Skyline Champion Co. (NYSE:SKY) Receives $71.40 Consensus Price Target from Analysts

Shares of Skyline Champion Co. (NYSE:SKY) have been assigned an average rating of “Hold” from the five ratings firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $71.40.

A number of research firms have commented on SKY. Royal Bank of Canada lifted their price objective on shares of Skyline Champion from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 7th. Wedbush reissued a “neutral” rating and issued a $72.00 target price on shares of Skyline Champion in a research report on Tuesday, February 6th.

Skyline Champion Trading Up 1.3 %

SKY stock opened at $76.35 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.56 and a quick ratio of 1.71. The company has a fifty day moving average price of $80.94 and a two-hundred day moving average price of $71.58. Skyline Champion has a one year low of $52.12 and a one year high of $86.71. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 21.88 and a beta of 1.53.

Skyline Champion (NYSE:SKY) last released its quarterly earnings data on Monday, February 5th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. Skyline Champion had a net margin of 10.19% and a return on equity of 15.45%. The firm had revenue of $559.46 million during the quarter, compared to analysts’ expectations of $505.20 million. Equities analysts anticipate that Skyline Champion will post 3.19 EPS for the current year.

Institutional Investors Weigh In On Skyline Champion

A number of institutional investors have recently modified their holdings of the business. National Bank of Canada FI lifted its position in Skyline Champion by 5.5% during the third quarter. National Bank of Canada FI now owns 34,213 shares of the company’s stock worth $2,065,000 after purchasing an additional 1,769 shares during the period. Arkadios Wealth Advisors raised its stake in Skyline Champion by 3.2% during the third quarter. Arkadios Wealth Advisors now owns 5,345 shares of the company’s stock worth $341,000 after acquiring an additional 168 shares in the last quarter. SG Americas Securities LLC acquired a new position in Skyline Champion during the third quarter worth about $1,499,000. Integrated Investment Consultants LLC raised its stake in Skyline Champion by 3.7% during the third quarter. Integrated Investment Consultants LLC now owns 202,349 shares of the company’s stock worth $12,894,000 after acquiring an additional 7,187 shares in the last quarter. Finally, Voss Capital LLC raised its stake in Skyline Champion by 5.4% during the third quarter. Voss Capital LLC now owns 357,007 shares of the company’s stock worth $22,748,000 after acquiring an additional 18,220 shares in the last quarter.

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.