Tempur-Pedic International Price Target Raised to $54.00 at KeyBanc (TPX)
Investment analysts at KeyBanc lifted their target price on shares of Tempur-Pedic International (NYSE: TPX) from $48.00 to $54.00 in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock.
Shares of Tempur-Pedic International traded down 1.04% during mid-day trading on Tuesday, hitting $45.49. Tempur-Pedic International has a 52 week low of $20.70 and a 52 week high of $87.43. The stock’s 50-day moving average is currently $39.46. The company has a market cap of $2.720 billion and a P/E ratio of 27.04.
Tempur-Pedic International last posted its quarterly earnings results on Thursday, January 24th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.05. The company had revenue of $341.10 million for the quarter, compared to the consensus estimate of $339.04 million. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was down 7.0% on a year-over-year basis. Tempur-Pedic International has set its FY13 guidance at ~$2.55 EPS. Analysts expect that Tempur-Pedic International will post $2.56 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TPX. Analysts at Zacks downgraded shares of Tempur-Pedic International from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 31st. They now have a $38.00 price target on the stock. Separately, analysts at Hilliard Lyons downgraded shares of Tempur-Pedic International to a “buy” rating in a research note to investors on Friday, January 25th. Finally, analysts at Gilford Securities reiterated a “hold” rating on shares of Tempur-Pedic International in a research note to investors on Friday, January 25th.
Five investment analysts have rated the stock with a buy rating, seven have assigned a hold rating, and one has issued an underweight rating to the company’s stock. Tempur-Pedic International presently has a consensus rating of “overweight” and an average target price of $42.67.
Tempur-Pedic International Inc. (Tempur-Pedic International), incorporated in September 2002, is a manufacturer, marketer and distributor of premium mattresses and pillows, which it sells in approximately 80 countries under the TEMPUR and Tempur-Pedic brands.
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