Skyline Champion (NYSE:SKY) Price Target Raised to $96.00

Skyline Champion (NYSE:SKY) had its target price raised by equities researchers at Royal Bank of Canada from $88.00 to $96.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price indicates a potential downside of 8.31% from the company’s previous close.

A number of other brokerages have also recently issued reports on SKY. Barclays upped their target price on Skyline Champion from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Jefferies Financial Group upped their price target on Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Craig Hallum upped their target price on Skyline Champion from $92.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $87.00.

Skyline Champion Stock Performance

Shares of NYSE SKY traded down $0.57 during midday trading on Thursday, reaching $104.70. 177,403 shares of the company traded hands, compared to its average volume of 696,970. Skyline Champion has a 52 week low of $64.82 and a 52 week high of $116.49. The stock has a 50-day moving average price of $94.72 and a 200 day moving average price of $92.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 40.45 and a beta of 1.62.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.24. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. Sell-side analysts anticipate that Skyline Champion will post 3.43 earnings per share for the current fiscal year.

Institutional Trading of Skyline Champion

Several large investors have recently made changes to their positions in SKY. SkyView Investment Advisors LLC raised its position in shares of Skyline Champion by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company’s stock worth $592,000 after purchasing an additional 132 shares during the period. CWM LLC raised its position in Skyline Champion by 7.4% in the 3rd quarter. CWM LLC now owns 2,286 shares of the company’s stock valued at $217,000 after buying an additional 158 shares during the last quarter. Verdence Capital Advisors LLC raised its position in Skyline Champion by 5.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,514 shares of the company’s stock valued at $333,000 after buying an additional 171 shares during the last quarter. Ulland Investment Advisors LLC raised its position in Skyline Champion by 0.3% in the 4th quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company’s stock valued at $4,635,000 after buying an additional 171 shares during the last quarter. Finally, Mirador Capital Partners LP raised its position in Skyline Champion by 0.6% in the 4th quarter. Mirador Capital Partners LP now owns 51,514 shares of the company’s stock valued at $4,538,000 after buying an additional 294 shares during the last quarter.

About Skyline Champion

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.