Vail Resorts Downgraded by Stifel Nicolaus to “Hold” (MTN)
Vail Resorts (NYSE: MTN) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Friday, TheFlyOnTheWall.com reports. They currently have a $66.00 target price on the stock. The analysts noted that the move was a valuation call.
Vail Resorts (NYSE: MTN) traded down 2.06% on Friday, hitting $60.48. Vail Resorts has a 1-year low of $60.57 and a 1-year high of $62.55. The stock’s 50-day moving average is currently $61.6. The company has a market cap of $2.172 billion and a price-to-earnings ratio of 87.34.
Vail Resorts (NYSE: MTN) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $1.65 EPS for the quarter, missing the Thomson Reuters 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 previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts predict that Vail Resorts will post $1.24 earnings per share for the current fiscal year.
A number of other firms have also recently commented on MTN. Analysts at JMP Securities raised their price target on shares of Vail Resorts from $60.00 to $71.00 in a research note to investors on Wednesday. They now have a “market outperform” rating on the stock. Separately, 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. Finally, 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.
Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target 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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