Skyline Champion Co. (NYSE:SKY) Receives $85.40 Consensus Target Price from Brokerages

Shares of Skyline Champion Co. (NYSE:SKY) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $85.40.

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

Institutional Investors Weigh In On Skyline Champion

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

Skyline Champion Stock Performance

NYSE:SKY opened at $90.97 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42. The stock’s fifty day moving average is $96.49 and its 200 day moving average is $90.75. The firm has a market capitalization of $5.22 billion, a PE ratio of 35.12 and a beta of 1.63. Skyline Champion has a fifty-two week low of $64.82 and a fifty-two week high of $116.49.

Skyline Champion (NYSE:SKY) last released its earnings results on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.32. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The firm had revenue of $616.88 million during the quarter, compared to analyst estimates of $600.52 million. During the same quarter last year, the business earned $0.82 EPS. The business’s revenue was up 32.9% on a year-over-year basis. On average, sell-side analysts anticipate that Skyline Champion will post 3.43 earnings per share for the current 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.