Peak Resorts Inc. (SKIS) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Peak Resorts Inc. (NASDAQ:SKIS) from a hold rating to a buy rating in a research note issued to investors on Tuesday. They currently have $5.75 price target on the stock.
According to Zacks, “Peak Resorts, Inc. is an owner and operator of ski resorts in the U.S. The resorts under the company’s umbrella offer a breadth of activities, services and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking and other summer activities. Its ski properties are located throughout the Midwest, Northeast and Southeast United States. Peak Resorts, Inc. is headquartered in Wildwood, Missouri. “
A number of other research analysts have also weighed in on SKIS. Macquarie raised shares of Peak Resorts from an underperform rating to an outperform rating in a research report on Thursday, May 26th. Janney Montgomery Scott reissued a buy rating and set a $5.00 target price on shares of Peak Resorts in a research report on Sunday, July 17th. FBR & Co reissued a buy rating and set a $4.00 target price on shares of Peak Resorts in a research report on Monday, July 18th. Finally, Oppenheimer Holdings Inc. reissued an outperform rating and set a $7.00 target price on shares of Peak Resorts in a research report on Tuesday, September 13th. Seven analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and a consensus price target of $6.29.
Shares of Peak Resorts (NASDAQ:SKIS) traded up 2.18% during trading on Tuesday, reaching $5.15. The company’s stock had a trading volume of 28,097 shares. The stock’s market capitalization is $72.01 million. Peak Resorts has a 1-year low of $2.60 and a 1-year high of $7.70. The company’s 50-day moving average price is $4.85 and its 200 day moving average price is $4.10.
Peak Resorts (NASDAQ:SKIS) last released its earnings results on Thursday, September 8th. The company reported ($0.56) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.59) by $0.03. The firm earned $7.10 million during the quarter, compared to analyst estimates of $8.12 million. Peak Resorts had a negative net margin of 4.16% and a negative return on equity of 6.17%. The business’s revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.51) EPS. Analysts anticipate that Peak Resorts will post $0.27 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in SKIS. Emerald Acquisition Ltd. bought a new position in shares of Peak Resorts during the second quarter worth approximately $856,000. Vanguard Group Inc. raised its position in Peak Resorts by 5.6% in the second quarter. Vanguard Group Inc. now owns 190,415 shares of the company’s stock valued at $869,000 after buying an additional 10,100 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Peak Resorts by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 87,332 shares of the company’s stock valued at $398,000 after buying an additional 5,989 shares during the period. 50.77% of the stock is owned by institutional investors and hedge funds.
Peak Resorts Company Profile
Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts in the United States. As of April 30, 2015, the Company operated 13 ski resorts, including five overnight drive ski resorts and eight day ski resorts located across six states, including Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire, and West Dover, Vermont.
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