Vail Resorts (NYSE:MTN) Price Target Raised to $130.00

Vail Resorts (NYSE:MTN) had its price objective hoisted by Wells Fargo & Company from $125.00 to $130.00 in a report issued on Tuesday, MarketBeat.com reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other equities research analysts have also recently weighed in on MTN. Jefferies Financial Group restated a “buy” rating and issued a $162.00 price target on shares of Vail Resorts in a research note on Tuesday. Weiss Ratings downgraded shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, September 14th. Zacks Research raised shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Stifel Nicolaus set a $157.00 target price on shares of Vail Resorts and gave the stock a “buy” rating in a report on Tuesday. Finally, UBS Group reissued a “neutral” rating on shares of Vail Resorts in a report on Friday, September 18th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.25.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $138.44 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 5.57. The business’s 50 day moving average price is $143.53 and its two-hundred day moving average price is $137.01. The company has a market cap of $4.93 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 10.01 and a beta of 0.76. Vail Resorts has a twelve month low of $118.51 and a twelve month high of $163.34.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, September 28th. The company reported ($5.34) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($5.35) by $0.01. Vail Resorts had a return on equity of 22.82% and a net margin of 5.20%.The company had revenue of $278.07 million during the quarter, compared to analysts’ expectations of $269.30 million. During the same period last year, the firm posted ($5.08) earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. On average, analysts predict that Vail Resorts will post 5.55 EPS for the current year.

Vail Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 27th. Shareholders of record on Thursday, October 8th will be paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Thursday, October 8th. Vail Resorts’s dividend payout ratio is presently 214.49%.

Hedge Funds Weigh In On Vail Resorts

Several hedge funds have recently bought and sold shares of the company. Anchor Investment Management LLC bought a new stake in shares of Vail Resorts during the 2nd quarter worth approximately $32,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Vail Resorts in the second quarter valued at approximately $36,000. Global Retirement Partners LLC bought a new position in Vail Resorts in the second quarter valued at approximately $40,000. Union Savings Bank acquired a new position in Vail Resorts during the fourth quarter valued at approximately $46,000. Finally, Western Wealth Management LLC acquired a new position in Vail Resorts during the first quarter valued at approximately $54,000. 94.90% of the stock is owned by institutional investors.

Key Vail Resorts News

Here are the key news stories impacting Vail Resorts this week:

• Positive Sentiment: Wells Fargo expects Vail Resorts’ stock price to rise, while JPMorgan forecasts strong potential appreciation. These views suggest some analysts believe the company’s turnaround efforts and a better upcoming ski season could support the shares. Wells Fargo analyst outlook JPMorgan analyst outlook
• Positive Sentiment: One valuation analysis estimates MTN could be approximately 5% undervalued after weather hurt recent results, with recovery initiatives providing potential upside if operating conditions improve. Vail Resorts valuation analysis
• Positive Sentiment: Activist investor Oasis Management is reportedly nearing insider status at Vail Resorts. Its increased involvement could create pressure for operational improvements or other shareholder-friendly actions, although the eventual impact remains uncertain. Oasis Management ownership report
• Neutral Sentiment: Analyst views remain divided across the consumer-cyclical sector, reflecting uncertainty about demand and the pace of Vail Resorts’ recovery. Mixed consumer-cyclical analyst views
• Neutral Sentiment: Morgan Stanley cut its MTN price target from $147 to $142 while maintaining an Equal Weight rating. The new target still implied approximately 2.6% upside based on the cited share price, indicating limited expected appreciation. Morgan Stanley price target update
• Negative Sentiment: Epic Pass sales are reportedly lagging ahead of the winter season. The weakness raises concern about forward revenue and visitation, particularly after last season’s historically poor skiing conditions, despite management’s forecast of a significant recovery. Epic Pass sales report Vail Resorts recovery outlook
• Negative Sentiment: Goldman Sachs assigned Vail Resorts a Sell rating, while Deutsche Bank lowered its price target. The negative revisions reinforce concerns about valuation, operating execution and the uncertain recovery. Goldman Sachs Sell rating Deutsche Bank price target cut

Vail Resorts Company Profile

Vail Resorts, Inc is a mountain resort operator that owns and manages destination ski and summer resorts, regional ski areas, hotels and other hospitality businesses. Its operations are designed to serve visitors throughout the year, with activities including skiing, snowboarding, hiking, mountain biking, lodging, dining, retail and other resort experiences.

The company’s portfolio includes well-known resorts such as Vail, Beaver Creek, Breckenridge, Keystone, Park City, Whistler Blackcomb and Stowe in North America, as well as Perisher, Falls Creek and Hotham in Australia.