People Corp (PEO), the Services sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Noel Atkinson from Clarus reiterated a Buy rating, with a C$9.25 price target.
Atkinson said:
“We maintain our Buy rating. ORGANIC REVENUE GROWTH (+9% Y/O/Y) CONTINUES TO TRACK AT THE HIGH END OF MANAGEMENT’S TARGET RANGE Yesterday People Corporation (“PeopleCorp”) reported Q02/FY19 (Feb) results that nicely surpassed our forecast. Total revenues of C$40.5MM reflected +24.7% Y/o/Y growth including +9.0% organic growth, and beat our C$39.8MM estimate.”
Atkinson has an average return of 0.4% when recommending People Corp.
According to TipRanks.com, Atkinson is ranked #441 out of 5195 analysts.
Currently, the analyst consensus on People Corp is a Strong Buy with an average price target of C$9.58.
Based on People Corp’s latest earnings release for the quarter ending November 30, the company reported a quarterly GAAP net loss of C$1.52 million. In comparison, last year the company had a net profit of C$610.1K.
People Corp. engages in the provision of group benefits, group retirement, and human resource services. Its delivers employee benefits consulting, third party benefits administration, pension consulting, human resources consulting, and executive search and staff recruitment services.
The company’s shares closed on Tuesday at C$7.40.
