Vail Resorts (MTN) PT Raised to $235.00 at Stifel Nicolaus
Vail Resorts (NYSE:MTN) had its price objective boosted by equities research analysts at Stifel Nicolaus from $232.00 to $235.00 in a note issued to investors on Friday. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 4.22% from the company’s current price.
A number of other analysts have also commented on the company. Zacks Investment Research lowered Vail Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Bank of America boosted their target price on Vail Resorts from $245.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, November 10th. MKM Partners reaffirmed a “buy” rating and issued a $266.00 target price (up from $264.00) on shares of Vail Resorts in a research report on Monday, October 2nd. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $260.00 target price (up from $245.00) on shares of Vail Resorts in a research report on Friday, September 29th. Finally, Barclays boosted their target price on Vail Resorts from $226.00 to $247.00 and gave the company an “overweight” rating in a research report on Friday, September 29th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Vail Resorts has a consensus rating of “Buy” and an average target price of $250.63.
Vail Resorts (NYSE MTN) opened at $225.49 on Friday. Vail Resorts has a 12-month low of $158.01 and a 12-month high of $237.77. The firm has a market capitalization of $9,023.88, a PE ratio of 44.74 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.72 and a quick ratio of 0.58.
Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, December 7th. The company reported ($2.00) EPS for the quarter, missing analysts’ consensus estimates of ($1.90) by ($0.10). Vail Resorts had a net margin of 12.55% and a return on equity of 12.02%. The firm had revenue of $220.90 million during the quarter, compared to the consensus estimate of $198.95 million. During the same period in the previous year, the firm earned ($1.70) earnings per share. The business’s quarterly revenue was up 23.9% on a year-over-year basis. research analysts predict that Vail Resorts will post 6.2 earnings per share for the current year.
In other Vail Resorts news, insider Patricia A. Campbell sold 5,515 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the completion of the sale, the insider now directly owns 28,736 shares of the company’s stock, valued at approximately $6,391,173.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Robert A. Katz sold 55,976 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $220.34, for a total value of $12,333,751.84. Following the sale, the chairman now directly owns 496,166 shares of the company’s stock, valued at $109,325,216.44. The disclosure for this sale can be found here. Insiders have sold a total of 236,742 shares of company stock valued at $51,804,735 over the last three months. Corporate insiders own 3.30% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of MTN. Toronto Dominion Bank bought a new stake in Vail Resorts during the 2nd quarter worth approximately $100,000. Commonwealth Bank of Australia increased its holdings in Vail Resorts by 284.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 496 shares of the company’s stock worth $100,000 after purchasing an additional 367 shares in the last quarter. Strs Ohio bought a new stake in Vail Resorts during the 2nd quarter worth approximately $105,000. SG Americas Securities LLC bought a new stake in Vail Resorts during the 2nd quarter worth approximately $117,000. Finally, IFP Advisors Inc increased its holdings in Vail Resorts by 61.7% during the 3rd quarter. IFP Advisors Inc now owns 802 shares of the company’s stock worth $183,000 after purchasing an additional 306 shares in the last quarter. 94.52% of the stock is owned by hedge funds and other institutional investors.
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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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