Oppenheimer Sets Tempur-Pedic International Price Target at $75.00 (TPX)
Investment analysts at Oppenheimer (NYSE: OPY) dropped their target price on shares of Tempur-Pedic International (NYSE: TPX) from $90.00 to $75.00 in a note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock.
Tempur-Pedic International opened at 48.79 on Wednesday. Tempur-Pedic International has a 1-year low of $44.50 and a 1-year high of $87.43. The company has a market cap of $3.099 billion and a price-to-earnings ratio of 14.51.
Tempur-Pedic International last released its earnings data on Thursday, April 19th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.02. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Analysts expect that Tempur-Pedic International will post $1.16 EPS next quarter.
A number of other analysts have also recently weighed in on TPX. Analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of Tempur-Pedic International from $85.00 to $63.00 in a research note to investors on Monday. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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.
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.