Vail Resorts, Inc. (MTN) Stock Rating Reaffirmed by Stifel Nicolaus
Vail Resorts, Inc. (NYSE:MTN)‘s stock had its “hold” rating reissued by analysts at Stifel Nicolaus in a research note issued to investors on Thursday. They currently have a $229.00 price objective on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 0.56% from the company’s previous close.
MTN has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. William Blair started coverage on shares of Vail Resorts in a report on Friday, July 21st. They set an “outperform” rating on the stock. BidaskClub lowered shares of Vail Resorts from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Janney Montgomery Scott upped their target price on shares of Vail Resorts from $220.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, June 12th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $228.00 target price (up previously from $205.00) on shares of Vail Resorts in a report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Vail Resorts presently has an average rating of “Buy” and a consensus target price of $219.44.
Shares of Vail Resorts (NYSE MTN) opened at 227.73 on Thursday. The company’s 50 day moving average is $217.67 and its 200 day moving average is $202.40. Vail Resorts has a 52-week low of $151.60 and a 52-week high of $230.00. The firm has a market cap of $9.13 billion, a price-to-earnings ratio of 44.32 and a beta of 0.53.
Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 8th. The company reported $4.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.86 by $0.46. The firm 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%. The business’s revenue was up 22.7% on a year-over-year basis. During the same period last year, the company posted $4.23 EPS. Analysts anticipate that Vail Resorts will post $4.86 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the business. Tocqueville Asset Management L.P. grew its stake in Vail Resorts by 0.3% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock worth $562,000 after buying an additional 8 shares in the last quarter. Comerica Bank grew its stake in Vail Resorts by 0.6% in the 2nd quarter. Comerica Bank now owns 1,789 shares of the company’s stock worth $376,000 after buying an additional 10 shares in the last quarter. Corundum Group Inc. grew its stake in Vail Resorts by 0.9% in the 2nd quarter. Corundum Group Inc. now owns 1,603 shares of the company’s stock worth $325,000 after buying an additional 15 shares in the last quarter. Concert Wealth Management Inc. grew its stake in Vail Resorts by 1.1% in the 1st quarter. Concert Wealth Management Inc. now owns 1,817 shares of the company’s stock worth $290,000 after buying an additional 20 shares in the last quarter. Finally, Paloma Partners Management Co grew its stake in Vail Resorts by 0.8% in the 1st quarter. Paloma Partners Management Co now owns 2,821 shares of the company’s stock worth $542,000 after buying an additional 23 shares in the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.
About Vail Resorts
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.
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