In a report released yesterday, Ian Zaffino from Oppenheimer maintained a Buy rating on Peak Resorts (SKIS), with a price target of $7. The company’s shares closed yesterday at $4.66.
Zaffino said:
“Owing to operational efficiencies and solid contributions from the three Snow Time resorts, SKIS reported EBITDA of $30.7M, compared to our/Street’s 27.7M/$27.5M estimates. Organic revenue and EBITDA both realized a ~10% YoY improvement, primarily helped by the opening of the and snowmaking capabilities at Mount Snow. 2018-19 Peak Pass sales in late December also improved ~18% YoY on a unit basis and ~20% on a revenue basis. We raise our F2019E EBITDA to $41.4M from $38.4M. Maintain Outperform.”
According to TipRanks.com, Zaffino is a 3-star analyst with an average return of 0.8% and a 49.9% 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 Hold.
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Based on Peak Resorts’ latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $13.63 million. In comparison, last year the company had a net profit of $9.18 million.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SKIS 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.
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.
