Barclays Believes Skyline Champion Corporation (NYSE: SKY) Won’t Stop Here

By Jason Carr

In a report issued on August 2, Matthew Bouley from Barclays maintained a Buy rating on Skyline Champion Corporation (SKYResearch Report), with a price target of $34. The company’s shares closed on Friday at $31.10, close to its 52-week high of $32.44.

According to TipRanks.com, Bouley is a 4-star analyst with an average return of 7.5% and a 55.6% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Cornerstone Building Brands Inc, Continental Building Products, and Advanced Drainage Systems.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Skyline Champion Corporation with a $34 average price target, a 9.3% upside from current levels. In a report issued on August 1, SunTrust Robinson also maintained a Buy rating on the stock with a $35 price target.

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Based on Skyline Champion Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $17.38 million. In comparison, last year the company had a GAAP net loss of $853K.

Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock.

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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.