Vail Resorts Inc. (MTN) Hits New 52-Week High at $160.91
Vail Resorts Inc. (NYSE:MTN)’s share price hit a new 52-week high on Thursday . The company traded as high as $160.91 and last traded at $160.50, with a volume of 285,594 shares. The stock had previously closed at $158.43.
MTN has been the subject of a number of research analyst reports. Bank of America Corp. reaffirmed a “buy” rating on shares of Vail Resorts in a research note on Friday, June 10th. KeyCorp boosted their target price 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. Zacks Investment Research downgraded shares of Vail Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. MKM Partners boosted their price target on shares of Vail Resorts from $147.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, June 10th. Finally, Sterne Agee CRT reissued a “buy” rating on shares of Vail Resorts in a research note on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $148.52.
The firm has a market capitalization of $5.80 billion and a price-to-earnings ratio of 41.41. The company has a 50-day moving average of $150.59 and a 200 day moving average of $136.44.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, June 9th. The company reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.03. During the same quarter last year, the business earned $3.56 EPS. The business earned $647.47 million during the quarter, compared to the consensus estimate of $652.41 million. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts forecast that Vail Resorts Inc. will post $4.13 EPS for the current fiscal year.
An institutional investor recently raised its position in Vail Resorts stock. AJO LP increased its stake in shares of Vail Resorts Inc. (NYSE:MTN) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,074 shares of the company’s stock after buying an additional 1,438 shares during the period. AJO LP owned about 0.07% of Vail Resorts worth $3,081,000 as of its most recent filing with the SEC.
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.
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