Peak Resorts Inc. (NASDAQ:SKIS) Given Average Recommendation of “Buy” by Analysts
Shares of Peak Resorts Inc. (NASDAQ:SKIS) have been assigned a consensus rating of “Buy” from the seven brokerages that are currently covering the stock. Seven research analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued a report on the stock in the last year is $6.29.
A number of brokerages have recently issued reports on SKIS. Janney Montgomery Scott reiterated a “buy” rating and set a $5.00 price objective on shares of Peak Resorts in a research note on Sunday, July 17th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $7.00 price objective on shares of Peak Resorts in a research note on Tuesday, September 13th. Zacks Investment Research upgraded Peak Resorts from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a research note on Tuesday, September 20th. Finally, FBR & Co reiterated a “buy” rating and set a $4.00 price objective on shares of Peak Resorts in a research note on Monday, July 18th.
Peak Resorts (NASDAQ:SKIS) traded down 0.59% during mid-day trading on Friday, hitting $5.08. 1,204 shares of the company traded hands. The company’s market capitalization is $71.03 million. Peak Resorts has a one year low of $2.60 and a one year high of $7.70. The company’s 50-day moving average price is $4.87 and its 200 day moving average price is $4.23.
Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings data on Thursday, September 8th. The company reported ($0.56) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.03. Peak Resorts had a negative return on equity of 6.17% and a negative net margin of 4.16%. The company had revenue of $7.10 million for the quarter, compared to analysts’ expectations of $8.12 million. During the same quarter in the prior year, the business posted ($0.51) EPS. The business’s revenue was up 31.5% compared to the same quarter last year. On average, analysts anticipate that Peak Resorts will post $0.27 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in Peak Resorts by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 87,332 shares of the company’s stock worth $398,000 after buying an additional 5,989 shares during the period. Vanguard Group Inc. boosted its stake in Peak Resorts by 5.6% in the second quarter. Vanguard Group Inc. now owns 190,415 shares of the company’s stock worth $869,000 after buying an additional 10,100 shares during the period. Finally, Emerald Acquisition Ltd. purchased a new position in Peak Resorts during the second quarter valued at $856,000. Institutional investors and hedge funds own 50.77% of the company’s stock.
Peak Resorts Company Profile
Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts in the United States. As of April 30, 2015, the Company operated 13 ski resorts, including five overnight drive ski resorts and eight day ski resorts located across six states, including Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire, and West Dover, Vermont.
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