Skyline (SKY) Coverage Initiated at Jefferies Financial Group
Investment analysts at Jefferies Financial Group began coverage on shares of Skyline (NYSEAMERICAN:SKY) in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $36.00 price target on the construction company’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 26.81% from the stock’s current price.
Other research analysts also recently issued research reports about the company. Craig Hallum initiated coverage on Skyline in a research note on Thursday, May 24th. They set a “buy” rating and a $37.00 price target for the company. SunTrust Banks began coverage on Skyline in a research note on Tuesday, September 4th. They set a “hold” rating and a $30.00 price target for the company. Finally, Royal Bank of Canada began coverage on Skyline in a research report on Tuesday, August 28th. They set an “outperform” rating and a $33.00 price objective for the company. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Skyline currently has a consensus rating of “Buy” and an average price target of $34.00.
NYSEAMERICAN:SKY opened at $28.39 on Friday. Skyline has a 52-week low of $10.31 and a 52-week high of $35.65.
Institutional investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC purchased a new stake in Skyline during the 1st quarter worth about $117,000. Barclays PLC purchased a new stake in Skyline in the 1st quarter valued at about $187,000. California Public Employees Retirement System purchased a new stake in Skyline in the 1st quarter valued at about $218,000. Sather Financial Group Inc purchased a new stake in Skyline in the 1st quarter valued at about $220,000. Finally, Rhumbline Advisers purchased a new stake in Skyline in the 2nd quarter valued at about $289,000.
Skyline Corporation designs, produces, and markets manufactured housing, modular housing, and park models to independent dealers and manufactured housing communities in the United States and Canada. The company's manufactured housing models include two to four bedrooms, kitchen, dining area, living room, one or two bathrooms, kitchen appliances, and central heating and cooling products, as well as exterior dormers and windows, interior or exterior accent columns, fireplaces, and whirlpool tubs.
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