Peak Resorts Inc. (SKIS) Given Consensus Recommendation of “Buy” by Brokerages
Peak Resorts Inc. (NASDAQ:SKIS) has earned an average rating of “Buy” from the seven research firms that are currently covering the stock. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $6.40.
A number of brokerages have commented on SKIS. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $7.00 price target on shares of Peak Resorts in a research note on Tuesday, September 13th. Zacks Investment Research raised Peak Resorts from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research note on Tuesday, September 20th.
Several institutional investors have recently bought and sold shares of the stock. Spark Investment Management LLC acquired a new position in Peak Resorts during the third quarter valued at about $163,000. Bank of New York Mellon Corp boosted its position 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 valued at $398,000 after buying an additional 5,989 shares during the period. Emerald Acquisition Ltd. acquired a new position in Peak Resorts during the second quarter valued at about $856,000. Finally, Vanguard Group Inc. boosted its position in Peak Resorts by 5.6% in the second quarter. Vanguard Group Inc. now owns 190,415 shares of the company’s stock valued at $869,000 after buying an additional 10,100 shares during the period. 49.96% of the stock is currently owned by hedge funds and other institutional investors.
Peak Resorts (NASDAQ:SKIS) opened at 4.35 on Monday. Peak Resorts has a one year low of $2.60 and a one year high of $7.70. The company’s market capitalization is $60.82 million. The company has a 50 day moving average price of $4.69 and a 200-day moving average price of $4.54.
Peak Resorts (NASDAQ:SKIS) last announced its quarterly earnings results on Thursday, September 8th. The company reported ($0.56) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.59) by $0.03. The business had revenue of $7.10 million for the quarter, compared to analysts’ expectations of $8.12 million. Peak Resorts had a negative return on equity of 6.17% and a negative net margin of 4.16%. The business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.51) EPS. Analysts expect that Peak Resorts will post $0.27 EPS for the current fiscal year.
About Peak Resorts
Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; West Dover, Vermont, and Hunter, New York, and an 18 hole golf course in West Dover, Vermont.
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