Vail Resorts Inc. (NYSE:MTN) Given Average Rating of “Buy” by Brokerages
Vail Resorts Inc. (NYSE:MTN) has earned a consensus rating of “Buy” from the thirteen ratings firms that are covering the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $154.98.
A number of equities research analysts have issued reports on MTN shares. KeyCorp increased their price objective on shares of Vail Resorts from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 23rd. MKM Partners set a $180.00 target price on shares of Vail Resorts and gave the stock a “buy” rating in a report on Tuesday, September 20th. Credit Suisse Group AG set a $153.00 target price on shares of Vail Resorts and gave the stock a “buy” rating in a report on Monday, September 12th. Barclays PLC reissued a “buy” rating and issued a $175.00 target price on shares of Vail Resorts in a report on Tuesday, September 27th. Finally, Janney Montgomery Scott reissued a “buy” rating and issued a $153.00 target price (up previously from $150.00) on shares of Vail Resorts in a report on Friday, June 10th.
Shares of Vail Resorts (NYSE:MTN) traded up 0.55% during midday trading on Wednesday, hitting $156.67. 196,036 shares of the stock traded hands. Vail Resorts has a 52 week low of $103.18 and a 52 week high of $162.95. The firm’s 50-day moving average is $159.01 and its 200 day moving average is $141.67. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 39.07 and a beta of 0.66.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, September 26th. The company reported ($1.80) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.67) by $0.13. The firm had revenue of $179.88 million for the quarter. Vail Resorts had a return on equity of 17.22% and a net margin of 9.35%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned ($1.92) EPS. Equities analysts forecast that Vail Resorts will post $5.08 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, October 7th will be issued a dividend of $0.81 per share. The ex-dividend date is Wednesday, October 5th. This represents a $3.24 annualized dividend and a yield of 2.07%. Vail Resorts’s payout ratio is 82.23%.
In other Vail Resorts news, Director John F. Sorte sold 4,688 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $155.94, for a total transaction of $731,046.72. Following the completion of the transaction, the director now owns 63,147 shares in the company, valued at approximately $9,847,143.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Institutional Trust Company N.A. increased its stake in shares of Vail Resorts by 21.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,124,215 shares of the company’s stock valued at $150,308,000 after buying an additional 197,652 shares during the period. Alliancebernstein L.P. increased its stake in shares of Vail Resorts by 1,166.7% in the second quarter. Alliancebernstein L.P. now owns 779,530 shares of the company’s stock valued at $107,754,000 after buying an additional 717,990 shares during the period. Waddell & Reed Financial Inc. increased its stake in shares of Vail Resorts by 0.4% in the second quarter. Waddell & Reed Financial Inc. now owns 676,050 shares of the company’s stock valued at $93,451,000 after buying an additional 2,600 shares during the period. State Street Corp increased its stake in shares of Vail Resorts by 3.1% in the first quarter. State Street Corp now owns 672,314 shares of the company’s stock valued at $89,889,000 after buying an additional 20,470 shares during the period. Finally, William Blair Investment Management LLC increased its stake in shares of Vail Resorts by 120.9% in the second quarter. William Blair Investment Management LLC now owns 334,040 shares of the company’s stock valued at $46,174,000 after buying an additional 182,851 shares during the period. Hedge funds and other institutional investors own 98.48% of the company’s stock.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
Receive News & Ratings for Vail Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vail Resorts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.