Barclays Capital Cuts Price Target on Tempur-Pedic International (TPX)
Equities research analysts at Barclays Capital (NYSE: BCS) decreased their price target on shares of Tempur-Pedic International (NYSE: TPX) from $85.00 to $63.00 in a research note issued to investors on Monday. The firm currently has an “equal weight” rating on the stock.
TPX has been the subject of a number of other recent research reports. Analysts at Standpoint Research upgraded shares of Tempur-Pedic International from a “hold” rating to a “buy” rating in a research note to investors on Thursday, April 26th. Separately, analysts at Hilliard Lyons upgraded shares of Tempur-Pedic International from a “neutral” rating to a “long” rating in a research note to investors on Thursday, April 26th. They now have a $70.00 price target on the stock. Finally, analysts at Stephens downgraded shares of Tempur-Pedic International from an “overweight” rating to an “equal weight” rating in a research note to investors on Wednesday, April 25th.
Shares of Tempur-Pedic International traded down 5.40% during mid-day trading on Monday, hitting $45.68. Tempur-Pedic International has a one year low of $45.44 and a one year high of $87.43. The company has a market cap of $2.901 billion and a P/E ratio of 14.36.
Tempur-Pedic International last issued its quarterly earnings data on Thursday, April 19th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.02. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, analysts predict that Tempur-Pedic International will post $1.16 earnings per share next quarter.
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.