Skyline Champion Co. (NYSE:SKY) Receives $88.40 Average Target Price from Brokerages

Skyline Champion Co. (NYSE:SKY - Get Free Report) has earned a consensus recommendation of "Hold" from the five brokerages that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $88.40.

A number of analysts recently commented on SKY shares. Royal Bank of Canada lifted their price target on Skyline Champion from $88.00 to $96.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. Barclays decreased their target price on Skyline Champion from $106.00 to $97.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th.

Hedge Funds Weigh In On Skyline Champion

Several institutional investors and hedge funds have recently bought and sold shares of the company. Intech Investment Management LLC lifted its position in shares of Skyline Champion by 27.4% during the 1st quarter. Intech Investment Management LLC now owns 27,696 shares of the company's stock valued at $2,624,000 after buying an additional 5,953 shares during the last quarter. United Services Automobile Association purchased a new stake in Skyline Champion during the first quarter valued at about $323,000. Goldman Sachs Group Inc. boosted its position in Skyline Champion by 63.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,007,639 shares of the company's stock worth $95,484,000 after purchasing an additional 392,159 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in Skyline Champion by 54.4% during the first quarter. Dynamic Technology Lab Private Ltd now owns 8,267 shares of the company's stock worth $783,000 after purchasing an additional 2,912 shares during the period. Finally, Punch & Associates Investment Management Inc. increased its stake in shares of Skyline Champion by 2.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 163,635 shares of the company's stock worth $15,506,000 after purchasing an additional 3,293 shares in the last quarter.

Skyline Champion Stock Down 1.8%

Shares of NYSE SKY traded down $1.57 during trading on Thursday, hitting $84.09. The stock had a trading volume of 702,271 shares, compared to its average volume of 542,309. The firm has a fifty day moving average of $87.99 and a two-hundred day moving average of $93.99. The company has a market capitalization of $4.82 billion, a PE ratio of 29.61 and a beta of 1.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.59 and a quick ratio of 1.74. Skyline Champion has a 12 month low of $64.82 and a 12 month high of $116.49.

Skyline Champion Company Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.