Peak Resorts Inc. (SKIS) Rating Reiterated by Oppenheimer Holdings Inc.

peak-resorts-inc-skis-rating-reiterated-by-oppenheimer-holdings-inc.GIF

Peak Resorts Inc. (NASDAQ:SKIS)‘s stock had its “outperform” rating reaffirmed by research analysts at Oppenheimer Holdings Inc. in a report issued on Tuesday. They currently have a $7.00 price target on the stock. Oppenheimer Holdings Inc.’s price target points to a potential upside of 49.73% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Janney Montgomery Scott reiterated a “buy” rating and set a $5.00 price target on shares of Peak Resorts in a research report on Sunday, July 17th. FBR & Co reissued a “buy” rating and set a $4.00 price objective on shares of Peak Resorts in a research note on Monday, July 18th. Zacks Investment Research raised Peak Resorts from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 25th. Finally, Macquarie raised Peak Resorts from an “underperform” rating to an “outperform” rating in a research note on Thursday, May 26th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $6.40.
Shares of Peak Resorts (NASDAQ:SKIS) traded down 2.03% during trading on Tuesday, hitting $4.58. The stock had a trading volume of 20,425 shares. The company’s 50 day moving average price is $4.86 and its 200 day moving average price is $4.05. The stock’s market cap is $64.04 million. Peak Resorts has a 12 month low of $2.60 and a 12 month high of $7.70.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/13/peak-resorts-inc-skis-rating-reiterated-by-oppenheimer-holdings-inc.html

Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings results 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 firm earned $7.10 million during the quarter, compared to analysts’ expectations of $8.12 million. During the same period in the previous year, the business earned ($0.51) earnings per share. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. Equities research analysts expect that Peak Resorts will post $0.22 earnings per share for the current fiscal year.
Several 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 valued at $869,000 after buying an additional 10,100 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of Peak Resorts during the second quarter valued at approximately $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 valued at $398,000 after buying an additional 5,989 shares during the period. 50.77% of the stock is currently owned by institutional investors and hedge funds.
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.

Receive News & Ratings for Peak Resorts Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Peak Resorts Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Be the first to comment on "Peak Resorts Inc. (SKIS) Rating Reiterated by Oppenheimer Holdings Inc."

Leave a comment

Your email address will not be published.

*