Vail Resorts, Inc. (MTN) Given New $250.00 Price Target at Bank of America Corporation
Vail Resorts, Inc. (NYSE:MTN) had its price target lifted by analysts at Bank of America Corporation from $245.00 to $250.00 in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Bank of America Corporation’s price target indicates a potential upside of 7.74% from the company’s previous close.
Other equities analysts have also recently issued reports about the stock. Janney Montgomery Scott restated a “buy” rating and set a $260.00 price target (up from $245.00) on shares of Vail Resorts in a report on Friday, September 29th. Stifel Nicolaus restated a “buy” rating and set a $232.00 price target (up from $229.00) on shares of Vail Resorts in a report on Monday, October 2nd. MKM Partners restated a “buy” rating and set a $266.00 price target (up from $264.00) on shares of Vail Resorts in a report on Monday, October 2nd. Zacks Investment Research upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, September 29th. Finally, William Blair initiated coverage on shares of Vail Resorts in a report on Friday, July 21st. They issued an “outperform” rating for the company. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $250.25.
Vail Resorts (MTN) traded down $0.54 during midday trading on Friday, reaching $232.04. 192,565 shares of the company’s stock traded hands, compared to its average volume of 325,552. Vail Resorts has a 12-month low of $153.66 and a 12-month high of $237.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.58 and a current ratio of 0.72. The stock has a market cap of $9,400.00, a PE ratio of 43.99 and a beta of 0.48.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, September 28th. The company reported ($1.43) earnings per share for the quarter, topping the consensus estimate of ($1.81) by $0.38. Vail Resorts had a net margin of 11.04% and a return on equity of 13.46%. The firm had revenue of $209.10 million for the quarter, compared to analysts’ expectations of $210.92 million. During the same period in the previous year, the company posted ($1.80) EPS. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. equities research analysts expect that Vail Resorts will post 6.2 earnings per share for the current fiscal year.
In other news, insider Patricia A. Campbell sold 5,515 shares of the company’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $222.41, for a total transaction of $1,226,591.15. Following the completion of the transaction, the insider now owns 28,736 shares of the company’s stock, valued at $6,391,173.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Z. Barkin sold 7,953 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $216.55, for a total transaction of $1,722,222.15. The disclosure for this sale can be found here. Insiders have sold 236,742 shares of company stock valued at $51,804,735 in the last ninety days. 3.30% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Vail Resorts by 2.5% in the second quarter. Vanguard Group Inc. now owns 3,126,244 shares of the company’s stock worth $634,095,000 after purchasing an additional 76,961 shares in the last quarter. BlackRock Inc. raised its position in Vail Resorts by 17.0% in the second quarter. BlackRock Inc. now owns 2,068,244 shares of the company’s stock worth $419,502,000 after purchasing an additional 300,793 shares in the last quarter. State Street Corp raised its position in Vail Resorts by 40.2% in the second quarter. State Street Corp now owns 718,192 shares of the company’s stock worth $145,687,000 after purchasing an additional 206,079 shares in the last quarter. JPMorgan Chase & Co. raised its position in Vail Resorts by 24.4% in the third quarter. JPMorgan Chase & Co. now owns 518,066 shares of the company’s stock worth $114,902,000 after purchasing an additional 101,554 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in Vail Resorts by 13.3% in the second quarter. Voya Investment Management LLC now owns 510,171 shares of the company’s stock worth $103,478,000 after purchasing an additional 59,849 shares in the last quarter. 96.16% of the stock is owned by hedge funds and other 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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