Oppenheimer Keeps a Buy Rating on Peak Resorts (SKIS)

Oppenheimer analyst Ian Zaffino maintained a Buy rating on Peak Resorts (SKIS) today and set a price target of $7. The company’s shares opened today at $4.96.

Zaffino observed:

“In its seasonally slow quarter (October), SKIS reported solid F2Q19 results. EBITDA of ($8.2M) beat our/Street’s ($9.3M)/($9.1M), as operating expenses declined 9.3% YoY owing to strong cost controls and elimination of costs associated with the Attitash hotel. Revenues of $8.0M compared to our/Street’s $8.5M/$8.4M, driven by strong summer activities, offset by the loss of the Attitash hotel. Management remains focused on expansion projects with the Carinthia lodge at Mt. Snow set to fully open ahead of Christmas. Maintain Outperform.”

According to TipRanks.com, Zaffino is a 1-star analyst with an average return of -1.1% and a 47.7% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Wyndham Hotels & Resorts Inc, and Wyndham Destinations Inc.

Peak Resorts has an analyst consensus of Moderate Buy, with a price target consensus of $7.

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The company has a one-year high of $5.78 and a one-year low of $4.45. Currently, Peak Resorts has an average volume of 16.01K.

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Peak Resorts, Inc. engages in resort operations. It offers activities, services and amenities including skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction, and mountain biking. The company was founded on September 24, 1997 and is headquartered in Wildwood, MO.

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