MKM Partners Analysts Give Vail Resorts, Inc. (MTN) a $180.00 Price Target
Vail Resorts, Inc. (NYSE:MTN) has been assigned a $180.00 price target by equities researchers at MKM Partners in a report released on Tuesday. The brokerage presently has a a “buy” rating on the stock. MKM Partners’ price target would suggest a potential upside of 12.56% from the company’s previous close.
Several other equities research analysts have also recently commented on MTN. Zacks Investment Research cut Vail Resorts from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. Janney Montgomery Scott reissued a “buy” rating and issued a $153.00 target price (up previously from $150.00) on shares of Vail Resorts in a report on Friday, June 10th. Bank of America Corp. reissued a “buy” rating on shares of Vail Resorts in a report on Friday, June 10th. KeyCorp increased their target price on Vail Resorts from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, August 23rd. Finally, Credit Suisse Group AG set a $153.00 target price on Vail Resorts and gave the company a “buy” rating in a report on Monday, September 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $151.45.
Shares of Vail Resorts (NYSE:MTN) traded up 0.08% on Tuesday, hitting $160.03. The stock had a trading volume of 121,745 shares. Vail Resorts has a 52 week low of $100.50 and a 52 week high of $162.95. The stock has a market capitalization of $5.79 billion, a P/E ratio of 41.29 and a beta of 0.70. The firm has a 50-day moving average price of $156.99 and a 200-day moving average price of $139.65.
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Hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its stake in shares of Vail Resorts by 0.3% in the first quarter. Envestnet Asset Management Inc. now owns 1,796 shares of the company’s stock valued at $240,000 after buying an additional 5 shares during the period. Miles Capital Inc. increased its stake in shares of Vail Resorts by 1.5% in the second quarter. Miles Capital Inc. now owns 2,010 shares of the company’s stock valued at $278,000 after buying an additional 29 shares during the period. Calvert Investment Management Inc. boosted its position in Vail Resorts by 7.5% in the second quarter. Calvert Investment Management Inc. now owns 2,105 shares of the company’s stock valued at $291,000 after buying an additional 146 shares in the last quarter. Williams Jones & Associates LLC boosted its position in Vail Resorts by 2.7% in the second quarter. Williams Jones & Associates LLC now owns 5,690 shares of the company’s stock valued at $787,000 after buying an additional 150 shares in the last quarter. Finally, Foundry Partners LLC boosted its position in Vail Resorts by 9.4% in the second quarter. Foundry Partners LLC now owns 2,625 shares of the company’s stock valued at $363,000 after buying an additional 225 shares in the last quarter. 98.48% of the stock is currently owned by institutional investors.
Vail Resorts Company Profile
Vail Resorts, Inc is a holding company. The Company operates through three segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
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