Tempur Sealy International (TPX) : Analyst Rating Update

Tempur Sealy International (TPX) : The consensus on Tempur Sealy International (TPX) based on 8 analyst recommendation on the company stock is 1.88, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Tempur Sealy International (TPX) stock is expected to deviate a maximum of $11.51 from the average target price of $71.29 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $92 and the most muted being $58.

Tempur Sealy International (NYSE:TPX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.27 and $52.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.61, notching a gain of 1.22% for the day. The total traded volume was 1,266,014 . The stock had closed at $53.95 on the previous day.

Also, Topeka Capital initiates coverage on Tempur Sealy International (NYSE:TPX) The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency announces the price target to $61 per share. The rating by the firm was issued on May 24, 2016. The company shares have dropped -20.07% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $82.61 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $58.44 and the 200 Day Moving Average price is recorded at $59.76.

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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