Vail Resorts, Inc. (NYSE:MTN)‘s stock had its “overweight” rating reiterated by equities researchers at KeyCorp in a research note issued on Wednesday. They presently have a $250.00 target price on the stock. KeyCorp’s price objective would indicate a potential upside of 9.67% from the stock’s current price.

Several other brokerages have also recently weighed in on MTN. Zacks Investment Research cut shares of Vail Resorts from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $233.00 price target (up from $207.50) on shares of Vail Resorts in a research note on Sunday, June 11th. Barclays PLC reaffirmed an “overweight” rating and set a $226.00 price target on shares of Vail Resorts in a research note on Sunday, June 11th. Janney Montgomery Scott raised their price target on shares of Vail Resorts from $220.00 to $245.00 and gave the stock a “buy” rating in a research note on Monday, June 12th. Finally, BidaskClub raised shares of Vail Resorts from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company. Vail Resorts currently has an average rating of “Buy” and a consensus target price of $219.44.

Vail Resorts (NYSE:MTN) traded up 1.85% during mid-day trading on Wednesday, reaching $227.95. 277,960 shares of the company’s stock were exchanged. Vail Resorts has a 52-week low of $151.60 and a 52-week high of $228.16. The stock has a 50-day moving average price of $212.12 and a 200 day moving average price of $199.40. The company has a market cap of $9.14 billion, a PE ratio of 44.37 and a beta of 0.55.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, June 8th. The company reported $4.40 earnings per share for the quarter, missing the consensus estimate of $4.86 by $0.46. The business had revenue of $794.60 million for the quarter, compared to the consensus estimate of $802.59 million. Vail Resorts had a return on equity of 14.99% and a net margin of 10.78%. Vail Resorts’s revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.23 earnings per share. Equities analysts predict that Vail Resorts will post $4.86 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. Karp Capital Management Corp purchased a new position in Vail Resorts during the first quarter valued at $1,303,000. Handelsinvest Investeringsforvaltning increased its stake in shares of Vail Resorts by 3.0% in the first quarter. Handelsinvest Investeringsforvaltning now owns 34,000 shares of the company’s stock valued at $6,525,000 after buying an additional 1,000 shares in the last quarter. World Asset Management Inc increased its stake in shares of Vail Resorts by 27.0% in the first quarter. World Asset Management Inc now owns 1,769 shares of the company’s stock valued at $339,000 after buying an additional 376 shares in the last quarter. Swiss National Bank increased its stake in shares of Vail Resorts by 8.1% in the first quarter. Swiss National Bank now owns 66,087 shares of the company’s stock valued at $12,682,000 after buying an additional 4,938 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Vail Resorts by 19.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,451 shares of the company’s stock valued at $278,000 after buying an additional 238 shares in the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Company Profile

Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.

Analyst Recommendations for Vail Resorts (NYSE:MTN)

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