Why Tempur Sealy International, Inc. (NYSE:TPX) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $84.40 on Tempur Sealy International, Inc. (NYSE:TPX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.18 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Tempur Sealy International, Inc. (NYSE:TPX) stands at 55.05.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Tempur Sealy International, Inc, the PEG ratio for coming 3-5 years is 0.85.

Technical Analysis

The technical analysis highlights that Tempur Sealy International, Inc current is trading $8.10 points away or +11.42% from its 50-day moving average of $70.95. Further it is trading $17.25 or +27.92% away its 200-day moving average of $61.80.

The 52-week high of Tempur Sealy International, Inc. (NYSE:TPX) was $82.61 while lowest point recorded in 52-week was $50.80. It implies if stock price makes a movement of over $-3.56, it will record a new 52-week high. In the case of +55.61% drop, it will touch a new 52-week low.

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