Brokerages Set Vail Resorts Inc. (MTN) Price Target at $156.44
Shares of Vail Resorts Inc. (NYSE:MTN) have been given a consensus recommendation of “Buy” by the fourteen research firms that are currently covering the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $156.44.
MTN has been the subject of a number of research analyst reports. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Wednesday, August 24th. MKM Partners set a $180.00 price target 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 target on Vail Resorts and gave the company a “buy” rating in a research report on Monday, September 12th. KeyCorp increased their price target 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, Janney Montgomery Scott reaffirmed a “buy” rating and set a $170.00 price target (up from $153.00) on shares of Vail Resorts in a research report on Wednesday, August 10th.
In related news, insider Patricia A. Campbell sold 4,822 shares of Vail Resorts stock in a transaction on Friday, October 14th. The stock was sold at an average price of $153.93, for a total transaction of $742,250.46. Following the completion of the sale, the insider now owns 16,593 shares of the company’s stock, valued at $2,554,160.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John F. Sorte sold 4,688 shares of Vail Resorts stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $155.94, for a total value of $731,046.72. Following the sale, the director now directly owns 63,147 shares of the company’s stock, valued at approximately $9,847,143.18. The disclosure for this sale can be found here. Corporate insiders own 4.60% of the company’s stock.
A number of large investors have recently bought and sold shares of MTN. Alliancebernstein L.P. raised its stake 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. Waddell & Reed Financial Inc. raised its stake in shares of Vail Resorts by 0.4% in the second quarter. Waddell & Reed Financial Inc. now owns 676,050 shares of the company’s stock valued at $93,451,000 after buying an additional 2,600 shares during the period. State Street Corp raised its stake in shares of Vail Resorts by 3.1% in the first quarter. State Street Corp now owns 672,314 shares of the company’s stock valued at $89,889,000 after buying an additional 20,470 shares during the period. Eagle Asset Management Inc. raised its stake in shares of Vail Resorts by 13.1% in the third quarter. Eagle Asset Management Inc. now owns 393,956 shares of the company’s stock valued at $61,803,000 after buying an additional 45,670 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Vail Resorts by 3.0% in the third quarter. Northern Trust Corp now owns 371,784 shares of the company’s stock valued at $58,326,000 after buying an additional 10,715 shares during the period. 98.53% of the stock is owned by institutional investors.
Shares of Vail Resorts (NYSE:MTN) opened at 156.19 on Wednesday. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 38.95 and a beta of 0.48. The company has a 50-day moving average price of $156.25 and a 200-day moving average price of $146.57. Vail Resorts has a 12 month low of $112.75 and a 12 month high of $162.95.
Vail Resorts (NYSE:MTN) last posted its earnings results 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 9.35% and a return on equity of 17.22%. The company earned $179.88 million during the quarter. During the same quarter in the previous year, the company earned ($1.92) EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts forecast that Vail Resorts will post $5.22 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 25th. Investors of record on Friday, October 7th were paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.07%. The ex-dividend date was Wednesday, October 5th. Vail Resorts’s dividend payout ratio is 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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