Vail Resorts, Inc. (MTN) Given a $180.00 Price Target at MKM Partners
Vail Resorts, Inc. (NYSE:MTN) has been given a $180.00 price objective by investment analysts at MKM Partners in a research report issued on Tuesday. The firm presently has a a “buy” rating on the stock. MKM Partners’ target price would indicate a potential upside of 12.56% from the stock’s current price.
A number of other brokerages also recently weighed in on MTN. Bank of America Corp. reaffirmed a “buy” rating on shares of Vail Resorts in a research note on Friday, June 10th. Zacks Investment Research downgraded shares of Vail Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. KeyCorp boosted their price target on shares of Vail Resorts from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 23rd. Credit Suisse Group AG set a $153.00 price target on shares of Vail Resorts and gave the stock a “buy” rating in a research note on Monday, September 12th. Finally, Janney Montgomery Scott reissued a “buy” rating and set a $153.00 price target (up from $150.00) on shares of Vail Resorts in a research note on Friday, June 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $151.45.
Shares of Vail Resorts (NYSE:MTN) traded up 0.08% during midday trading on Tuesday, hitting $160.03. 121,745 shares of the company’s stock were exchanged. The company has a 50-day moving average of $156.99 and a 200-day moving average of $139.65. Vail Resorts has a 52 week low of $100.50 and a 52 week high of $162.95. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 41.29 and a beta of 0.70.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTN. Pacer Advisors Inc. boosted its position in Vail Resorts by 502.4% in the second quarter. Pacer Advisors Inc. now owns 1,271 shares of the company’s stock valued at $176,000 after buying an additional 1,060 shares during the period. Corundum Group Inc. bought a new position in Vail Resorts during the second quarter valued at $207,000. BlueMountain Capital Management LLC bought a new position in Vail Resorts during the first quarter valued at $210,000. FineMark National Bank & Trust boosted its position in Vail Resorts by 20,025.0% in the second quarter. FineMark National Bank & Trust now owns 1,610 shares of the company’s stock valued at $223,000 after buying an additional 1,602 shares during the period. Finally, Hsbc Holdings PLC bought a new position in Vail Resorts during the second quarter valued at $223,000. Institutional investors own 98.48% of the company’s stock.
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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