Skyline Champion Co. (NYSE:SKY) Receives $85.40 Average PT from Brokerages

Skyline Champion Co. (NYSE:SKY - Get Free Report) has been assigned an average recommendation of "Hold" from the five brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $85.40.

Several research firms have weighed in on SKY. Royal Bank of Canada raised their price target on Skyline Champion from $82.00 to $88.00 and gave the company a "sector perform" rating in a report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on shares of Skyline Champion from $79.00 to $86.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Craig Hallum lifted their target price on shares of Skyline Champion from $92.00 to $99.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Barclays raised their target price on Skyline Champion from $85.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st.

Skyline Champion Price Performance

NYSE:SKY traded down $4.79 during trading hours on Monday, hitting $91.24. The company's stock had a trading volume of 1,136,078 shares, compared to its average volume of 441,816. The company has a market capitalization of $5.24 billion, a P/E ratio of 35.23 and a beta of 1.59. 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 stock has a fifty day simple moving average of $98.10 and a 200-day simple moving average of $87.80. Skyline Champion has a twelve month low of $64.82 and a twelve month high of $116.49.

Skyline Champion (NYSE:SKY - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.32. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. The company had revenue of $616.88 million during the quarter, compared to analyst estimates of $600.52 million. During the same quarter last year, the business posted $0.82 EPS. Skyline Champion's quarterly revenue was up 32.9% compared to the same quarter last year. On average, analysts anticipate that Skyline Champion will post 3.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Skyline Champion

Hedge funds and other institutional investors have recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in Skyline Champion during the third quarter worth about $32,000. Quarry LP purchased a new stake in shares of Skyline Champion during the 3rd quarter valued at $67,000. nVerses Capital LLC purchased a new stake in Skyline Champion during the third quarter valued at about $76,000. MML Investors Services LLC bought a new stake in shares of Skyline Champion in the 3rd quarter valued at about $216,000. Finally, Cannon Global Investment Management LLC purchased a new position in Skyline Champion in the 2nd quarter worth approximately $217,000.

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.