Truist Financial Forecasts Strong Price Appreciation for Tempur Sealy International (NYSE:TPX) Stock

Tempur Sealy International (NYSE:TPX) had its target price hoisted by equities researchers at Truist Financial from $63.00 to $69.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 13.96% from the company’s previous close.

TPX has been the topic of a number of other reports. Wedbush raised their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Raymond James dropped their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. Finally, Bank of America increased their target price on Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $63.14.

Tempur Sealy International Stock Performance

TPX stock opened at $60.55 on Wednesday. The firm has a market cap of $10.51 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 1.94 and a beta of 1.63. Tempur Sealy International has a one year low of $45.04 and a one year high of $61.60. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The firm has a 50-day simple moving average of $56.61 and a two-hundred day simple moving average of $53.24.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. On average, equities analysts forecast that Tempur Sealy International will post 2.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TPX. UMB Bank n.a. raised its stake in Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after acquiring an additional 413 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Tempur Sealy International during the 3rd quarter valued at $27,000. Versant Capital Management Inc boosted its position in Tempur Sealy International by 365.2% during the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock worth $35,000 after acquiring an additional 482 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Tempur Sealy International during the third quarter worth approximately $48,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Tempur Sealy International by 38.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock valued at $82,000 after acquiring an additional 416 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

About Tempur Sealy International

Tempur Sealy 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.