Peak Resorts Inc. (NASDAQ:SKIS) Given Average Recommendation of “Buy” by Analysts
Shares of Peak Resorts Inc. (NASDAQ:SKIS) have been given a consensus rating of “Buy” by the seven brokerages that are currently covering the stock. Seven investment analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $6.29.
Several research analysts have weighed in on the company. Janney Montgomery Scott reissued a “buy” rating and issued a $5.00 price objective on shares of Peak Resorts in a research report on Sunday, July 17th. FBR & Co restated a “buy” rating and issued a $4.00 target price on shares of Peak Resorts in a research note on Monday, July 18th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $7.00 target price on shares of Peak Resorts in a research note on Tuesday, September 13th. Finally, Zacks Investment Research upgraded Peak Resorts from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a research note on Tuesday, September 20th.
Several hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised 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 last quarter. Emerald Acquisition Ltd. bought a new stake in Peak Resorts during the second quarter worth about $856,000. Finally, Vanguard Group Inc. raised 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 last quarter. Institutional investors own 50.77% of the company’s stock.
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Peak Resorts (NASDAQ:SKIS) traded down 0.59% during mid-day trading on Friday, hitting $5.08. The stock had a trading volume of 1,204 shares. Peak Resorts has a 52 week low of $2.60 and a 52 week high of $7.70. The stock’s market capitalization is $71.03 million. The company’s 50 day moving average is $4.87 and its 200-day moving average is $4.23.
Peak Resorts (NASDAQ:SKIS) last posted its quarterly earnings data on Thursday, September 8th. The company reported ($0.56) earnings per share 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 analysts’ expectations of $8.12 million. During the same quarter in the previous year, the firm earned ($0.51) earnings per share. The business’s revenue was up 31.5% on a year-over-year basis. On average, 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 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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