Desjardins Thinks Uni-Select’s Stock is Going to Recover

By Carrie Williams

Uni-Select (TSX: UNS), the Services sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Benoit Poirier from Desjardins reiterated a Buy rating, with a C$34 price target.

Poirier has an average return of 2.8% when recommending Uni-Select.

According to TipRanks.com, Poirier is ranked #620 out of 4619 analysts.

Uni-Select has an analyst consensus of Strong Buy, with a price target consensus of C$35.75.

Based on Uni-Select’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of C$458 million and quarterly net profit of C$18.47 million. In comparison, last year the company earned revenue of C$417 million and had a net profit of C$21.66 million.

Uni-Sélect, Inc. focuses on the distribution, sale and marketing of automotive replacement parts and accessories, tools and equipment and paint, and collision repair products in Canada and U.S. The company operates its business through three segments: Paint and related products, Automotive products, and Corporate and others.

The company’s shares closed on Tuesday at C$27.69, close to its 52-week high of C$37.03.