Tempur Sealy International (TPX) Receives Price Target

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.

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 1 which endorses a Strong 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

Also, Major Brokerage house, Nomura maintains its ratings on Tempur Sealy International (NYSE:TPX). In the latest research report, Nomura raises the target price from $82 per share to $90 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 29, 2016.

Tempur Sealy International (NYSE:TPX): The stock opened at $78.51 on Thursday but the bulls could not build on the opening and the stock topped out at $79.00 for the day. The stock traded down to $77.62 during the day, due to lack of any buying support eventually closed down at $78.15 with a loss of -0.34% for the day. The stock had closed at $78.42 on the previous day. The total traded volume was 623,258 shares.

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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