Skyline Co. (SKY) Receives $29.50 Consensus PT from Analysts

Shares of Skyline Co. (NYSEAMERICAN:SKY) have received a consensus recommendation of “Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $28.33.

SKY has been the topic of a number of research analyst reports. Credit Suisse Group assumed coverage on shares of Skyline in a research note on Thursday, November 29th. They issued a “neutral” rating and a $25.00 target price on the stock. Royal Bank of Canada set a $34.00 target price on shares of Skyline and gave the company a “buy” rating in a research report on Wednesday, November 7th. SunTrust Banks upgraded shares of Skyline from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Thursday, January 31st. Barclays set a $23.00 price target on shares of Skyline and gave the company a “buy” rating in a research note on Wednesday, December 12th. Finally, Craig Hallum reiterated a “buy” rating and issued a $30.00 price objective (down previously from $37.00) on shares of Skyline in a research note on Thursday.

In related news, major shareholder Mak Capital One Llc sold 1,000,000 shares of the company’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $21.80, for a total value of $21,800,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bain Capital Credit Member, Ll sold 1,750,000 shares of the company’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $21.80, for a total transaction of $38,150,000.00. The disclosure for this sale can be found here. Insiders sold 3,012,500 shares of company stock valued at $65,672,500 in the last 90 days.

Several large investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in Skyline by 1,097.1% in the 3rd quarter. Wells Fargo & Company MN now owns 1,578,346 shares of the construction company’s stock valued at $45,093,000 after acquiring an additional 1,446,494 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Skyline by 200.8% during the 3rd quarter. BlackRock Inc. now owns 1,562,896 shares of the construction company’s stock worth $44,651,000 after acquiring an additional 1,043,297 shares during the period. FMR LLC lifted its holdings in shares of Skyline by 656.9% during the 3rd quarter. FMR LLC now owns 1,052,297 shares of the construction company’s stock worth $30,064,000 after acquiring an additional 913,272 shares during the period. Vanguard Group Inc grew its position in Skyline by 196.0% in the third quarter. Vanguard Group Inc now owns 970,946 shares of the construction company’s stock valued at $27,740,000 after acquiring an additional 642,938 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Skyline by 196.0% during the third quarter. Vanguard Group Inc. now owns 970,946 shares of the construction company’s stock worth $27,740,000 after buying an additional 642,938 shares in the last quarter.

Shares of Skyline stock traded down $0.06 during trading hours on Monday, reaching $19.20. The company’s stock had a trading volume of 580,804 shares, compared to its average volume of 732,111. Skyline has a one year low of $12.72 and a one year high of $35.65.

About Skyline

Skyline Corporation designs, produces, and markets manufactured housing, modular housing, and park models to independent dealers and manufactured housing communities in the United States and Canada. The company's manufactured housing models include two to four bedrooms, kitchen, dining area, living room, one or two bathrooms, kitchen appliances, and central heating and cooling products, as well as exterior dormers and windows, interior or exterior accent columns, fireplaces, and whirlpool tubs.

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Analyst Recommendations for Skyline (NYSEAMERICAN:SKY)

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