Vail Resorts Inc. (NYSE:MTN) Receives $154.98 Average PT from Analysts
Vail Resorts Inc. (NYSE:MTN) has been given an average rating of “Buy” by the thirteen brokerages that are presently covering the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $154.98.
Several research analysts have commented on the company. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $170.00 price target on shares of Vail Resorts in a research report on Tuesday, September 27th. Barclays PLC reaffirmed a “buy” rating and issued a $175.00 price target on shares of Vail Resorts in a research report on Tuesday, September 27th. 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. Finally, Zacks Investment Research upgraded 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.
In other Vail Resorts news, Director John F. Sorte sold 4,688 shares of the business’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $155.94, for a total value of $731,046.72. Following the transaction, the director now owns 63,147 shares of the company’s stock, valued at $9,847,143.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.90% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of MTN. Alliancebernstein L.P. raised 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 worth $107,754,000 after buying an additional 717,990 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of 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 during the period. William Blair Investment Management LLC raised its position in shares of 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 during the period. Royal Bank of Canada raised its position in shares of 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 during the period. Finally, RS Investment Management Co. LLC purchased a new position in shares of Vail Resorts during the second quarter valued at about $18,727,000. 98.48% of the stock is currently owned by institutional investors.
Shares of Vail Resorts (NYSE:MTN) opened at 155.79 on Wednesday. The firm has a 50-day moving average price of $159.08 and a 200-day moving average price of $142.07. The company has a market capitalization of $5.64 billion, a PE ratio of 38.85 and a beta of 0.66. Vail Resorts has a 1-year low of $106.60 and a 1-year high of $162.95.
Vail Resorts (NYSE:MTN) last issued 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 business earned $179.88 million during the quarter. Vail Resorts had a return on equity of 17.22% and a net margin of 9.35%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.92) earnings per share. Equities analysts anticipate that Vail Resorts will post $5.08 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, October 7th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Wednesday, October 5th. Vail Resorts’s dividend payout ratio is currently 82.23%.
Vail Resorts Company Profile
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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