Peak Resorts Inc (SKIS) Given Consensus Rating of “Hold” by Analysts

Peak Resorts Inc (NASDAQ:SKIS) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.20.

Several brokerages have commented on SKIS. B. Riley restated a “buy” rating and set a $6.00 price target on shares of Peak Resorts in a research note on Friday, December 8th. Zacks Investment Research lowered Peak Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. ValuEngine upgraded Peak Resorts from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Oppenheimer restated a “buy” rating and set a $7.00 price target on shares of Peak Resorts in a research note on Friday, December 8th. Finally, Stifel Nicolaus upped their price target on Peak Resorts from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Friday, December 8th.

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Several hedge funds have recently bought and sold shares of SKIS. Vanguard Group Inc. grew its stake in shares of Peak Resorts by 63.0% in the second quarter. Vanguard Group Inc. now owns 419,553 shares of the company’s stock valued at $1,720,000 after buying an additional 162,100 shares in the last quarter. Summer Road LLC grew its stake in shares of Peak Resorts by 38.4% in the third quarter. Summer Road LLC now owns 1,926,500 shares of the company’s stock valued at $8,380,000 after buying an additional 534,092 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Peak Resorts by 93.8% in the third quarter. Dimensional Fund Advisors LP now owns 26,649 shares of the company’s stock valued at $116,000 after buying an additional 12,895 shares in the last quarter. Sterneck Capital Management LLC grew its stake in shares of Peak Resorts by 13.3% in the fourth quarter. Sterneck Capital Management LLC now owns 241,975 shares of the company’s stock valued at $1,307,000 after buying an additional 28,467 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Peak Resorts in the fourth quarter valued at about $382,000. Institutional investors and hedge funds own 44.73% of the company’s stock.

Shares of Peak Resorts (SKIS) traded down $0.15 during trading hours on Friday, reaching $5.00. The company’s stock had a trading volume of 19,460 shares, compared to its average volume of 26,760. The firm has a market capitalization of $71.31, a price-to-earnings ratio of -20.08 and a beta of 1.16. The company has a debt-to-equity ratio of 2.71, a current ratio of 0.75 and a quick ratio of 0.69. Peak Resorts has a 12 month low of $4.00 and a 12 month high of $6.10.

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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. 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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