Peak Resorts Inc. (SKIS) Upgraded at Zacks Investment Research
Peak Resorts Inc. (NASDAQ:SKIS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $5.75 price target on the stock. Zacks Investment Research’s price objective suggests a potential upside of 14.09% from the company’s current price.
According to Zacks, “Peak Resorts, Inc. is an owner and operator of ski resorts in the U.S. The resorts under the company’s umbrella offer a breadth of activities, services and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking and other summer activities. Its ski properties are located throughout the Midwest, Northeast and Southeast United States. Peak Resorts, Inc. is headquartered in Wildwood, Missouri. “
A number of other brokerages have also issued reports on SKIS. FBR & Co reiterated a “buy” rating and set a $4.00 target price on shares of Peak Resorts in a research report on Monday, July 18th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $7.00 target price on shares of Peak Resorts in a research report on Tuesday, September 13th. Janney Montgomery Scott reiterated a “buy” rating and set a $5.00 target price on shares of Peak Resorts in a research report on Sunday, July 17th. Finally, Macquarie upgraded Peak Resorts from an “underperform” rating to an “outperform” rating in a research report on Thursday, May 26th. Seven equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $6.29.
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Shares of Peak Resorts (NASDAQ:SKIS) traded down 0.40% during mid-day trading on Tuesday, hitting $5.04. 24,481 shares of the stock were exchanged. The stock’s market cap is $70.47 million. Peak Resorts has a 12 month low of $2.60 and a 12 month high of $7.70. The company has a 50-day moving average price of $4.85 and a 200-day moving average price of $4.10.
Peak Resorts (NASDAQ:SKIS) last released its quarterly earnings data on Thursday, September 8th. The company reported ($0.56) EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $7.10 million for the quarter, compared to analyst estimates of $8.12 million. During the same quarter in the prior year, the firm posted ($0.51) EPS. The business’s quarterly revenue was up 31.5% compared to the same quarter last year. Equities analysts expect that Peak Resorts will post $0.27 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of 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 last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Peak Resorts during the second quarter worth $856,000. Finally, Bank of New York Mellon Corp raised its position in shares of 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 last quarter. Institutional investors own 50.77% of the company’s stock.
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 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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