Credit Suisse Reiterates “Hold” Rating for Vail Resorts (MTN)
Vail Resorts (NYSE:MTN)‘s stock had its “hold” rating reiterated by research analysts at Credit Suisse in a report released on Monday, StockRatingsNetwork reports. They currently have a $71.00 target price on the stock. Credit Suisse’s price objective points to a potential upside of 2.33% from the stock’s previous close.
MTN has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Vail Resorts (NYSE:MTN) in a research note to investors on Monday. They now have a $76.00 price target on the stock, up previously from $72.00. Analysts at Zacks upgraded shares of Vail Resorts (NYSE:MTN) from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, August 2nd. They now have a $68.90 price target on the stock. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $71.24.
Vail Resorts (NYSE:MTN) traded down 0.30% on Monday, hitting $69.38. 204,933 shares of the company’s stock traded hands. Vail Resorts has a one year low of $49.35 and a one year high of $71.18. The stock has a 50-day moving average of $68.94 and a 200-day moving average of $64.67. The company has a P/E ratio of 67.56.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Friday, September 27th. The company reported ($1.67) earnings per share for the quarter, beating the analysts’ consensus estimate of ($1.71) by $0.04. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $117.82 million. During the same quarter in the previous year, the company posted ($1.50) earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts expect that Vail Resorts will post $1.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.21 per share. This represents a $0.83 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Monday, October 7th.
Vail Resorts, Inc is a holding company. The Company’s operations are grouped into three business segments: Mountain, Lodging and Real Estate.
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