Vail Resorts (NYSE:MTN) Upgraded to “B-” by TheStreet

Vail Resorts (NYSE:MTN) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Thursday, TheStreetRatingsTable reports.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Vail Resorts from a “sell” rating to a “hold” rating and set a $329.00 price objective on the stock in a report on Wednesday. Truist Securities lifted their price objective on Vail Resorts from $308.00 to $322.00 and gave the stock a “hold” rating in a report on Friday. Truist increased their target price on Vail Resorts from $308.00 to $322.00 and gave the company a “hold” rating in a report on Friday. Bank of America boosted their price target on Vail Resorts from $365.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, June 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Vail Resorts from $298.00 to $301.00 and gave the company a “hold” rating in a report on Tuesday. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $313.92.

MTN opened at $351.85 on Thursday. The company has a fifty day moving average of $303.30 and a two-hundred day moving average of $311.13. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 130.31 and a beta of 1.31. Vail Resorts has a fifty-two week low of $208.72 and a fifty-two week high of $352.38. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.25 and a current ratio of 2.35.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Wednesday, September 22nd. The company reported ($3.49) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.53) by $0.04. The company had revenue of $204.20 million during the quarter, compared to analysts’ expectations of $177.24 million. Vail Resorts had a return on equity of 7.40% and a net margin of 6.45%. Vail Resorts’s quarterly revenue was up 164.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($3.82) EPS. On average, equities research analysts forecast that Vail Resorts will post 3.21 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC raised its position in Vail Resorts by 2.0% in the second quarter. Parametric Portfolio Associates LLC now owns 51,706 shares of the company’s stock valued at $16,366,000 after purchasing an additional 1,032 shares during the period. Sawtooth Solutions LLC acquired a new position in Vail Resorts in the second quarter valued at about $206,000. B. Metzler seel. Sohn & Co. Holding AG lifted its position in Vail Resorts by 3.4% in the second quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 1,140 shares of the company’s stock valued at $361,000 after buying an additional 38 shares during the last quarter. Comerica Bank boosted its stake in Vail Resorts by 135.6% during the second quarter. Comerica Bank now owns 4,313 shares of the company’s stock worth $1,230,000 after buying an additional 2,482 shares during the period. Finally, Morgan Stanley increased its position in shares of Vail Resorts by 9.4% during the second quarter. Morgan Stanley now owns 72,564 shares of the company’s stock valued at $22,967,000 after acquiring an additional 6,244 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

About Vail Resorts

Vail Resorts, Inc is a holding company, which engages in the operation of mountain resorts. It operates through the following segments: Mountain, Lodging, and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas, and related activities. The Lodging segment includes ownership of hotels, condominium management, Colorado resort ground transportation company, and mountain resort golf courses.

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Analyst Recommendations for Vail Resorts (NYSE:MTN)

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