B.Riley FBR Releases a Buy Rating on Peak Resorts

By Jason Carr

B.Riley FBR analyst Barton Crockett assigned a Buy rating to Peak Resorts (NASDAQ: SKIS) today and set a price target of $6. The company’s shares closed yesterday at $5.25.

Crockett said:

“We’re hearing that the Western U.S. very early ski season this year is starting with sub-par conditions. But for Peak Resorts in the Northeast/Midwest, the ski weather early on has been great. That’s an encouraging flip for a company that has mainly endured lumps of coal from Mother Nature since its IPO in Dec. 2014. This prompts a bump to estimates, although our PT is unchanged at $6.”

According to TipRanks.com, Crockett is a 4-star analyst with an average return of 6.2% and a 60.9% success rate. Crockett covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Lions Gate Ent Corp Cl A, and Cinemark Holdings Inc.

Peak Resorts has an analyst consensus of Moderate Buy, with a price target consensus of $6.

The company has a one-year high of $6.20 and a one-year low of $4. Currently, Peak Resorts has an average volume of 41.63K.

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Peak Resorts, Inc. owns and operates ski resorts throughout the Midwest, Northeast, and Southeast United States. Its ski resort operations consists of snow skiing, snowboarding, and other snow sports. The company was founded on September 24, 1997 and is headquartered in Wildwood, MO.