Vail Resorts, Inc. (MTN) Price Target Raised to $247.00 at Barclays PLC
Vail Resorts, Inc. (NYSE:MTN) had its price objective boosted by Barclays PLC from $226.00 to $247.00 in a report published on Friday morning. The brokerage currently has an overweight rating on the stock.
MTN has been the subject of several other research reports. BidaskClub cut Vail Resorts from a strong-buy rating to a buy rating in a research note on Friday, June 30th. Bank of America Corporation reiterated a buy rating and issued a $228.00 price objective (up previously from $205.00) on shares of Vail Resorts in a research note on Friday, June 9th. Stifel Nicolaus reiterated a buy rating and issued a $229.00 price objective (up previously from $205.00) on shares of Vail Resorts in a research note on Sunday, June 11th. William Blair assumed coverage on Vail Resorts in a research note on Friday, July 21st. They issued an outperform rating for the company. Finally, Janney Montgomery Scott lifted their price objective on Vail Resorts from $220.00 to $245.00 and gave the company a buy rating in a research note on Monday, June 12th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $232.25.
Vail Resorts (NYSE MTN) traded up 2.85% during mid-day trading on Friday, hitting $228.12. 547,472 shares of the company’s stock traded hands. Vail Resorts has a one year low of $151.60 and a one year high of $232.42. The stock has a market cap of $9.14 billion, a PE ratio of 43.70 and a beta of 0.53. The firm’s 50-day moving average price is $221.38 and its 200-day moving average price is $205.07.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, September 28th. The company reported ($1.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.81) by $0.38. The business had revenue of $209.10 million during the quarter, compared to analysts’ expectations of $210.92 million. Vail Resorts had a return on equity of 13.73% and a net margin of 11.04%. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the business posted ($1.80) EPS. On average, analysts forecast that Vail Resorts will post $5.91 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Tuesday, October 10th will be issued a $1.053 dividend. This represents a $4.21 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, October 6th. Vail Resorts’s dividend payout ratio (DPR) is 85.92%.
Several hedge funds and other institutional investors have recently made changes to their positions in MTN. BlackRock Inc. lifted its holdings in shares of Vail Resorts by 2,861.3% in the 1st quarter. BlackRock Inc. now owns 1,767,451 shares of the company’s stock worth $339,173,000 after purchasing an additional 1,707,766 shares during the last quarter. Valinor Management L.P. bought a new stake in shares of Vail Resorts in the 1st quarter worth approximately $64,748,000. Vanguard Group Inc. lifted its holdings in shares of Vail Resorts by 12.4% in the 1st quarter. Vanguard Group Inc. now owns 3,049,283 shares of the company’s stock worth $585,157,000 after purchasing an additional 337,282 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Vail Resorts by 15,556.3% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 255,197 shares of the company’s stock worth $51,762,000 after purchasing an additional 253,567 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Vail Resorts by 40.2% in the 2nd quarter. State Street Corp now owns 718,192 shares of the company’s stock worth $145,687,000 after purchasing an additional 206,079 shares during the last quarter. 96.49% of the stock is currently 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.
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