Vail Resorts Inc. (MTN) Sets New 52-Week High at $160.91
Vail Resorts Inc. (NYSE:MTN)’s share price reached a new 52-week high during trading 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.
Several brokerages have recently issued reports on MTN. MKM Partners lifted their price target on Vail Resorts from $147.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, June 10th. KeyCorp lifted their price target on Vail Resorts from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, August 23rd. Zacks Investment Research upgraded Vail Resorts from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Wednesday, July 6th. Sterne Agee CRT reiterated a “buy” rating on shares of Vail Resorts in a research note on Monday, May 16th. Finally, Janney Montgomery Scott reiterated a “buy” rating and issued a $170.00 price target (up previously from $153.00) on shares of Vail Resorts in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $148.52.
The company has a 50-day moving average of $151.07 and a 200 day moving average of $136.61. The company has a market cap of $5.84 billion and a PE ratio of 41.64.
Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 9th. The company reported $4.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.03. The company had revenue of $647.47 million for the quarter, compared to analysts’ expectations of $652.41 million. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.56 EPS. On average, analysts anticipate that Vail Resorts Inc. will post $4.13 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Vail Resorts stock. BlackRock Advisors LLC increased its stake in Vail Resorts Inc. (NYSE:MTN) by 84.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,230 shares of the company’s stock after buying an additional 63,592 shares during the period. BlackRock Advisors LLC owned approximately 0.38% of Vail Resorts worth $17,820,000 as of its most recent SEC filing.
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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