People Corporation (PEO.V) - strong upside

Question

Cormark Securities Research ReportCurrent price: $7.00Target price: $8.25Small cap stock with sold upside in Canada. Company has completed 6 acquisitions in the last 2 years, and is growing earnings rapidly (made hot profit 500 list 5 consecutive years)People Corporation is a leading provider of group benefits,group retirement and human resource products andservices to small- and medium-sized Canadianbusinesses. Through its subsidiaries, it offers benefits andpension consulting, third-party plan administration andhuman resource consultingInvestment Thesis:We believe People Corporation is set to post solid growth over our forecast horizon, driven by continued organic growth with upside from M&amp;A. With respect to acquisitions, we believe the firm is well positioned to execute on tuck-in acquisitions and larger transformational deals, with the firm seeing little competition for targets. Longer term, we believe People could end up as anacquisition target itself for a larger player seeking to tap into the SME market.We believe investors can look forward to a continued strong organic growth, an acceleration in deal activity and margin expansion as the platform scales.With PEO trading effectively in line with the comps on the base business (including minority interests) and a significant pipeline of accretive acquisition targets, we continue to see solid upside in the shares.

dopeman · Answer

Cormark Securities Research ReportCurrent price: $7.00Target price: $8.25Small cap stock with sold upside in Canada. Company has completed 6 acquisitions in the last 2 years, and is growing earnings rapidly (made hot profit 500 list 5 consecutive years)People Corporation is a leading provider of group benefits,group retirement and human resource products andservices to small- and medium-sized Canadianbusinesses. Through its subsidiaries, it offers benefits andpension consulting, third-party plan administration andhuman resource consultingInvestment Thesis:We believe People Corporation is set to post solid growth over our forecast horizon, driven by continued organic growth with upside from M&amp;A. With respect to acquisitions, we believe the firm is well positioned to execute on tuck-in acquisitions and larger transformational deals, with the firm seeing little competition for targets. Longer term, we believe People could end up as anacquisition target itself for a larger player seeking to tap into the SME market.We believe investors can look forward to a continued strong organic growth, an acceleration in deal activity and margin expansion as the platform scales.With PEO trading effectively in line with the comps on the base business (including minority interests) and a significant pipeline of accretive acquisition targets, we continue to see solid upside in the shares.

the6ix · Answer

Up to $7.45 now.  When is the next quarterly earnings released?

dopeman · Answer

Q2 earnings were released in April, and beat expectations.Stock now up to $7.74/share.  Expect it to hit $8.15&#x2B; by end of the year.

gambleholic63 · Answer

What a beautiful chart....consistent upward slope! Nice 10% pop. This is how you make money! &#xA;The stock has returned profits to virtually all investors regardless of entry point. Congrats!

Jurrasic_park · Answer

Stock is currently trading at $8.19/share.. think it hits $11 by next year as the acquisitions will continue.

Laurentian set a C$9.75 price objective on People and gave the stock a “buy” rating in a research report on Friday, August 24th.

People Corporation Announces Acquisition of Silverberg Group

Silverberg is one of the largest independent privately-owned employee group benefits consulting firms in Western Canada (the “Transaction”). Combined with the Company’s existing operations in Alberta, the Transaction establishes People Corporation as a market leader in this large and highly attractive market.

the6ix · Answer

all time high today of $9.03lets keep it rollin&#x27;

the6ix · Answer

hit 9.50 today, closed at 9.20.  Acquisition of another company announced today

the6ix · Answer

10.31 today..all time high. Company continues to acquire and consolidate the mid market, while also demonstrating solid organic growth.

CIBC/Cannacord/Cormark all have a buy rating, with a $12 price target

the6ix · Answer

Hit $11.10 yesterday, all time high.   Sitting at $10.95 currently.&#xA; &#xA;During COVID (March 2020), it went as low as $6

People Corporation (PEO.V) - strong upside

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