Vail Resorts Inc. (NYSE:MTN)‘s stock had its “buy” rating reaffirmed by research analysts at Barclays PLC in a research report issued on Tuesday. They currently have a $175.00 target price on the stock. Barclays PLC’s price target suggests a potential upside of 12.32% from the stock’s previous close.
MTN has been the subject of several other research reports. MKM Partners set a $180.00 price objective on shares of Vail Resorts and gave the stock a “buy” rating in a research note on Tuesday, September 20th. Credit Suisse Group AG set a $153.00 price target on shares of Vail Resorts and gave the company a “buy” rating in a research note on Monday, September 12th. KeyCorp lifted their price target on shares of Vail Resorts from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, August 23rd. Zacks Investment Research raised shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a research note on Wednesday, July 6th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and set a $170.00 price target (up previously from $153.00) on shares of Vail Resorts in a research note on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. Vail Resorts presently has a consensus rating of “Buy” and an average price target of $153.76.
Shares of Vail Resorts (NYSE:MTN) opened at 155.80 on Tuesday. The stock has a market cap of $5.63 billion, a P/E ratio of 40.20 and a beta of 0.70. Vail Resorts has a 1-year low of $100.50 and a 1-year high of $162.95. The company has a 50 day moving average price of $158.87 and a 200 day moving average price of $140.50.
Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, September 26th. The company reported ($1.80) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.67) by $0.13. The company earned $179.88 million during the quarter. Vail Resorts had a return on equity of 17.68% and a net margin of 9.15%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.92) EPS. On average, equities analysts anticipate that Vail Resorts will post $4.14 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, October 7th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, October 5th. Vail Resorts’s dividend payout ratio is currently 84.82%.
A number of institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in Vail Resorts by 502.4% in the second quarter. Pacer Advisors Inc. now owns 1,271 shares of the company’s stock valued at $176,000 after buying an additional 1,060 shares in the last quarter. Corundum Group Inc. purchased a new position in Vail Resorts during the second quarter valued at about $207,000. BlueMountain Capital Management LLC purchased a new position in Vail Resorts during the first quarter valued at about $210,000. FineMark National Bank & Trust raised its position in Vail Resorts by 20,025.0% in the second quarter. FineMark National Bank & Trust now owns 1,610 shares of the company’s stock valued at $223,000 after buying an additional 1,602 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Vail Resorts during the second quarter valued at about $223,000. 98.48% of the stock is currently owned by institutional investors and hedge funds.
About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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