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Skyline Champion Co. (NYSE:SKY) Receives Consensus Rating of "Hold" from Analysts

Skyline Champion logo with Construction background

Shares of Skyline Champion Co. (NYSE:SKY - Get Free Report) have received a consensus recommendation of "Hold" from the five analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $85.40.

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

Read Our Latest Stock Analysis on SKY

Skyline Champion Stock Down 1.8 %

Shares of NYSE:SKY traded down $1.62 during trading on Friday, hitting $90.58. 1,009,321 shares of the company's stock traded hands, compared to its average volume of 764,675. Skyline Champion has a 52 week low of $64.82 and a 52 week high of $116.49. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $96.75 and a 200-day moving average price of $90.07. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 34.97 and a beta of 1.63.

Skyline Champion (NYSE:SKY - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.32. The business had revenue of $616.88 million for the quarter, compared to analyst estimates of $600.52 million. Skyline Champion had a net margin of 6.42% and a return on equity of 13.20%. Skyline Champion's quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 EPS. As a group, research analysts forecast that Skyline Champion will post 3.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Skyline Champion

A number of large investors have recently bought and sold shares of SKY. Summit Partners Public Asset Management LLC lifted its holdings in Skyline Champion by 23.3% during the third quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company's stock valued at $38,383,000 after purchasing an additional 76,573 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Skyline Champion by 38.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 42,700 shares of the company's stock valued at $2,893,000 after purchasing an additional 11,900 shares during the last quarter. Algert Global LLC raised its holdings in shares of Skyline Champion by 164.1% in the 3rd quarter. Algert Global LLC now owns 14,590 shares of the company's stock valued at $1,384,000 after buying an additional 9,066 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Skyline Champion by 137.5% in the third quarter. JPMorgan Chase & Co. now owns 127,307 shares of the company's stock valued at $12,075,000 after purchasing an additional 73,697 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Skyline Champion by 26.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 119,154 shares of the company's stock worth $10,497,000 after acquiring an additional 24,781 shares during the period.

Skyline Champion Company Profile

(Get Free Report

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.

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