Guggenheim Reiterates Their Hold Rating on Tempur Sealy (TPX)


Guggenheim analyst Robert Drbul reiterated a Hold rating on Tempur Sealy (NYSE: TPX) today. The company’s shares opened today at $42.55, close to its 52-week low of $41.10.

Drbul commented:

“We remain NEUTRAL, as there remains a high level of uncertainty in the marketplace, and we lower our estimates. Higher input costs, in part due to tariffs, should also continue to weigh on EBITDA.”

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 14.6% and a 72.0% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Ascena Retail Group, and Wal-Mart Stores Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tempur Sealy with a $64 average price target.

See today’s analyst top recommended stocks >>

Based on Tempur Sealy’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $22.8 million. In comparison, last year the company had a net profit of $44.6 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Tempur Sealy International, Inc. develops, manufactures and markets and distributes bedding products. Its products include mattresses, adjustable bases, pillows and other sleep and relaxation products. It operates through North America and International segments.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts