KeyBanc Cuts Tempur-Pedic International to Hold (TPX)

By admin | 6 years ago

Tempur-Pedic International (NYSE: TPX) was downgraded by equities research analysts at KeyBanc (NYSE: KEY) from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Several other analysts have also recently commented on the stock. Analysts at Raymond James (NYSE: RJF) upgraded shares of Tempur-Pedic International from a “market perform” rating to a “strong-buy” rating in a research note to investors on Thursday, May 10th. Separately, analysts at Piper Jaffray (NYSE: PJC) cut their price target on shares of Tempur-Pedic International from $100.00 to $95.00 in a research note to investors on Wednesday, May 9th. Finally, analysts at Oppenheimer (NYSE: OPY) cut their price target on shares of Tempur-Pedic International from $90.00 to $75.00 in a research note to investors on Wednesday, May 9th. They now have an “outperform” rating on the stock.

Shares of Tempur-Pedic International traded down 5.05% during mid-day trading on Wednesday, hitting $21.26. Tempur-Pedic International has a 52 week low of $21.92 and a 52 week high of $87.43. The company has a market cap of $1.350 billion and a P/E ratio of 6.66.

Tempur-Pedic International last announced its earnings results 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 $0.95 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.

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