Analyst Rating Update on Tempur Sealy International (TPX)

Tempur Sealy International (NYSE:TPX) : 8 analysts are covering Tempur Sealy International (NYSE:TPX) and their average rating on the stock is 1.88, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Tempur Sealy International (NYSE:TPX) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Tempur Sealy International (NYSE:TPX) : Average target price received by Tempur Sealy International (NYSE:TPX) is $71.29 with an expected standard deviation of $11.51. The most aggressive target on the stock is $92, whereas the most downbeat target is $58. 7 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Topeka Capital initiates coverage on Tempur Sealy International (NYSE:TPX). The shares have now been rated Hold by the stock experts at the ratings house. Topeka Capital announces the current price target of $61 per share on Tempur Sealy International . The rating by the firm was issued on May 24, 2016.

Tempur Sealy International (NYSE:TPX): stock turned positive on Tuesday. Though the stock opened at $54.77, the bulls momentum made the stock top out at $56.44 level for the day. The stock recorded a low of $54.67 and closed the trading day at $56.01, in the green by 3.82%. The total traded volume for the day was 1,524,141. The stock had closed at $53.95 in the previous days trading.

In an insider trading activity, Spenchian Jay G, officer (EVP, Chief Marketing Officer) of Tempur Sealy International, Inc., had purchased 7,000 shares on June 15, 2016. The total value of the transaction was $408,590. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

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