Vail Resorts, Inc. (MTN) Receives Average Rating of “Buy” from Analysts
Vail Resorts, Inc. (NYSE:MTN) has earned a consensus rating of “Buy” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $209.50.
MTN has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $224.00 price objective on the stock in a report on Tuesday, May 16th. BidaskClub lowered shares of Vail Resorts from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Janney Montgomery Scott raised their price objective on shares of Vail Resorts from $220.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, June 12th. William Blair initiated coverage on shares of Vail Resorts in a report on Friday. They set an “outperform” rating on the stock. Finally, Stifel Nicolaus restated a “buy” rating and set a $229.00 price objective (up from $205.00) on shares of Vail Resorts in a report on Sunday, June 11th.
Shares of Vail Resorts (MTN) opened at 209.91 on Tuesday. Vail Resorts has a one year low of $140.74 and a one year high of $215.82. The company has a market cap of $8.41 billion, a PE ratio of 40.85 and a beta of 0.55. The company’s 50-day moving average price is $206.54 and its 200 day moving average price is $190.75.
Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, June 8th. The company reported $4.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.86 by $0.46. The firm had revenue of $794.60 million during 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 company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter last year, the business posted $4.23 earnings per share. Equities analysts forecast that Vail Resorts will post $4.86 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Wednesday, June 28th were given a $1.053 dividend. This represents a $4.21 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Monday, June 26th. Vail Resorts’s dividend payout ratio (DPR) is currently 92.94%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTN. Comerica Bank acquired a new position in Vail Resorts during the fourth quarter worth $295,000. Metropolitan Life Insurance Co. NY increased its position in Vail Resorts by 3.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,666 shares of the company’s stock worth $430,000 after buying an additional 82 shares during the period. Guggenheim Capital LLC increased its position in Vail Resorts by 49.0% in the fourth quarter. Guggenheim Capital LLC now owns 14,688 shares of the company’s stock worth $2,369,000 after buying an additional 4,827 shares during the period. Quadrature Capital Ltd acquired a new position in Vail Resorts during the fourth quarter worth $2,841,000. Finally, Teachers Advisors LLC increased its position in Vail Resorts by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 175,408 shares of the company’s stock worth $28,295,000 after buying an additional 4,729 shares during the period. 98.10% of the stock is owned by institutional investors and hedge funds.
About Vail Resorts
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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