KeyCorp Forecasts Strong Price Appreciation for Tempur Sealy International (NYSE:TPX) Stock

Tempur Sealy International (NYSE:TPX - Free Report) had its price target hoisted by KeyCorp from $70.00 to $74.00 in a report published on Friday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently issued reports on TPX. Bank of America raised their price objective on Tempur Sealy International from $60.00 to $67.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. UBS Group raised their price objective on Tempur Sealy International from $67.00 to $78.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Raymond James dropped their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a "strong-buy" rating on the stock in a research report on Friday, November 1st. Wedbush restated an "outperform" rating and set a $80.00 price target (up from $67.00) on shares of Tempur Sealy International in a report on Monday, February 3rd. Finally, Piper Sandler raised their target price on Tempur Sealy International from $65.00 to $76.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Tempur Sealy International has an average rating of "Buy" and a consensus target price of $73.25.

Tempur Sealy International Price Performance

Shares of NYSE TPX traded up $1.77 during midday trading on Friday, reaching $66.52. 2,842,369 shares of the company were exchanged, compared to its average volume of 2,281,571. Tempur Sealy International has a one year low of $45.04 and a one year high of $68.53. The stock's 50-day moving average price is $58.25 and its 200-day moving average price is $54.07. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The stock has a market cap of $11.55 billion, a P/E ratio of 30.38, a PEG ratio of 2.07 and a beta of 1.64.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. UMB Bank n.a. boosted its stake in Tempur Sealy International by 750.9% in the third quarter. UMB Bank n.a. now owns 468 shares of the company's stock worth $26,000 after buying an additional 413 shares in the last quarter. Brooklyn Investment Group bought a new position in Tempur Sealy International in the 3rd quarter worth $27,000. Private Trust Co. NA lifted its holdings in Tempur Sealy International by 49.2% in the fourth quarter. Private Trust Co. NA now owns 552 shares of the company's stock worth $31,000 after buying an additional 182 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Tempur Sealy International by 92.7% during the fourth quarter. Jones Financial Companies Lllp now owns 607 shares of the company's stock valued at $34,000 after purchasing an additional 292 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Tempur Sealy International by 365.2% in the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company's stock worth $35,000 after buying an additional 482 shares during the period. 99.86% of the stock is currently owned by institutional investors.

About Tempur Sealy International

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.