Vail Resorts Reaches New 52-Week High at $79.96 (MTN)
Vail Resorts (NYSE:MTN)’s share price hit a new 52-week high during mid-day trading on Thursday , AnalystRatingsNetwork.com reports. The company traded as high as $79.96 and last traded at $78.38, with a volume of 57,620 shares traded. The stock had previously closed at $78.47.
A number of research firms have recently commented on MTN. Analysts at Zacks downgraded shares of Vail Resorts from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $82.20 price target on the stock. Separately, analysts at Bank of America reiterated a “buy” rating on shares of Vail Resorts in a research note on Monday, June 23rd. They now have a $92.00 price target on the stock, up previously from $80.00. Finally, analysts at Evercore Partners upgraded shares of Vail Resorts from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 2nd. They now have a $85.00 price target on the stock, up previously from $78.00. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $84.44.
The stock has a 50-day moving average of $76.78 and a 200-day moving average of $72.30. The company has a market cap of $2.850 billion and a P/E ratio of 66.05.
Vail Resorts (NYSE:MTN) last announced its earnings results on Thursday, June 5th. The company reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.26. The company had revenue of $543.05 million for the quarter, compared to the consensus estimate of $522.03 million. During the same quarter in the previous year, the company posted $2.66 earnings per share. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, analysts predict that Vail Resorts will post $0.87 earnings per share for the current fiscal year.
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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