Vail Resorts, Inc. (MTN) PT Set at $180.00 by MKM Partners
Vail Resorts, Inc. (NYSE:MTN) has been given a $180.00 price objective by stock analysts at MKM Partners in a report issued on Tuesday. The firm presently has a a “buy” rating on the stock. MKM Partners’ price target points to a potential upside of 11.62% from the company’s previous close.
A number of other research firms have also recently issued reports on MTN. Zacks Investment Research raised shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a research note on Wednesday, August 24th. Credit Suisse Group AG set a $153.00 price target on shares of Vail Resorts and gave the company a “buy” rating in a research note on Monday, September 12th. KeyCorp lifted their price target on shares of Vail Resorts from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, August 23rd. Janney Montgomery Scott reissued a “buy” rating and issued a $170.00 price target (up previously from $153.00) on shares of Vail Resorts in a research note on Wednesday, August 10th. Finally, Bank of America Corp. restated a “buy” rating on shares of Vail Resorts in a report on Friday, June 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $151.45.
Vail Resorts (NYSE:MTN) opened at 161.26 on Tuesday. The company has a market cap of $5.83 billion, a PE ratio of 41.60 and a beta of 0.70. The firm’s 50-day moving average is $157.50 and its 200-day moving average is $139.80. Vail Resorts has a 52-week low of $100.50 and a 52-week high of $162.95.
Several hedge funds have recently modified their holdings of MTN. Pacer Advisors Inc. increased its stake in shares of Vail Resorts by 502.4% in the second quarter. Pacer Advisors Inc. now owns 1,271 shares of the company’s stock worth $176,000 after buying an additional 1,060 shares during the last quarter. Corundum Group Inc. acquired a new stake in shares of Vail Resorts during the second quarter worth about $207,000. BlueMountain Capital Management LLC acquired a new stake in shares of Vail Resorts during the first quarter worth about $210,000. FineMark National Bank & Trust increased its stake in shares of Vail Resorts by 20,025.0% in the second quarter. FineMark National Bank & Trust now owns 1,610 shares of the company’s stock worth $223,000 after buying an additional 1,602 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Vail Resorts during the second quarter worth about $223,000. 98.48% of the stock is owned by hedge funds and other institutional investors.
About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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