Vail Resorts, Inc. (MTN) Given Average Rating of “Buy” by Analysts

Vail Resorts, Inc. (NYSE:MTN) has been given a consensus recommendation of “Buy” by the ten analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $286.50.

MTN has been the subject of several research analyst reports. ValuEngine raised Vail Resorts from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Macquarie downgraded Vail Resorts from an “outperform” rating to a “neutral” rating and set a $300.00 price target for the company. in a research note on Wednesday, September 5th. They noted that the move was a valuation call. Zacks Investment Research upgraded Vail Resorts from a “hold” rating to a “buy” rating and set a $319.00 price target for the company in a research note on Friday, July 13th. KeyCorp increased their price target on Vail Resorts from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, October 1st. Finally, Berenberg Bank upgraded Vail Resorts from a “hold” rating to a “buy” rating in a research note on Monday, October 29th.

In other news, Director Peter A. Vaughn sold 400 shares of the stock in a transaction on Thursday, October 4th. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kirsten A. Lynch sold 9,078 shares of the stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $263.06, for a total value of $2,388,058.68. Following the transaction, the executive vice president now owns 34,641 shares of the company’s stock, valued at approximately $9,112,661.46. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Harvest Fund Management Co. Ltd boosted its stake in Vail Resorts by 144.3% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 386 shares of the company’s stock worth $106,000 after purchasing an additional 228 shares during the period. Almanack Investment Partners LLC. bought a new position in Vail Resorts in the 2nd quarter worth about $122,000. Tower Research Capital LLC TRC boosted its stake in Vail Resorts by 56.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 504 shares of the company’s stock worth $138,000 after purchasing an additional 181 shares during the period. Hirtle Callaghan & Co LLC bought a new position in Vail Resorts in the 2nd quarter worth about $192,000. Finally, FDx Advisors Inc. bought a new position in Vail Resorts in the 2nd quarter worth about $206,000. Institutional investors own 95.79% of the company’s stock.

Shares of Vail Resorts stock traded down $2.03 during trading hours on Friday, hitting $265.37. 365,300 shares of the company’s stock traded hands, compared to its average volume of 368,281. Vail Resorts has a 12-month low of $200.68 and a 12-month high of $302.76. The firm has a market cap of $10.48 billion, a PE ratio of 42.19 and a beta of 0.53. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.91 and a quick ratio of 0.76.

Vail Resorts (NYSE:MTN) last announced its earnings results 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 return on equity of 14.43% and a net margin of 18.89%. The firm had revenue of $211.60 million during the quarter, compared to analyst estimates of $211.60 million. During the same period last year, the firm posted ($1.43) EPS. The business’s revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that Vail Resorts will post 7.79 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Tuesday, October 9th were paid a dividend of $1.47 per share. The ex-dividend date was Friday, October 5th. This represents a $5.88 annualized dividend and a dividend yield of 2.22%. Vail Resorts’s payout ratio is 93.48%.

About Vail Resorts

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 Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

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Analyst Recommendations for Vail Resorts (NYSE:MTN)

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