Vail Resorts (NYSE:MTN) was upgraded by stock analysts at Berenberg Bank from a “hold” rating to a “buy” rating in a report released on Monday, October 29th, MarketBeat reports.
Other analysts have also recently issued reports about the company. Zacks Investment Research raised Vail Resorts from a “hold” rating to a “buy” rating and set a $319.00 price target for the company in a research note on Friday, July 13th. ValuEngine raised Vail Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Macquarie cut Vail Resorts from an “outperform” rating to a “neutral” rating and set a $300.00 price target for the company. in a research note on Wednesday, September 5th. They noted that the move was a valuation call. Finally, KeyCorp upped their price target on Vail Resorts from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, October 1st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Vail Resorts has an average rating of “Buy” and a consensus target price of $293.11.
NYSE:MTN traded up $8.95 on Monday, hitting $265.84. 227,360 shares of the stock were exchanged, compared to its average volume of 324,296. The stock has a market capitalization of $10.40 billion, a P/E ratio of 42.26 and a beta of 0.53. Vail Resorts has a 52 week low of $200.68 and a 52 week high of $302.76. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Friday, September 28th. The company reported ($2.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.26) by $0.19. The firm had revenue of $211.60 million during the quarter, compared to analysts’ expectations of $211.60 million. Vail Resorts had a return on equity of 14.43% and a net margin of 18.89%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.43) EPS. As a group, equities analysts predict that Vail Resorts will post 7.79 EPS for the current year.
In related news, Director Peter A. Vaughn sold 400 shares of the business’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $254.59, for a total value of $101,836.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kirsten A. Lynch sold 9,078 shares of the business’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $263.06, for a total value of $2,388,058.68. Following the completion of the transaction, the executive vice president now owns 34,641 shares of the company’s stock, valued at $9,112,661.46. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of MTN. Legal & General Group Plc grew its position in shares of Vail Resorts by 1.9% in the 1st quarter. Legal & General Group Plc now owns 51,402 shares of the company’s stock valued at $11,396,000 after purchasing an additional 950 shares during the period. Royal Bank of Canada grew its position in shares of Vail Resorts by 0.5% in the 1st quarter. Royal Bank of Canada now owns 88,543 shares of the company’s stock valued at $19,629,000 after purchasing an additional 431 shares during the period. CIBC World Markets Inc. acquired a new position in shares of Vail Resorts in the 1st quarter valued at approximately $639,000. Summit Trail Advisors LLC grew its position in shares of Vail Resorts by 13.2% in the 1st quarter. Summit Trail Advisors LLC now owns 5,032 shares of the company’s stock valued at $921,000 after purchasing an additional 588 shares during the period. Finally, IFM Investors Pty Ltd acquired a new position in shares of Vail Resorts in the 2nd quarter valued at approximately $344,000. Institutional investors and hedge funds own 95.18% of the company’s stock.
About Vail Resorts
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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