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RBC Capital Remains a Buy on Skyline Champion (SKY)

In a report issued on June 22, Michael Dahl from RBC Capital maintained a Buy rating on Skyline Champion (SKYResearch Report), with a price target of $58.00. The company’s shares closed last Friday at $49.65, close to its 52-week low of $43.04.

According to TipRanks.com, Dahl is a 4-star analyst with an average return of 5.2% and a 53.2% success rate. Dahl covers the Consumer Goods sector, focusing on stocks such as Taylor Morrison, Toll Brothers, and Tri Pointe.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Skyline Champion with a $63.75 average price target.

See today’s best-performing stocks on TipRanks >>

Based on Skyline Champion’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $638 million and net profit of $86.8 million. In comparison, last year the company earned revenue of $448 million and had a net profit of $33.89 million.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SKY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Skyline Champion Corp. engages in the manufacture and retail of mobile homes and other manufactured housing. It builds homes under the following brands: Skyline Homes, Champion Home Builders, Athens Park Model RVs, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, Shore Park, Silvercrest, Titan Homes in the U.S. and Moduline and SRI Homes in western Canada. The company was founded on June 1, 2018 and is headquartered in Elkhart, IN.

Read More on SKY:

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