Skyline (SKY) Given a $28.00 Price Target by Royal Bank of Canada Analysts

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Royal Bank of Canada set a $28.00 price target on Skyline (NYSEAMERICAN:SKY) in a report published on Thursday, TipRanks reports. The brokerage currently has a buy rating on the construction company’s stock.

SKY has been the subject of several other research reports. SunTrust Banks raised shares of Skyline from a hold rating to a buy rating and set a $22.00 price target for the company in a research report on Thursday, January 31st. Zacks Investment Research upgraded shares of Skyline from a hold rating to a buy rating and set a $20.00 target price on the stock in a report on Tuesday, February 5th. Finally, Craig Hallum restated a buy rating and issued a $30.00 target price (down previously from $37.00) on shares of Skyline in a report on Thursday, February 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $26.71.

Shares of SKY opened at $25.60 on Thursday. Skyline has a twelve month low of $12.72 and a twelve month high of $35.65.

Skyline (NYSEAMERICAN:SKY) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.05. The firm had revenue of $327.68 million for the quarter, compared to the consensus estimate of $348.50 million.

In related news, SVP Roger K. Scholten sold 4,394 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $22.05, for a total value of $96,887.70. Following the sale, the senior vice president now owns 197,388 shares in the company, valued at $4,352,405.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mak Capital One Llc sold 1,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $20.21, for a total transaction of $30,315,000.00. The disclosure for this sale can be found here. Insiders sold 1,633,511 shares of company stock worth $33,501,161 in the last 90 days.

Several institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. boosted its stake in shares of Skyline by 39.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 1,872 shares of the construction company’s stock worth $36,000 after acquiring an additional 532 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Skyline by 5.1% during the 4th quarter. Citigroup Inc. now owns 11,035 shares of the construction company’s stock worth $161,000 after acquiring an additional 538 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Skyline by 19.4% during the 4th quarter. Legal & General Group Plc now owns 5,144 shares of the construction company’s stock worth $75,000 after acquiring an additional 837 shares during the last quarter. Strs Ohio boosted its stake in shares of Skyline by 14.1% during the 1st quarter. Strs Ohio now owns 8,900 shares of the construction company’s stock worth $169,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Skyline by 40.7% during the 1st quarter. Victory Capital Management Inc. now owns 4,307 shares of the construction company’s stock worth $82,000 after acquiring an additional 1,246 shares during the last quarter.

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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