Brokerages Set Intrawest Resorts Holdings Inc. (SNOW) Price Target at $13.25
Intrawest Resorts Holdings Inc. (NYSE:SNOW) has earned an average recommendation of “Buy” from the six brokerages that are presently covering the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $13.25.
Separately, Zacks Investment Research upgraded shares of Intrawest Resorts Holdings from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Tuesday, September 13th.
Shares of Intrawest Resorts Holdings (NYSE:SNOW) opened at 17.27 on Wednesday. The company has a 50-day moving average price of $16.34 and a 200 day moving average price of $14.11. The firm has a market capitalization of $686.83 million, a PE ratio of 16.70 and a beta of 0.97. Intrawest Resorts Holdings has a 12-month low of $6.95 and a 12-month high of $18.06.
Intrawest Resorts Holdings (NYSE:SNOW) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($1.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by $0.17. Intrawest Resorts Holdings had a net margin of 7.71% and a return on equity of 17.91%. The company earned $80.48 million during the quarter, compared to analyst estimates of $79.11 million. During the same quarter in the prior year, the company earned ($1.04) EPS. The business’s revenue was down 6.6% on a year-over-year basis. On average, equities analysts expect that Intrawest Resorts Holdings will post $0.47 earnings per share for the current year.
Several large investors have recently made changes to their positions in the company. BlackRock Fund Advisors increased its stake in shares of Intrawest Resorts Holdings by 2.3% in the second quarter. BlackRock Fund Advisors now owns 415,009 shares of the company’s stock valued at $5,387,000 after buying an additional 9,401 shares during the period. BlackRock Investment Management LLC boosted its position in Intrawest Resorts Holdings by 6.1% in the second quarter. BlackRock Investment Management LLC now owns 70,524 shares of the company’s stock valued at $915,000 after buying an additional 4,059 shares in the last quarter. Vanguard Group Inc. boosted its position in Intrawest Resorts Holdings by 0.4% in the second quarter. Vanguard Group Inc. now owns 600,229 shares of the company’s stock valued at $7,791,000 after buying an additional 2,320 shares in the last quarter. Hancock Holding Co. boosted its position in Intrawest Resorts Holdings by 4.4% in the second quarter. Hancock Holding Co. now owns 12,008 shares of the company’s stock valued at $156,000 after buying an additional 505 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Intrawest Resorts Holdings by 30.6% in the second quarter. Dimensional Fund Advisors LP now owns 452,185 shares of the company’s stock valued at $5,869,000 after buying an additional 106,011 shares in the last quarter. Institutional investors and hedge funds own 92.48% of the company’s stock.
Intrawest Resorts Holdings Company Profile
Intrawest Resorts Holdings, Inc is a mountain resort, adventure and real estate company. The Company operates through three segments: Mountain, Adventure and Real Estate. Its Mountain segment includes its mountain resort and lodging operations at Steamboat Ski & Resort (Steamboat) and Winter Park Resort (Winter Park); Stratton Mountain Resort (Stratton); Snowshoe Mountain Resort (Snowshoe); Mont Tremblant Resort (Tremblant), and Blue Mountain Ski Resort (Blue Mountain).
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