Peak Resorts (SKIS) Stock Rating Reaffirmed by Oppenheimer

Peak Resorts (NASDAQ:SKIS)‘s stock had its “buy” rating restated by Oppenheimer in a report released on Friday. They presently have a $7.00 price objective on the stock. Oppenheimer’s price objective suggests a potential upside of 37.25% from the stock’s previous close.

A number of other brokerages also recently weighed in on SKIS. ValuEngine upgraded Peak Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Stifel Nicolaus boosted their price target on Peak Resorts from $6.00 to $7.00 and gave the company a “buy” rating in a report on Friday. B. Riley reiterated a “buy” rating and issued a $6.00 price target on shares of Peak Resorts in a report on Friday. Zacks Investment Research upgraded Peak Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, FBR & Co reiterated a “buy” rating on shares of Peak Resorts in a report on Tuesday, October 24th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $6.29.

Peak Resorts (NASDAQ SKIS) opened at $5.10 on Friday. Peak Resorts has a 52-week low of $4.00 and a 52-week high of $6.20. The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 2.77.

Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings results on Thursday, December 7th. The company reported ($0.66) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.64) by ($0.02). Peak Resorts had a negative net margin of 0.95% and a negative return on equity of 1.73%. The firm had revenue of $8.84 million during the quarter, compared to the consensus estimate of $8.64 million. During the same quarter last year, the firm posted ($0.57) earnings per share. Peak Resorts’s revenue was up 4.0% compared to the same quarter last year. equities analysts anticipate that Peak Resorts will post 0.05 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of SKIS. Dimensional Fund Advisors LP grew its stake in Peak Resorts by 93.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock worth $116,000 after buying an additional 12,895 shares during the last quarter. Spark Investment Management LLC bought a new position in shares of Peak Resorts in the second quarter worth $251,000. Essex Investment Management Co. LLC grew its stake in shares of Peak Resorts by 148.8% in the third quarter. Essex Investment Management Co. LLC now owns 74,872 shares of the company’s stock worth $326,000 after purchasing an additional 44,774 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Peak Resorts by 29.5% in the second quarter. Pinnacle Associates Ltd. now owns 100,688 shares of the company’s stock worth $413,000 after purchasing an additional 22,960 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Peak Resorts by 56.5% in the first quarter. Renaissance Technologies LLC now owns 129,601 shares of the company’s stock worth $732,000 after purchasing an additional 46,801 shares in the last quarter. Hedge funds and other institutional investors own 44.92% of the company’s stock.

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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.

Analyst Recommendations for Peak Resorts (NASDAQ:SKIS)

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