Vail Resorts, Inc. (MTN) Rating Reiterated by KeyCorp
Vail Resorts, Inc. (NYSE:MTN)‘s stock had its “overweight” rating reiterated by investment analysts at KeyCorp in a research report issued to clients and investors on Wednesday. They presently have a $250.00 target price on the stock. KeyCorp’s price target points to a potential upside of 9.67% from the stock’s current price.
Several other research analysts also recently issued reports on MTN. BidaskClub downgraded Vail Resorts from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. William Blair started coverage on Vail Resorts in a research report on Friday, July 21st. They set an “outperform” rating for the company. Janney Montgomery Scott lifted their price objective on Vail Resorts from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Monday, June 12th. Zacks Investment Research upgraded Vail Resorts from a “hold” rating to a “buy” rating and set a $224.00 price objective for the company in a research report on Tuesday, May 16th. Finally, Bank of America Corporation restated a “buy” rating and set a $228.00 price objective (up from $205.00) on shares of Vail Resorts in a research report on Friday, June 9th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $219.44.
Vail Resorts (NYSE:MTN) opened at 227.95 on Wednesday. The firm has a market cap of $9.14 billion, a PE ratio of 44.37 and a beta of 0.55. Vail Resorts has a 12-month low of $151.60 and a 12-month high of $228.16. The company has a 50-day moving average price of $214.23 and a 200-day moving average price of $200.69.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, June 8th. The company reported $4.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.86 by $0.46. Vail Resorts had a net margin of 10.78% and a return on equity of 14.99%. The company had revenue of $794.60 million for the quarter, compared to analyst estimates of $802.59 million. During the same quarter in the previous year, the business posted $4.23 earnings per share. Vail Resorts’s revenue was up 22.7% on a year-over-year basis. On average, equities analysts predict that Vail Resorts will post $4.86 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of MTN. Vanguard Group Inc. increased its position in shares of Vail Resorts by 2.5% in the second quarter. Vanguard Group Inc. now owns 3,126,244 shares of the company’s stock valued at $634,095,000 after buying an additional 76,961 shares during the period. FMR LLC increased its position in shares of Vail Resorts by 0.6% in the first quarter. FMR LLC now owns 2,535,906 shares of the company’s stock valued at $486,640,000 after buying an additional 15,495 shares during the period. BlackRock Inc. increased its position in shares of Vail Resorts by 17.0% in the second quarter. BlackRock Inc. now owns 2,068,244 shares of the company’s stock valued at $419,502,000 after buying an additional 300,793 shares during the period. William Blair Investment Management LLC increased its position in shares of Vail Resorts by 76.8% in the first quarter. William Blair Investment Management LLC now owns 1,312,463 shares of the company’s stock valued at $251,862,000 after buying an additional 570,087 shares during the period. Finally, State Street Corp increased its position in shares of Vail Resorts by 40.2% in the second quarter. State Street Corp now owns 718,192 shares of the company’s stock valued at $145,687,000 after buying an additional 206,079 shares during the period. Institutional investors own 96.80% of the company’s stock.
About Vail Resorts
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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