Vail Resorts, Inc. (NYSE:MTN) Given Consensus Rating of “Hold” by Brokerages

Vail Resorts, Inc. (NYSE:MTN) has received an average rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $187.20.

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vail Resorts from $183.00 to $171.00 and set a “hold” rating on the stock in a research note on Thursday, May 29th. Barclays reaffirmed an “underweight” rating and set a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Morgan Stanley reissued an “equal weight” rating on shares of Vail Resorts in a research report on Friday, June 6th. JPMorgan Chase & Co. raised shares of Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 price objective for the company in a research report on Wednesday, May 28th. Finally, Truist Financial dropped their price objective on shares of Vail Resorts from $247.00 to $244.00 and set a “buy” rating for the company in a research report on Friday, June 6th.

Vail Resorts Stock Performance

Shares of MTN opened at $151.37 on Friday. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 1.93 and a beta of 0.91. The company’s 50 day simple moving average is $146.37 and its 200 day simple moving average is $162.54. Vail Resorts has a 1 year low of $129.85 and a 1 year high of $199.45.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, topping analysts’ consensus estimates of $10.00 by $0.54. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. Vail Resorts’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $9.54 earnings per share. On average, sell-side analysts predict that Vail Resorts will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend is Tuesday, June 24th. Vail Resorts’s payout ratio is 113.55%.

Institutional Investors Weigh In On Vail Resorts

A number of large investors have recently added to or reduced their stakes in MTN. SouthState Corp acquired a new stake in Vail Resorts during the 1st quarter valued at $29,000. Heck Capital Advisors LLC acquired a new stake in Vail Resorts during the 4th quarter valued at $33,000. Blue Trust Inc. grew its holdings in Vail Resorts by 246.7% during the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after purchasing an additional 148 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in Vail Resorts by 102.5% during the 1st quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock valued at $39,000 after purchasing an additional 123 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in Vail Resorts during the 1st quarter worth $40,000. 94.94% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.