Tempur Sealy International, Inc (NYSE:TPX):
Tempur Sealy Provides Business Update.
The company is now down since yesterday’s close of $74.53.
Shares are trading at $74.45 barely below the 50 day moving average of $78.12 and marginally over the 200 day moving average of $64.74. The 50 day moving average was down $-3.67 or -4.70% and the 200 day average went up $9.71 or +15.00%.
The company’s P/E ratio is 51.85 and market cap is 4.35B. As of the latest earnings report the EPS was $1.44 and is projected to be $4.18 for the current year with 58,413,000 shares now outstanding. Next quarter’s EPS is expected be $1.22 with next year’s EPS anticipated to be $5.02.
Investment firms have released ratings on the stock recently. Topeka Capital started covering the stock with an initial rating of “Hold” and setting a price target of $61.00. On April 29 the company was set at “Strong Buy” according to a Raymond James report up from the previous “Market Perform” rating.
On April 22, 2016 the stock rating was changed to a “Neutral” by Wedbush which was a cut from the previous “Outperform” rating. Equity analyst Longbow Research started coverage with a rating of “Buy”.
On February 5 Stifel Nicolaus held the stock rating at “Buy” but lowered the price target to $67.00 from $80.00. October 30 investment analysts at Cantor Fitzgerald maintained a company rating of “Hold” and moved up the price target from $69.00 to $73.00.