Vail Resorts (MTN) Stock Rating Reaffirmed by Stifel Nicolaus

Vail Resorts (NYSE:MTN)‘s stock had its “hold” rating restated by equities research analysts at Stifel Nicolaus in a note issued to investors on Friday, The Fly reports.

MTN has been the subject of a number of other reports. ValuEngine downgraded Vail Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Barclays dropped their price target on Vail Resorts from $290.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, December 10th. Zacks Investment Research cut Vail Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. Berenberg Bank raised Vail Resorts from a “hold” rating to a “buy” rating in a report on Monday, October 29th. Finally, Macquarie raised Vail Resorts from a “neutral” rating to an “outperform” rating in a report on Monday, October 15th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $290.89.

MTN stock traded down $27.13 during mid-day trading on Friday, reaching $187.50. The company had a trading volume of 3,191,574 shares, compared to its average volume of 392,690. The company has a quick ratio of 0.35, a current ratio of 0.50 and a debt-to-equity ratio of 0.96. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 29.81 and a beta of 0.89. Vail Resorts has a 52 week low of $200.29 and a 52 week high of $302.76.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Friday, December 7th. The company reported ($2.66) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($2.44) by ($0.22). The company had revenue of $220.00 million during the quarter, compared to the consensus estimate of $235.08 million. Vail Resorts had a net margin of 14.94% and a return on equity of 13.55%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.00) earnings per share. On average, equities research analysts anticipate that Vail Resorts will post 7.67 EPS for the current fiscal year.

In related news, Director John F. Sorte sold 2,134 shares of the company’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $240.02, for a total transaction of $512,202.68. Following the transaction, the director now directly owns 47,314 shares of the company’s stock, valued at approximately $11,356,306.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.90% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Highwater Wealth Management LLC bought a new stake in Vail Resorts during the 4th quarter worth approximately $32,000. Harvest Fund Management Co. Ltd raised its position in shares of Vail Resorts by 144.3% in the third quarter. Harvest Fund Management Co. Ltd now owns 386 shares of the company’s stock worth $106,000 after buying an additional 228 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Vail Resorts by 56.0% in the second quarter. Tower Research Capital LLC TRC now owns 504 shares of the company’s stock worth $138,000 after buying an additional 181 shares in the last quarter. GWM Advisors LLC purchased a new stake in shares of Vail Resorts in the third quarter worth $206,000. Finally, Doliver Capital Advisors LP purchased a new stake in shares of Vail Resorts in the third quarter worth $225,000. 95.59% of the stock is currently owned by institutional investors and hedge funds.

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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