Tempur Sealy International (TPX) Receives Analyst Rating

Tempur Sealy International (TPX) : 4 brokerage houses believe that Tempur Sealy International (TPX) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Tempur Sealy International (TPX). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 1.88.

Tempur Sealy International (TPX) : The highest level Tempur Sealy International (TPX) is projected to reach is $100 for the short term and the lowest estimate is at $71. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $83.29 and the possibility the share price can swing is $8.71.


Also, Equity analysts at the Brokerage firm Nomura maintains its rating on Tempur Sealy International (NYSE:TPX). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Nomura raises the price target from $82 per share to $90 per share. The rating by the firm was issued on July 29, 2016.

Tempur Sealy International (NYSE:TPX): After opening at $75.19, the stock dipped to an intraday low of $74.62 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $76.21 and the buying power remained strong till the end. The stock closed at $75.93 for the day, a gain of 0.66% for the day session. The total traded volume was 792,703. The stocks close on the previous trading day was $75.43.

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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