Vail Resorts (NYSE:MTN) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Vail Resorts (NYSE:MTN) from a sell rating to a hold rating in a research report released on Wednesday morning, Zacks.com reports. The brokerage currently has $329.00 target price on the stock.

According to Zacks, “Shares of Vail Resorts have outperformed the industry so far this year. Notably, the company has been benefiting from its offerings such as Epic Pass, Epic Local Pass, Epic Day Pass and Epic Coverage products. This along with focus on digital marketing and media advertising bode well. Going forward, the company expects it to be a key growth driver as it relates to the growing number of people associated with the program. Meanwhile, the company continues to reinvest in its resorts to boost customer traffic. However, coronavirus related woes persists. Although, the company is witnessing sequential improvements in visitation, it is still behind the pre pandemic levels. This along with competition and weather-related woes pose concerns. Earnings estimates for 2021 have remained unchanged over the past 30 days, limiting the upside potential of the stock.”

Other analysts have also recently issued reports about the stock. Credit Suisse Group increased their price target on shares of Vail Resorts from $359.00 to $360.00 and gave the company an outperform rating in a research note on Tuesday, June 8th. Bank of America increased their price target on shares of Vail Resorts from $365.00 to $375.00 and gave the company a buy rating in a research note on Tuesday, June 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Vail Resorts from $298.00 to $301.00 and gave the company a hold rating in a research note on Tuesday, September 21st. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vail Resorts has a consensus rating of Hold and a consensus target price of $313.92.

Shares of Vail Resorts stock opened at $351.85 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 2.25 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 130.31 and a beta of 1.31. Vail Resorts has a 1-year low of $208.72 and a 1-year high of $352.38. The firm’s 50-day moving average price is $303.30 and its two-hundred day moving average price is $311.18.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Wednesday, September 22nd. The company reported ($3.49) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.53) by $0.04. The firm had revenue of $204.20 million for the quarter, compared to analysts’ expectations of $177.24 million. Vail Resorts had a net margin of 6.45% and a return on equity of 7.40%. The company’s quarterly revenue was up 164.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($3.82) earnings per share. As a group, equities research analysts predict that Vail Resorts will post 3.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 22nd. Shareholders of record on Tuesday, October 5th will be paid a $0.88 dividend. The ex-dividend date is Monday, October 4th. This represents a $3.52 dividend on an annualized basis and a yield of 1.00%.

A number of institutional investors and hedge funds have recently bought and sold shares of MTN. Harvest Fund Management Co. Ltd acquired a new stake in Vail Resorts in the first quarter worth $28,000. Lumature Wealth Partners LLC acquired a new stake in Vail Resorts in the first quarter worth $29,000. Eubel Brady & Suttman Asset Management Inc. acquired a new stake in Vail Resorts in the second quarter worth $29,000. Lazard Asset Management LLC acquired a new stake in Vail Resorts in the first quarter worth $34,000. Finally, Baldrige Asset Management LLC acquired a new stake in Vail Resorts in the second quarter worth $44,000. Institutional investors own 94.05% of the company’s stock.

About Vail Resorts

Vail Resorts, Inc is a holding company, which engages in the operation of mountain resorts. It operates through the following segments: Mountain, Lodging, and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas, and related activities. The Lodging segment includes ownership of hotels, condominium management, Colorado resort ground transportation company, and mountain resort golf courses.

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