Skyline Champion Co. (NYSE:SKY) Receives Average Rating of “Hold” from Analysts

Skyline Champion Co. (NYSE:SKY) has received an average rating of “Hold” from the five ratings firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $90.20.

Several research firms recently issued reports on SKY. Barclays raised their price target on Skyline Champion from $90.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Craig Hallum raised their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their price target on shares of Skyline Champion from $88.00 to $96.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th.

Institutional Trading of Skyline Champion

A number of large investors have recently made changes to their positions in the company. CWM LLC grew its position in shares of Skyline Champion by 7.4% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after purchasing an additional 158 shares during the period. Creative Planning lifted its stake in Skyline Champion by 166.7% in the third quarter. Creative Planning now owns 10,049 shares of the company’s stock valued at $953,000 after buying an additional 6,281 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Skyline Champion in the third quarter valued at approximately $76,000. Net Worth Advisory Group bought a new stake in shares of Skyline Champion during the third quarter worth $272,000. Finally, OLD National Bancorp IN acquired a new stake in shares of Skyline Champion during the third quarter worth $225,000.

Skyline Champion Stock Up 1.6 %

Shares of SKY opened at $105.55 on Tuesday. The company has a market capitalization of $6.05 billion, a P/E ratio of 37.17 and a beta of 1.62. Skyline Champion has a one year low of $64.82 and a one year high of $116.49. The business’s 50 day simple moving average is $94.77 and its 200-day simple moving average is $92.93. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.64.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24. Skyline Champion had a net margin of 6.80% and a return on equity of 13.80%. As a group, sell-side analysts predict that Skyline Champion will post 3.54 EPS for the current fiscal year.

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.