Vail Resorts, Inc. (MTN) Research Coverage Started at William Blair
Equities research analysts at William Blair started coverage on shares of Vail Resorts, Inc. (NYSE:MTN) in a note issued to investors on Friday, MarketBeat reports. The brokerage set an “outperform” rating on the stock.
Several other research analysts have also recently weighed in on the company. BidaskClub cut Vail Resorts from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Janney Montgomery Scott increased their price target on Vail Resorts from $220.00 to $245.00 and gave the company a “buy” rating in a research report on Monday, June 12th. Wells Fargo & Company reissued an “outperform” rating and set a $233.00 price target (up from $207.50) on shares of Vail Resorts in a research report on Sunday, June 11th. Barclays PLC reissued an “overweight” rating and set a $226.00 price target on shares of Vail Resorts in a research report on Sunday, June 11th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $229.00 price target (up from $205.00) on shares of Vail Resorts in a research report on Sunday, June 11th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $211.11.
Shares of Vail Resorts (NYSE MTN) traded up 1.13% on Friday, hitting $208.43. The company had a trading volume of 265,965 shares. Vail Resorts has a 12-month low of $140.74 and a 12-month high of $215.82. The firm has a market capitalization of $8.35 billion, a P/E ratio of 40.57 and a beta of 0.54. The firm has a 50 day moving average of $206.54 and a 200-day moving average of $190.75.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, June 8th. The company reported $4.40 earnings per share for the quarter, missing the consensus estimate of $4.86 by $0.46. The firm had revenue of $794.60 million for the quarter, compared to analyst estimates of $802.59 million. Vail Resorts had a return on equity of 14.99% and a net margin of 10.78%. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the company earned $4.23 earnings per share. On average, equities analysts predict that Vail Resorts will post $4.84 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in the stock. Corundum Group Inc. boosted its stake in Vail Resorts by 1.2% in the first quarter. Corundum Group Inc. now owns 1,588 shares of the company’s stock worth $305,000 after buying an additional 19 shares during the last quarter. Concert Wealth Management Inc. boosted its stake in Vail Resorts by 1.1% in the first quarter. Concert Wealth Management Inc. now owns 1,817 shares of the company’s stock worth $290,000 after buying an additional 20 shares during the last quarter. Paloma Partners Management Co boosted its stake in Vail Resorts by 0.8% in the first quarter. Paloma Partners Management Co now owns 2,821 shares of the company’s stock worth $542,000 after buying an additional 23 shares during the last quarter. Creative Planning boosted its stake in Vail Resorts by 2.7% in the second quarter. Creative Planning now owns 1,221 shares of the company’s stock worth $248,000 after buying an additional 32 shares during the last quarter. Finally, Keybank National Association OH boosted its stake in Vail Resorts by 0.6% in the first quarter. Keybank National Association OH now owns 5,474 shares of the company’s stock worth $1,050,000 after buying an additional 34 shares during the last quarter. 97.98% of the stock is 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. Its Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations.
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