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

Skyline Champion (NYSE:SKY - Free Report) had its target price upped by Royal Bank of Canada from $88.00 to $96.00 in a research note released on Thursday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the stock.

A number of other analysts also recently weighed in on SKY. 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 report on Wednesday, October 30th. Jefferies Financial Group increased their target price on Skyline Champion from $79.00 to $86.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. 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 report on Thursday, October 31st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $90.20.

Skyline Champion Stock Performance

Skyline Champion stock traded up $1.67 during midday trading on Thursday, reaching $105.55. 584,686 shares of the company's stock were exchanged, compared to its average volume of 704,607. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.64 and a current ratio of 2.59. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 37.17 and a beta of 1.62. Skyline Champion has a 52 week low of $64.82 and a 52 week high of $116.49. The stock's 50-day simple moving average is $94.76 and its 200 day simple moving average is $92.73.

Skyline Champion (NYSE:SKY - Get Free Report) last issued 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 net margin of 6.80% and a return on equity of 13.80%. On average, analysts expect that Skyline Champion will post 3.54 earnings per share for the current fiscal year.

Institutional Trading of Skyline Champion

Large investors have recently modified their holdings of the stock. FMR LLC boosted its stake in Skyline Champion by 32.3% during the third quarter. FMR LLC now owns 1,491,907 shares of the company's stock worth $141,507,000 after acquiring an additional 363,885 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Skyline Champion during the third quarter valued at about $27,769,000. Principal Financial Group Inc. boosted its position in shares of Skyline Champion by 5,843.2% during the 4th quarter. Principal Financial Group Inc. now owns 256,924 shares of the company's stock worth $22,635,000 after purchasing an additional 252,601 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Skyline Champion by 80.7% in the 4th quarter. Bank of New York Mellon Corp now owns 351,060 shares of the company's stock valued at $30,928,000 after buying an additional 156,757 shares during the period. Finally, Cerity Partners LLC increased its position in Skyline Champion by 118.8% in the 3rd quarter. Cerity Partners LLC now owns 188,767 shares of the company's stock valued at $17,905,000 after buying an additional 102,506 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.