Sleep Country Canada (TSE:ZZZ) Price Target Raised to C$20.00

Sleep Country Canada (TSE:ZZZ) had its price objective raised by Royal Bank of Canada from C$19.00 to C$20.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other research analysts also recently issued research reports about the company. CIBC lowered their price target on WestJet Airlines from C$21.00 to C$20.00 in a report on Wednesday, May 8th. TD Securities lifted their price target on WestJet Airlines from C$19.00 to C$20.00 and gave the company a hold rating in a report on Wednesday, May 8th. Raymond James set a $31.00 target price on Mylan and gave the company a buy rating in a research note on Wednesday, May 8th. National Bank Financial downgraded Calfrac Well Services from an outperform market weight rating to a sector perform overweight rating in a research note on Wednesday, May 1st. Finally, BMO Capital Markets downgraded Capital Power from an outperform rating to a market perform rating in a research note on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of C$24.31.

Shares of ZZZ stock opened at C$18.60 on Friday. Sleep Country Canada has a 1-year low of C$16.01 and a 1-year high of C$33.20. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 167.76. The stock has a market capitalization of $690.56 million and a P/E ratio of 12.24. The company’s fifty day simple moving average is C$18.93.

Sleep Country Canada (TSE:ZZZ) last issued its quarterly earnings results on Monday, May 6th. The company reported C$0.23 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.07). The firm had revenue of C$149.32 million during the quarter, compared to analyst estimates of C$156.20 million. On average, analysts anticipate that Sleep Country Canada will post 1.77 EPS for the current fiscal year.

Sleep Country Canada Company Profile

Sleep Country Canada Holdings Inc, together with its subsidiaries, engages in retailing mattress and bedding related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, box spring bases, pillows, duvets, sheets, headboards, footboards, frames, mattress and pillow protectors, platforms, and other sleep accessories.

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Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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