ValuEngine Upgrades Vail Resorts (NYSE:MTN) to “Buy”

Vail Resorts (NYSE:MTN) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, ValuEngine reports.

A number of other brokerages have also recently weighed in on MTN. Wells Fargo & Co upped their price target on Vail Resorts from $230.00 to $235.00 and gave the company a “market perform” rating in a research report on Wednesday, September 25th. They noted that the move was a valuation call. KeyCorp upped their price target on Vail Resorts from $255.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Jefferies Financial Group set a $263.00 price target on Vail Resorts and gave the company a “hold” rating in a research report on Friday, September 27th. Deutsche Bank set a $281.00 target price on Vail Resorts and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Bank of America increased their target price on Vail Resorts from $240.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $247.26.

Shares of NYSE:MTN opened at $240.88 on Tuesday. The business’s fifty day moving average price is $237.03 and its two-hundred day moving average price is $232.94. Vail Resorts has a fifty-two week low of $179.60 and a fifty-two week high of $286.40. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 2.04 and a beta of 0.71. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.73 and a quick ratio of 0.60.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, September 26th. The company reported ($2.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.58) by $0.36. Vail Resorts had a return on equity of 18.13% and a net margin of 13.26%. The firm had revenue of $244.01 million for the quarter, compared to analysts’ expectations of $239.91 million. During the same period in the prior year, the business posted ($2.07) earnings per share. The business’s revenue was up 15.3% compared to the same quarter last year. Research analysts expect that Vail Resorts will post 7.94 EPS for the current fiscal year.

In related news, CAO Ryan H. Siurek sold 898 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $235.83, for a total value of $211,775.34. Following the transaction, the chief accounting officer now owns 1,069 shares in the company, valued at $252,102.27. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Kirsten A. Lynch sold 5,834 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $228.62, for a total value of $1,333,769.08. Following the completion of the transaction, the chief marketing officer now owns 17,060 shares in the company, valued at approximately $3,900,257.20. The disclosure for this sale can be found here. Insiders have sold 13,641 shares of company stock worth $3,120,591 in the last 90 days. Company insiders own 2.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of MTN. Point72 Asset Management L.P. bought a new position in Vail Resorts in the second quarter valued at about $67,662,000. Nuveen Asset Management LLC bought a new position in Vail Resorts in the second quarter valued at about $56,153,000. Morgan Stanley boosted its holdings in Vail Resorts by 254.6% in the second quarter. Morgan Stanley now owns 336,975 shares of the company’s stock valued at $75,205,000 after acquiring an additional 241,936 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Vail Resorts by 24.7% in the second quarter. Wells Fargo & Company MN now owns 1,091,519 shares of the company’s stock valued at $243,606,000 after acquiring an additional 215,880 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its holdings in Vail Resorts by 49.0% in the second quarter. Pictet Asset Management Ltd. now owns 277,431 shares of the company’s stock valued at $61,917,000 after acquiring an additional 91,262 shares during the last quarter. Institutional investors and hedge funds own 95.82% of the company’s stock.

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 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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