Vail Resorts (NYSE:MTN) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Vail Resorts (NYSE:MTN) from a sell rating to a hold rating in a report issued on Saturday.

MTN has been the topic of a number of other reports. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 target price (down from $180.00) on shares of Vail Resorts in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft set a $169.00 price objective on shares of Vail Resorts in a research note on Thursday, December 11th. Morgan Stanley dropped their target price on shares of Vail Resorts from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Vail Resorts in a research report on Tuesday. Finally, Mizuho decreased their price objective on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating for the company in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Vail Resorts has a consensus rating of “Hold” and a consensus target price of $176.30.

Vail Resorts Stock Up 0.4%

NYSE:MTN opened at $140.27 on Friday. Vail Resorts has a 1-year low of $129.85 and a 1-year high of $191.42. The company has a market capitalization of $5.02 billion, a PE ratio of 20.57, a P/E/G ratio of 10.78 and a beta of 0.81. The firm’s 50-day moving average price is $146.30 and its 200-day moving average price is $152.03. The company has a debt-to-equity ratio of 5.52, a current ratio of 0.54 and a quick ratio of 0.46.

Vail Resorts (NYSE:MTN) last released its earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($5.23) by $0.03. The firm had revenue of $271.03 million during the quarter, compared to analyst estimates of $273.35 million. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the business earned ($4.61) earnings per share. On average, equities analysts predict that Vail Resorts will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th will be paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, December 30th. Vail Resorts’s dividend payout ratio (DPR) is 130.21%.

Insider Activity at Vail Resorts

In other news, CFO Angela A. Korch acquired 210 shares of Vail Resorts stock in a transaction that occurred on Tuesday, October 7th. The stock was bought at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the transaction, the chief financial officer owned 4,905 shares in the company, valued at $760,275. The trade was a 4.47% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Vail Resorts

A number of large investors have recently made changes to their positions in MTN. BOKF NA lifted its stake in shares of Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares during the period. NBT Bank N A NY raised its holdings in Vail Resorts by 450.0% in the 3rd quarter. NBT Bank N A NY now owns 176 shares of the company’s stock worth $26,000 after purchasing an additional 144 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Vail Resorts by 196.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock valued at $29,000 after purchasing an additional 124 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in Vail Resorts by 676.0% in the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock worth $30,000 after buying an additional 169 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.