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.
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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