Peak Resorts Inc. (NASDAQ:SKIS) Receives $6.29 Average Target Price from Brokerages
Shares of Peak Resorts Inc. (NASDAQ:SKIS) have earned an average recommendation of “Buy” from the seven analysts that are presently covering the company. Seven analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $6.29.
SKIS has been the topic of several analyst reports. FBR & Co reiterated a “buy” rating and set a $4.00 target price on shares of Peak Resorts in a report on Monday, July 18th. Zacks Investment Research upgraded Peak Resorts from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a report on Tuesday, September 20th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $7.00 price objective on shares of Peak Resorts in a report on Tuesday, September 13th. Finally, Janney Montgomery Scott restated a “buy” rating and set a $5.00 price objective on shares of Peak Resorts in a report on Sunday, July 17th.
Shares of Peak Resorts (NASDAQ:SKIS) opened at 5.08 on Friday. The stock’s 50 day moving average price is $4.87 and its 200 day moving average price is $4.24. Peak Resorts has a 1-year low of $2.60 and a 1-year high of $7.70. The stock’s market cap is $71.03 million.
Peak Resorts (NASDAQ:SKIS) last announced its earnings results on Thursday, September 8th. The company reported ($0.56) EPS for the quarter, beating the consensus estimate of ($0.59) by $0.03. The business had revenue of $7.10 million for the quarter, compared to the consensus estimate of $8.12 million. Peak Resorts had a negative return on equity of 6.17% and a negative net margin of 4.16%. The company’s revenue was up 31.5% on a year-over-year basis. During the same period last year, the business posted ($0.51) EPS. On average, equities research analysts anticipate that Peak Resorts will post $0.27 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of 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 last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Peak Resorts during the second quarter valued at approximately $856,000. Finally, Bank of New York Mellon Corp raised its position in shares of 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 last quarter. Institutional investors own 50.77% of the company’s stock.
About Peak Resorts
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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