Sleep Country Canada Hldg (ZZZ), the Services sector company was revisited today, and remains undervalued for at least one analyst on the street. The company received a Buy rating from Scotiabank’s analyst Patricia Baker, with a C$23 price target.
According to TipRanks.com, Baker is a 4-star analyst with an average return of 3.9% and a 56.0% success rate. Baker covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Canadian Tire Corp Ltd, and Kroger Company.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sleep Country Canada Hldg with a C$24.57 average price target, a 34.9% upside from current levels. In a report issued on April 26, RBC Capital also maintained a Buy rating on the stock with a C$23 price target.
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Based on Sleep Country Canada Hldg’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$13.31 million. In comparison, last year the company had a net profit of C$10.32 million.
Sleep Country Canada Holdings, Inc. engages in the retail of mattress. It operates through the Sleep Country Canada and Dormez-vous. Its products include mattresses, adjustable lifestyle bases, pillows, duvets, sheets, headboards, frames, mattress protectors, and pillow protectors.
The company’s shares closed on Tuesday at C$18.21, close to its 52-week low of C$17.26.
