter, compared to the consensus estimate of $661.65 million. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The company’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. On average, equities analysts predict that Tempur Sealy International will post $3.29 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its holdings in shares of 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 worth $100,000 after purchasing an additional 273 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Tempur Sealy International by 12.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $116,000 after purchasing an additional 234 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Tempur Sealy International by 23.1% in the 2nd quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock worth $120,000 after purchasing an additional 421 shares in the last quarter. NEXT Financial Group Inc lifted its holdings in shares of 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 worth $128,000 after purchasing an additional 2,375 shares in the last quarter. Finally, Blueport Capital L.P. lifted its holdings in shares of Tempur Sealy International by 41.2% in the 1st quarter. Blueport Capital L.P. now owns 3,026 shares of the company’s stock worth $141,000 after purchasing an additional 883 shares in the last quarter.

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.

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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