Analysts Set Skyline Champion Co. (NYSE:SKY) Price Target at $71.40

Shares of Skyline Champion Co. (NYSE:SKY) have earned a consensus rating of “Hold” from the five research firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $71.40.

Several equities analysts have recently commented on SKY shares. Royal Bank of Canada boosted their target price on shares of Skyline Champion from $69.00 to $73.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 7th. Wedbush restated a “neutral” rating and issued a $72.00 price target on shares of Skyline Champion in a research report on Tuesday, February 6th.

Skyline Champion Stock Performance

Shares of SKY stock opened at $75.41 on Monday. The company has a 50 day moving average price of $81.14 and a 200-day moving average price of $71.45. Skyline Champion has a 52 week low of $52.12 and a 52 week high of $86.71. The firm has a market capitalization of $4.35 billion, a PE ratio of 21.61 and a beta of 1.53. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last announced its earnings results on Monday, February 5th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.12. The company had revenue of $559.46 million during the quarter, compared to analyst estimates of $505.20 million. Skyline Champion had a net margin of 10.19% and a return on equity of 15.45%. As a group, equities research analysts expect that Skyline Champion will post 3.19 earnings per share for the current year.

Institutional Trading of Skyline Champion

A number of hedge funds have recently added to or reduced their stakes in SKY. DekaBank Deutsche Girozentrale purchased a new stake in shares of Skyline Champion during the third quarter valued at about $94,000. Kessler Investment Group LLC purchased a new stake in shares of Skyline Champion during the fourth quarter valued at about $123,000. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Skyline Champion during the fourth quarter valued at about $219,000. Outlook Wealth Advisors LLC purchased a new stake in shares of Skyline Champion during the fourth quarter valued at about $231,000. Finally, GW Henssler & Associates Ltd. purchased a new position in shares of Skyline Champion in the 3rd quarter valued at approximately $202,000.

Skyline Champion Company Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.