Vail Resorts (NYSE:MTN) had its target price decreased by investment analysts at Deutsche Bank from $294.00 to $267.00 in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 42.02% from the stock’s previous close.
Several other research firms have also recently weighed in on MTN. Zacks Investment Research cut Vail Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. KeyCorp boosted their price target on Vail Resorts from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, October 1st. ValuEngine upgraded Vail Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Macquarie upgraded Vail Resorts from a “neutral” rating to an “outperform” rating in a research note on Monday, October 15th. They noted that the move was a valuation call. Finally, Berenberg Bank upgraded Vail Resorts from a “hold” rating to a “buy” rating in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $287.56.
MTN stock opened at $188.00 on Monday. Vail Resorts has a 1-year low of $181.96 and a 1-year high of $302.76. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.50 and a quick ratio of 0.35. The firm has a market capitalization of $7.56 billion, a PE ratio of 29.89 and a beta of 0.89.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Friday, December 7th. The company reported ($2.66) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.44) by ($0.22). Vail Resorts had a return on equity of 13.55% and a net margin of 14.94%. The business had revenue of $220.00 million during the quarter, compared to analysts’ expectations of $235.08 million. During the same quarter in the prior year, the firm earned ($2.00) EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Vail Resorts will post 7.6 EPS for the current fiscal year.
In related news, Director John F. Sorte sold 2,134 shares of the company’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $240.02, for a total transaction of $512,202.68. Following the completion of the sale, the director now owns 47,314 shares in the company, valued at $11,356,306.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Vail Resorts by 4.8% in the third quarter. BlackRock Inc. now owns 2,236,333 shares of the company’s stock worth $613,694,000 after buying an additional 101,527 shares in the last quarter. FMR LLC increased its position in Vail Resorts by 8.2% in the third quarter. FMR LLC now owns 1,383,743 shares of the company’s stock worth $379,726,000 after buying an additional 105,357 shares in the last quarter. CI Investments Inc. increased its position in Vail Resorts by 0.3% in the third quarter. CI Investments Inc. now owns 366,500 shares of the company’s stock worth $100,575,000 after buying an additional 1,200 shares in the last quarter. Eagle Asset Management Inc. increased its position in Vail Resorts by 7.6% in the third quarter. Eagle Asset Management Inc. now owns 356,990 shares of the company’s stock worth $97,965,000 after buying an additional 25,073 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Vail Resorts by 33.7% in the third quarter. Renaissance Technologies LLC now owns 326,500 shares of the company’s stock worth $89,598,000 after buying an additional 82,300 shares in the last quarter. Institutional investors own 95.58% 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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