Peak Resorts Inc (NASDAQ:SKIS) has been assigned an average recommendation of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $7.00.
Several research analysts recently issued reports on SKIS shares. ValuEngine raised Peak Resorts from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 22nd. Stifel Nicolaus cut Peak Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Janney Montgomery Scott cut Peak Resorts from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 23rd. TheStreet raised Peak Resorts from a “d+” rating to a “c-” rating in a research note on Wednesday, July 24th. Finally, Zacks Investment Research cut Peak Resorts from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th.
Shares of NASDAQ SKIS opened at $10.98 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.05 and a current ratio of 1.10. The business’s 50 day moving average price is $10.93 and its 200-day moving average price is $6.17. Peak Resorts has a fifty-two week low of $3.75 and a fifty-two week high of $11.00. The company has a market cap of $167.30 million, a price-to-earnings ratio of 24.40 and a beta of 0.98.
Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings results on Thursday, June 27th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.28. Peak Resorts had a return on equity of 14.31% and a net margin of 4.83%. The firm had revenue of $85.46 million for the quarter, compared to the consensus estimate of $76.27 million. Sell-side analysts predict that Peak Resorts will post -0.11 earnings per share for the current year.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Peak Resorts by 14.8% in the second quarter. BlackRock Inc. now owns 42,426 shares of the company’s stock worth $201,000 after purchasing an additional 5,471 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in Peak Resorts by 10.5% in the second quarter. Oppenheimer & Co. Inc. now owns 114,096 shares of the company’s stock worth $542,000 after purchasing an additional 10,867 shares in the last quarter. Renaissance Technologies LLC grew its stake in Peak Resorts by 7.4% in the second quarter. Renaissance Technologies LLC now owns 179,601 shares of the company’s stock worth $853,000 after purchasing an additional 12,349 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in Peak Resorts by 13.9% in the first quarter. Pinnacle Associates Ltd. now owns 102,579 shares of the company’s stock worth $467,000 after purchasing an additional 12,500 shares in the last quarter. Finally, River & Mercantile Asset Management LLP bought a new stake in Peak Resorts during the 2nd quarter valued at $584,000. 41.33% of the stock is currently owned by institutional investors.
Peak Resorts Company Profile
Peak Resorts, Inc, through its subsidiaries, owns, operates, and leases day and overnight drive ski resorts in the United States. Its resorts activities and amenities include skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction, zip lines, mountain coasters, mountain biking, hiking, and other summer activities.
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