Vail Resorts (NYSE:MTN) had its price target lowered by MKM Partners to $252.00 in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the stock. MKM Partners’ target price points to a potential upside of 13.43% from the company’s current price.
A number of other research analysts also recently issued reports on the company. Deutsche Bank assumed coverage on Vail Resorts in a research note on Wednesday, December 13th. They set a “buy” rating and a $265.00 price objective for the company. Zacks Investment Research downgraded Vail Resorts from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Stifel Nicolaus boosted their price objective on Vail Resorts from $232.00 to $235.00 and gave the company a “hold” rating in a research note on Friday, December 8th. Bank of America upped their price target on Vail Resorts from $245.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Finally, Janney Montgomery Scott restated a “buy” rating and issued a $260.00 price target (up from $245.00) on shares of Vail Resorts in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Vail Resorts has an average rating of “Buy” and a consensus target price of $250.67.
Shares of Vail Resorts (NYSE MTN) traded down $0.15 during trading hours on Tuesday, hitting $222.16. The company had a trading volume of 1,035,021 shares, compared to its average volume of 904,540. The company has a market cap of $8,980.00, a P/E ratio of 37.65 and a beta of 0.45. The company has a current ratio of 0.56, a quick ratio of 0.41 and a debt-to-equity ratio of 0.78. Vail Resorts has a 52 week low of $161.12 and a 52 week high of $237.77.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Thursday, December 7th. The company reported ($2.00) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.90) by ($0.10). The company had revenue of $220.90 million for the quarter, compared to the consensus estimate of $198.95 million. Vail Resorts had a net margin of 12.55% and a return on equity of 12.28%. The company’s revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.70) earnings per share. research analysts predict that Vail Resorts will post 7.01 EPS for the current year.
In other Vail Resorts news, Director Michele Romanow purchased 225 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was acquired at an average cost of $221.54 per share, for a total transaction of $49,846.50. Following the purchase, the director now directly owns 1,663 shares of the company’s stock, valued at approximately $368,421.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Patricia A. Campbell sold 5,515 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $222.41, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of MTN. Vanguard Group Inc. raised its holdings in shares of Vail Resorts by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,126,244 shares of the company’s stock worth $634,095,000 after acquiring an additional 76,961 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Vail Resorts by 17.0% during the 2nd quarter. BlackRock Inc. now owns 2,068,244 shares of the company’s stock worth $419,502,000 after acquiring an additional 300,793 shares in the last quarter. State Street Corp raised its holdings in shares of Vail Resorts by 40.2% during the 2nd quarter. State Street Corp now owns 718,192 shares of the company’s stock worth $145,687,000 after acquiring an additional 206,079 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Vail Resorts by 24.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 518,066 shares of the company’s stock worth $114,902,000 after acquiring an additional 101,554 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Vail Resorts by 13.3% during the 2nd quarter. Voya Investment Management LLC now owns 510,171 shares of the company’s stock worth $103,478,000 after acquiring an additional 59,849 shares in the last quarter. Institutional investors and hedge funds own 93.56% of the company’s stock.
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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.