Skyline Champion (NYSE:SKY) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Skyline Champion (NYSE:SKY) had its target price boosted by investment analysts at Royal Bank of Canada from $88.00 to $96.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential downside of 7.59% from the company’s previous close.

Several other brokerages have also recently issued reports on SKY. Jefferies Financial Group upped their target price on Skyline Champion from $79.00 to $86.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Barclays upped their target price on Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. 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 report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $90.20.

Skyline Champion Stock Down 1.8 %

Shares of SKY opened at $103.89 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.42. Skyline Champion has a one year low of $64.82 and a one year high of $116.49. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 40.11 and a beta of 1.62. The stock has a 50 day moving average price of $94.76 and a 200 day moving average price of $92.51.

Skyline Champion (NYSE:SKY) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.04 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%. Equities research analysts forecast that Skyline Champion will post 3.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Skyline Champion

Several large investors have recently modified their holdings of the business. SkyView Investment Advisors LLC lifted its stake in shares of Skyline Champion by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,243 shares of the company’s stock valued at $592,000 after purchasing an additional 132 shares during the last quarter. CWM LLC lifted its stake in shares of 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 purchasing an additional 158 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of 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 purchasing an additional 171 shares during the last quarter. Ulland Investment Advisors LLC lifted its stake in Skyline Champion by 0.3% during the 4th quarter. Ulland Investment Advisors LLC now owns 52,610 shares of the company’s stock worth $4,635,000 after acquiring an additional 171 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Skyline Champion by 3.7% during the 4th quarter. HighTower Advisors LLC now owns 5,019 shares of the company’s stock worth $442,000 after acquiring an additional 180 shares in 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.