Tempur Sealy International, Inc (NYSE:TPX):
Tempur Sealy Reports Record Third Quarter 2016 Results.
The company is trading down from yesterday’s close of $54.73.
Company shares last traded at $54.57 barely below $61.39, the 50 day moving average and marginally under the 200 day moving average of $63.66. The 50 day moving average was down by -11.11% and the 200 day average was down $-9.09.
Tempur Sealy International, Inc’s P/E ratio is 38.00 and market capitalization is 3.19B. In the last earnings report the EPS was $1.44 and is estimated to be $3.91 for the current year with 58,413,000 shares currently outstanding. Next quarter’s EPS is expected be $0.82 and the next full year EPS is projected to be $4.62.
Brokerages have released opinions on TPX. UBS began coverage of TPX setting a rating of “Neutral” and projecting a price target of $60.00. On September 28 the company was changed to a “Neutral” in a report from Longbow Research which is down from the previous “Buy” rating.
On May 24, 2016 Topeka Capital issued its first research report on the stock with a rating of “Hold” and setting a price target of $61.00. On April 29, 2016 the stock rating 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 rated “Neutral” by Wedbush which was a cut from the previous “Outperform” rating. On March 15 analysts at Longbow Research initiated coverage giving it an initial rating of “Buy”.