Vail Resorts, Inc. (MTN) Receives Consensus Rating of “Buy” from Brokerages
Vail Resorts, Inc. (NYSE:MTN) has been given a consensus rating of “Buy” by the ten analysts that are currently covering the stock. One investment analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $189.14.
A number of analysts have recently weighed in on MTN shares. MKM Partners reiterated a “buy” rating and set a $180.00 target price on shares of Vail Resorts in a research report on Friday, December 9th. Wells Fargo & Co reiterated an “outperform” rating on shares of Vail Resorts in a research report on Monday. Janney Montgomery Scott upped their target price on Vail Resorts from $195.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, March 13th. Stifel Nicolaus upped their target price on Vail Resorts from $181.00 to $205.00 and gave the company a “hold” rating in a research report on Monday, March 13th. Finally, Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $209.00 price target for the company in a report on Wednesday, March 15th.
Vail Resorts (NYSE:MTN) traded down 0.32% during trading on Monday, reaching $188.40. The company had a trading volume of 103,154 shares. The firm has a market capitalization of $7.55 billion, a PE ratio of 40.49 and a beta of 0.47. Vail Resorts has a 12-month low of $124.00 and a 12-month high of $194.05. The firm’s 50 day moving average price is $180.07 and its 200 day moving average price is $165.04.
Vail Resorts (NYSE:MTN) last released its earnings results on Friday, March 10th. The company reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.26. The firm earned $725.20 million during the quarter, compared to the consensus estimate of $708.73 million. Vail Resorts had a return on equity of 13.81% and a net margin of 9.14%. The company’s revenue was up 21.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.14 EPS. Analysts anticipate that Vail Resorts will post $5.35 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Wednesday, March 29th will be issued a dividend of $1.053 per share. The ex-dividend date is Monday, March 27th. This represents a $4.21 dividend on an annualized basis and a dividend yield of 2.23%. This is a boost from Vail Resorts’s previous quarterly dividend of $0.81. Vail Resorts’s payout ratio is 83.72%.
In other news, Director John Redmond sold 7,500 shares of the business’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $161.51, for a total transaction of $1,211,325.00. Following the completion of the transaction, the director now owns 14,890 shares of the company’s stock, valued at approximately $2,404,883.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.60% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of Vail Resorts by 43.9% in the second quarter. Royal Bank of Canada now owns 208,676 shares of the company’s stock worth $28,845,000 after buying an additional 63,666 shares during the last quarter. Williams Jones & Associates LLC boosted its position in shares of Vail Resorts by 2.7% in the second quarter. Williams Jones & Associates LLC now owns 5,690 shares of the company’s stock worth $787,000 after buying an additional 150 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Vail Resorts by 19.6% in the third quarter. BNP Paribas Arbitrage SA now owns 41,157 shares of the company’s stock worth $6,457,000 after buying an additional 6,742 shares during the last quarter. Foundry Partners LLC boosted its position in shares of Vail Resorts by 2.9% in the third quarter. Foundry Partners LLC now owns 2,700 shares of the company’s stock worth $424,000 after buying an additional 75 shares during the last quarter. Finally, First Mercantile Trust Co. boosted its position in shares of Vail Resorts by 23.8% in the third quarter. First Mercantile Trust Co. now owns 3,837 shares of the company’s stock worth $602,000 after buying an additional 737 shares during the last quarter. 93.34% of the stock is owned by institutional investors and hedge funds.
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About Vail Resorts
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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