Analyst Price Target Update on Tempur Sealy International (NYSE:TPX)

Tempur Sealy International (NYSE:TPX) should head towards $71.29 per share according to 7 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $58 per share. The higher price estimate target is at $92 according to the Analysts.

Many analysts have stated their opinion on the company shares. Topeka Capital initiates coverage on Tempur Sealy International (NYSE:TPX) The current rating of the shares is Hold. Equity Analysts at the Firm announces the price target to $61 per share. The rating by the firm was issued on May 24, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Rao Bhaskar, officer (CAO & SVP Finance) of Tempur Sealy International, Inc. had purchased 8,450 shares on May 31, 2016 in a transaction. The price per share was $58.97 and the total amount of the disclosed transaction was $498,297.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Tempur Sealy International (NYSE:TPX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.28 points or 2.16% at $57.9 with 1,343,125 shares getting traded. Post opening the session at $58.62, the shares hit an intraday low of $57.88 and an intraday high of $59.435 and the price was in this range throughout the day. The company has a market cap of $3,527 million and the number of outstanding shares have been calculated to be 60,921,499 shares. The 52-week high of Tempur Sealy International (NYSE:TPX) is $82.61 and the 52-week low is $50.8.

Tempur Sealy International, Inc. is a bedding provider. The Company develops, manufactures, markets and distributes bedding products, which it sells globally in approximately 100 countries. The Company operates in three segments: Tempur North America, Tempur International and Sealy. The Companys brand portfolio includes TEMPUR, Tempur-Pedic, Sealy, Sealy Posturepedic, Optimum and Stearns & Foster. The Company sells its products through three distribution channels in each operating business segment: Retail, which consists of furniture and bedding retailers, department stores, specialty retailers and warehouse clubs; Direct, which consists of electronic commerce (e-commerce) platform, Company-owned stores and call center, and Other, which includes third party distributors, hospitality and healthcare customers.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.