Sleep Country Canada Holdings Inc (ZZZ) Receives C$27.44 Consensus Target Price from Brokerages

Sleep Country Canada Holdings Inc (TSE:ZZZ) has received an average recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$27.44.

Several analysts have recently commented on ZZZ shares. Royal Bank of Canada lowered their target price on shares of Sleep Country Canada from C$32.00 to C$31.00 and set an “outperform” rating for the company in a report on Wednesday, January 23rd. National Bank Financial lowered their target price on shares of Sleep Country Canada from C$27.00 to C$26.00 and set a “sector perform” rating for the company in a report on Friday, February 22nd. Raymond James reiterated an “outperform” rating and issued a C$32.00 target price on shares of Sleep Country Canada in a report on Tuesday, February 26th. CIBC lowered their target price on shares of Sleep Country Canada from C$25.00 to C$21.00 and set a “hold” rating for the company in a report on Thursday, February 28th. Finally, TD Securities lowered their target price on shares of Sleep Country Canada from C$27.00 to C$23.00 and set a “hold” rating for the company in a report on Thursday, February 28th.

ZZZ traded up C$0.13 during trading on Tuesday, hitting C$19.05. 58,057 shares of the company’s stock were exchanged, compared to its average volume of 119,239. The company has a current ratio of 1.39, a quick ratio of 0.58 and a debt-to-equity ratio of 56.21. Sleep Country Canada has a fifty-two week low of C$18.65 and a fifty-two week high of C$36.56. The company has a market cap of $701.16 million and a price-to-earnings ratio of 11.98.

Sleep Country Canada (TSE:ZZZ) last released its quarterly earnings data on Tuesday, February 26th. The company reported C$0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.42 by C($0.02). The business had revenue of C$160.10 million for the quarter, compared to analysts’ expectations of C$162.90 million. As a group, equities analysts forecast that Sleep Country Canada will post 2.02000013210971 earnings per share for the current fiscal year.

About Sleep Country Canada

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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