Analysts Set Skyline Champion Co. (NYSE:SKY) Price Target at $85.40

Skyline Champion Co. (NYSE:SKY) has been assigned a consensus rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $85.40.

A number of analysts have recently weighed in on the stock. Barclays raised their price target on shares of Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Craig Hallum increased their price target on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada boosted their price objective on Skyline Champion from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their target price on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th.

Skyline Champion Stock Performance

Shares of SKY stock opened at $91.89 on Monday. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.27 billion, a PE ratio of 35.48 and a beta of 1.59. The company’s fifty day simple moving average is $97.80 and its 200-day simple moving average is $88.16. Skyline Champion has a 52 week low of $64.82 and a 52 week high of $116.49.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. The firm had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The firm’s revenue was up 32.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 EPS. As a group, equities research analysts anticipate that Skyline Champion will post 3.43 EPS for the current year.

Institutional Trading of Skyline Champion

Hedge funds have recently made changes to their positions in the stock. Truvestments Capital LLC bought a new position in Skyline Champion in the 3rd quarter worth approximately $32,000. Quarry LP bought a new position in shares of Skyline Champion in the third quarter worth $67,000. nVerses Capital LLC acquired a new position in shares of Skyline Champion during the third quarter valued at $76,000. MML Investors Services LLC bought a new stake in shares of Skyline Champion during the third quarter valued at about $216,000. Finally, CWM LLC lifted its holdings in Skyline Champion by 7.4% in the third quarter. CWM LLC now owns 2,286 shares of the company’s stock worth $217,000 after purchasing an additional 158 shares during the period.

About Skyline Champion

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.