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.
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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