Vail Resorts Price Target Raised to $71.00 at JMP Securities (MTN)
Equities researchers at JMP Securities lifted their target price on shares of Vail Resorts (NYSE: MTN) from $60.00 to $71.00 in a report issued on Wednesday. The firm currently has a “market outperform” rating on the stock.
Vail Resorts (NYSE: MTN) traded down 0.63% on Wednesday, hitting $61.53. Vail Resorts has a 52-week low of $39.94 and a 52-week high of $64.11. The stock’s 50-day moving average is currently $56.6. The company has a market cap of $2.209 billion and a price-to-earnings ratio of 87.58.
Vail Resorts (NYSE: MTN) last released its earnings data on Wednesday, March 6th. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by $0.05. The company had revenue of $422.45 million for the quarter, compared to the consensus estimate of $414.13 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. Analysts expect that Vail Resorts will post $1.24 EPS for the current fiscal year.
MTN has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Vail Resorts from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $62.30 price target on the stock. Separately, analysts at TheStreet upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, March 12th. Finally, analysts at Janco Partners upgraded shares of Vail Resorts from a “market perform” rating to a “buy” rating in a research note to investors on Friday, March 8th. They now have a $66.00 price target on the stock, up previously from $58.00.
Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Vail Resorts currently has an average rating of “Buy” and a consensus target price of $64.59.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 9th. Shareholders of record on Monday, March 25th will be given a dividend of $0.21 per share. This represents a $0.83 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, March 21st. This is a positive change from Vail Resorts’s previous quarterly dividend of $0.19.
Vail Resorts, Inc. is a holding company. The Company operations are grouped into three business segments: Mountain, Lodging and Real Estate.
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