Bank of America Forecasts Strong Price Appreciation for Tempur Sealy International (NYSE:TPX) Stock

Tempur Sealy International (NYSE:TPX) had its target price increased by Bank of America from $73.00 to $79.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price target indicates a potential upside of 22.02% from the stock’s current price.

Several other research analysts have also issued reports on the stock. UBS Group increased their target price on shares of Tempur Sealy International from $67.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Truist Financial increased their price objective on shares of Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. William Blair raised Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 5th. KeyCorp increased their price target on Tempur Sealy International from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Wedbush restated an “outperform” rating and set a $80.00 price objective (up previously from $67.00) on shares of Tempur Sealy International in a report on Monday, February 3rd. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Tempur Sealy International has an average rating of “Buy” and an average price target of $73.25.

Tempur Sealy International Trading Up 0.5 %

NYSE TPX opened at $64.75 on Tuesday. Tempur Sealy International has a one year low of $45.04 and a one year high of $68.53. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The business has a 50 day simple moving average of $58.25 and a 200 day simple moving average of $54.07. The stock has a market capitalization of $11.24 billion, a P/E ratio of 29.56, a P/E/G ratio of 2.07 and a beta of 1.64.

Institutional Investors Weigh In On Tempur Sealy International

Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc increased its position in Tempur Sealy International by 22.7% in the fourth quarter. IFP Advisors Inc now owns 828 shares of the company’s stock worth $47,000 after buying an additional 153 shares during the last quarter. Private Trust Co. NA increased its holdings in Tempur Sealy International by 49.2% in the 4th quarter. Private Trust Co. NA now owns 552 shares of the company’s stock worth $31,000 after acquiring an additional 182 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in Tempur Sealy International by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 6,488 shares of the company’s stock worth $354,000 after acquiring an additional 194 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Tempur Sealy International by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 35,371 shares of the company’s stock valued at $2,005,000 after acquiring an additional 200 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in Tempur Sealy International by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 5,226 shares of the company’s stock valued at $296,000 after purchasing an additional 262 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

About Tempur Sealy International

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.