Zacks Investment Research upgraded shares of Peak Resorts Inc. (NASDAQ:SKIS) from a hold rating to a buy rating in a report published on Tuesday morning. Zacks Investment Research currently has $5.75 target price on the stock.
According to Zacks, “Peak Resorts, Inc. is an owner and operator of ski resorts in the U.S. The resorts under the company’s umbrella offer a breadth of activities, services and amenities, including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking and other summer activities. Its ski properties are located throughout the Midwest, Northeast and Southeast United States. Peak Resorts, Inc. is headquartered in Wildwood, Missouri. “
SKIS has been the topic of a number of other research reports. Macquarie raised Peak Resorts from an underperform rating to an outperform rating in a report on Thursday, May 26th. Oppenheimer Holdings Inc. reissued an outperform rating and set a $7.00 price objective on shares of Peak Resorts in a report on Tuesday, September 13th. FBR & Co reissued a buy rating and set a $4.00 price objective on shares of Peak Resorts in a report on Monday, July 18th. Finally, Janney Montgomery Scott reissued a buy rating and set a $5.00 price objective on shares of Peak Resorts in a report on Sunday, July 17th. Seven equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and an average target price of $6.29.
Shares of Peak Resorts (NASDAQ:SKIS) opened at 5.01 on Tuesday. The stock’s 50 day moving average price is $4.85 and its 200-day moving average price is $4.11. Peak Resorts has a 52 week low of $2.60 and a 52 week high of $7.70. The firm’s market capitalization is $70.05 million.
Peak Resorts (NASDAQ:SKIS) last issued its quarterly earnings data on Thursday, September 8th. The company reported ($0.56) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.03. The business had revenue of $7.10 million for the quarter, compared to analysts’ expectations of $8.12 million. Peak Resorts had a negative return on equity of 6.17% and a negative net margin of 4.16%. The firm’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.51) EPS. Equities analysts predict that Peak Resorts will post $0.27 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted 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 valued at $398,000 after buying an additional 5,989 shares during the last quarter. 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. Finally, Emerald Acquisition Ltd. purchased a new position in shares of Peak Resorts during the second quarter valued at approximately $856,000. 50.77% of the stock is currently owned by hedge funds and other institutional investors.
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.
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