Vail Resorts (MTN) – Investment Analysts’ Recent Ratings Updates
A number of firms have modified their ratings and price targets on shares of Vail Resorts (NYSE: MTN) recently:
- Vail Resorts had its price target raised by analysts at Stifel Nicolaus from $60.00 to $68.00. They now have a “buy” rating on the stock. They wrote, “Despite what could easily be described as a challenging consumer macroeconomic environment, both domestically and abroad, MTN management established preliminary FY13 expectations that trumped our tepid outlook heading into the quarter. Aided by continued strength in its growing season pass program, coupled with an encouraging early season lodging outlook, management established a FY13 Resort EBITDA guidance range of $260M to $270M, implying a y/y increase of ~30% at the midpoint.”
- Vail Resorts had its price target raised by analysts at Credit Suisse from $55.00 to $66.00. They now have an “outperform” rating on the stock.
- Vail Resorts had its price target raised by analysts at Bank of America from $57.00 to $65.00. They now have a “buy” rating on the stock. They wrote, “We believe MTN shares are undervalued after its business model has been tested through both the financial crisis and a very weak snow year in FY2012. Despite snowfall down -51% last year, EBITDA only fell -2% as MTN continues to exert pricing power in season passes, at the window, and on ancillary items. We think earnings volatility is lower going versus historical levels, and we believe both earnings and the multiple should benefit.”
- Vail Resorts had its price target raised by analysts at Keefe, Bruyette & Woods from $50.00 to $62.00. They now have an “outperform” rating on the stock.
- Vail Resorts was downgraded by analysts at Janco Partners from an “accumulate” rating to a “market perform” rating.
Shares of Vail Resorts opened at 57.19 on Thursday. Vail Resorts has a one year low of $35.27 and a one year high of $59.49. The company has a market cap of $2.062 billion and a P/E ratio of 127.39.
Vail Resorts, Inc. is a holding company. The Company operations are grouped into three business segments: Mountain, Lodging and Real Estate.