Vail Resorts Inc. (NYSE:MTN)‘s stock had its “buy” rating restated by stock analysts at Janney Montgomery Scott in a report issued on Tuesday. They presently have a $170.00 price objective on the stock. Janney Montgomery Scott’s price objective suggests a potential upside of 9.11% from the company’s previous close.
A number of other research firms have also recently weighed in on MTN. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Wednesday, August 24th. MKM Partners set a $180.00 price objective on Vail Resorts and gave the company a “buy” rating in a research report on Tuesday, September 20th. Credit Suisse Group AG set a $153.00 price objective on Vail Resorts and gave the company a “buy” rating in a research report on Monday, September 12th. KeyCorp lifted their price objective on Vail Resorts from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, August 23rd. Finally, Barclays PLC reissued a “buy” rating and set a $175.00 target price on shares of Vail Resorts in a research note on Tuesday. 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 has a consensus rating of “Buy” and a consensus target price of $153.76.
Shares of Vail Resorts (NYSE:MTN) traded up 0.37% during mid-day trading on Tuesday, reaching $156.37. The company’s stock had a trading volume of 750,064 shares. The company’s 50-day moving average price is $158.87 and its 200-day moving average price is $140.50. The stock has a market capitalization of $5.65 billion, a P/E ratio of 40.34 and a beta of 0.70. Vail Resorts has a 12-month low of $100.50 and a 12-month high of $162.95.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, September 26th. The company reported ($1.80) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.67) by $0.13. Vail Resorts had a net margin of 9.15% and a return on equity of 17.68%. The company had revenue of $179.88 million for the quarter. During the same quarter in the prior year, the firm posted ($1.92) earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities research analysts forecast that Vail Resorts will post $4.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Stockholders of record on Friday, October 7th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Wednesday, October 5th. Vail Resorts’s dividend payout ratio is currently 84.82%.
Several institutional investors have recently added to or reduced their stakes in MTN. Alliancebernstein L.P. increased its position in Vail Resorts by 1,166.7% in the second quarter. Alliancebernstein L.P. now owns 779,530 shares of the company’s stock valued at $107,754,000 after buying an additional 717,990 shares in the last quarter. Norges Bank bought a new position in Vail Resorts during the fourth quarter valued at $48,741,000. BlackRock Institutional Trust Company N.A. increased its position in Vail Resorts by 21.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,124,215 shares of the company’s stock valued at $150,308,000 after buying an additional 197,652 shares in the last quarter. William Blair Investment Management LLC increased its position in Vail Resorts by 120.9% in the second quarter. William Blair Investment Management LLC now owns 334,040 shares of the company’s stock valued at $46,174,000 after buying an additional 182,851 shares in the last quarter. Finally, Royal Bank of Canada increased its position in Vail Resorts by 5,702.7% in the first quarter. Royal Bank of Canada now owns 145,010 shares of the company’s stock valued at $19,388,000 after buying an additional 142,511 shares in the last quarter. 98.48% of the stock is currently owned by hedge funds and other institutional investors.
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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