Vail Resorts, Inc. (MTN) Earns Buy Rating from MKM Partners
Vail Resorts, Inc. (NYSE:MTN)‘s stock had its “buy” rating reissued by equities research analysts at MKM Partners in a research note issued on Monday. They presently have a $266.00 price target on the stock, up from their previous price target of $264.00. MKM Partners’ target price indicates a potential upside of 16.61% from the company’s current price.
A number of other research firms also recently weighed in on MTN. Janney Montgomery Scott restated a “buy” rating and issued a $260.00 target price (up from $245.00) on shares of Vail Resorts in a research report on Friday. Barclays PLC lifted their price target on Vail Resorts from $226.00 to $247.00 and gave the company an “overweight” rating in a research report on Friday. Zacks Investment Research raised Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus reissued 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. Finally, BidaskClub raised Vail Resorts from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Vail Resorts has an average rating of “Buy” and a consensus price target of $242.13.
Vail Resorts (NYSE MTN) traded down 1.2815% during trading on Monday, reaching $225.1967. The company’s stock had a trading volume of 48,930 shares. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 43.1411 and a beta of 0.50. Vail Resorts has a 52 week low of $151.60 and a 52 week high of $232.42. The firm has a 50 day moving average of $221.38 and a 200 day moving average of $205.07.
Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Thursday, September 28th. The company reported ($1.43) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.81) by $0.38. The company 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 13.46% and a net margin of 11.04%. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.80) earnings per share. Analysts expect that Vail Resorts will post $5.91 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Tocqueville Asset Management L.P. raised its position in shares of Vail Resorts by 0.3% during the second quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock worth $562,000 after purchasing an additional 8 shares during the period. Comerica Bank lifted its holdings in shares of Vail Resorts by 0.6% during the second quarter. Comerica Bank now owns 1,789 shares of the company’s stock valued at $376,000 after purchasing an additional 10 shares during the last quarter. Corundum Group Inc. boosted its position in shares of Vail Resorts by 0.9% in the 2nd quarter. Corundum Group Inc. now owns 1,603 shares of the company’s stock valued at $325,000 after purchasing an additional 15 shares during the period. Paloma Partners Management Co boosted its position in shares of Vail Resorts by 0.8% in the 1st quarter. Paloma Partners Management Co now owns 2,821 shares of the company’s stock valued at $542,000 after purchasing an additional 23 shares during the period. Finally, FineMark National Bank & Trust boosted its position in shares of Vail Resorts by 2.1% in the 2nd quarter. FineMark National Bank & Trust now owns 1,225 shares of the company’s stock valued at $248,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 96.49% of the company’s stock.
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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