Vail Resorts, Inc. (MTN) Receives $289.88 Consensus PT from Analysts

Shares of Vail Resorts, Inc. (NYSE:MTN) have earned an average recommendation of “Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $289.88.

Several equities research analysts recently issued reports on the stock. Berenberg Bank assumed coverage on shares of Vail Resorts in a research note on Wednesday, June 20th. They issued a “hold” rating and a $300.00 price objective for the company. ValuEngine raised shares of Vail Resorts from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Zacks Investment Research lowered shares of Vail Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. KeyCorp boosted their target price on shares of Vail Resorts from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, October 1st. Finally, Macquarie lowered shares of Vail Resorts from an “outperform” rating to a “neutral” rating and set a $300.00 target price for the company. in a research report on Wednesday, September 5th. They noted that the move was a valuation call.

In other news, Director Peter A. Vaughn sold 400 shares of the business’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $254.59, for a total transaction of $101,836.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kirsten A. Lynch sold 9,078 shares of the business’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $263.06, for a total transaction of $2,388,058.68. Following the transaction, the executive vice president now owns 34,641 shares in the company, valued at approximately $9,112,661.46. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of MTN. Summit Trail Advisors LLC increased its holdings in shares of Vail Resorts by 20,630.6% during the 1st quarter. Summit Trail Advisors LLC now owns 921,266 shares of the company’s stock worth $921,000 after purchasing an additional 916,822 shares during the period. Millennium Management LLC increased its holdings in shares of Vail Resorts by 3,695.2% during the 2nd quarter. Millennium Management LLC now owns 189,534 shares of the company’s stock worth $51,968,000 after purchasing an additional 184,540 shares during the period. Marshall Wace LLP bought a new position in shares of Vail Resorts during the 2nd quarter worth about $36,577,000. Unigestion Holding SA bought a new position in shares of Vail Resorts during the 2nd quarter worth about $35,393,000. Finally, Ardevora Asset Management LLP bought a new position in shares of Vail Resorts during the 2nd quarter worth about $34,347,000. Institutional investors own 96.13% of the company’s stock.

Shares of MTN stock traded up $6.24 on Monday, hitting $245.85. The company’s stock had a trading volume of 837,206 shares, compared to its average volume of 370,106. The company has a current ratio of 1.04, a quick ratio of 0.88 and a debt-to-equity ratio of 0.54. Vail Resorts has a fifty-two week low of $200.68 and a fifty-two week high of $302.76. The firm has a market cap of $11.07 billion, a PE ratio of 39.09 and a beta of 0.40.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Friday, September 28th. The company reported ($2.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.26) by $0.19. Vail Resorts had a net margin of 18.89% and a return on equity of 14.39%. The business had revenue of $211.60 million during the quarter, compared to analyst estimates of $211.60 million. During the same quarter in the previous year, the business earned ($1.43) EPS. Vail Resorts’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, analysts forecast that Vail Resorts will post 8.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Tuesday, October 9th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Friday, October 5th. Vail Resorts’s dividend payout ratio is 93.48%.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail, Beaver Creek, Breckenridge, and Keystone resorts in Colorado; Park City Mountain resort in Utah; Heavenly, Northstar, and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Northern Vermont; and Perisher in Australia, as well as three urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

Further Reading: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Vail Resorts (NYSE:MTN)

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