Somnigroup International (NYSE:SGI) Stock Rating Upgraded by Jefferies Financial Group

Somnigroup International (NYSE:SGI) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “buy” rating in a report issued on Thursday. The brokerage currently has a $88.00 price target on the stock. Jefferies Financial Group’s price target indicates a potential upside of 17.74% from the stock’s current price.

Several other research firms have also recently weighed in on SGI. Truist Financial raised their target price on shares of Somnigroup International from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Stephens began coverage on shares of Somnigroup International in a research note on Tuesday, February 10th. They set an “equal weight” rating and a $89.00 price objective on the stock. UBS Group dropped their target price on shares of Somnigroup International from $122.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Somnigroup International in a report on Monday, December 29th. Finally, Wall Street Zen raised Somnigroup International from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.75.

Somnigroup International Stock Performance

SGI opened at $74.74 on Thursday. Somnigroup International has a 52-week low of $53.10 and a 52-week high of $98.56. The company has a market capitalization of $15.72 billion, a price-to-earnings ratio of 41.76, a PEG ratio of 0.97 and a beta of 1.28. The company has a quick ratio of 0.42, a current ratio of 0.83 and a debt-to-equity ratio of 1.47. The stock’s 50-day moving average is $87.43.

Somnigroup International (NYSE:SGI) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.72. The firm had revenue of $1.87 billion during the quarter. Somnigroup International had a return on equity of 19.36% and a net margin of 5.14%.The firm’s revenue for the quarter was up 54.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share. Somnigroup International has set its FY 2026 guidance at 3.000-3.400 EPS.

Institutional Investors Weigh In On Somnigroup International

A number of institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in Somnigroup International in the 3rd quarter valued at $269,540,000. New Mexico Educational Retirement Board acquired a new stake in shares of Somnigroup International during the third quarter worth $3,578,000. Hudson Bay Capital Management LP acquired a new stake in shares of Somnigroup International during the third quarter worth $5,585,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Somnigroup International by 15.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,665 shares of the company’s stock worth $786,000 after buying an additional 1,173 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Somnigroup International in the fourth quarter valued at about $202,000. Institutional investors own 99.86% of the company’s stock.

About Somnigroup International

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.