Brokerages Set Vail Resorts, Inc. (MTN) Target Price at $247.50

Shares of Vail Resorts, Inc. (NYSE:MTN) have received a consensus rating of “Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $247.50.

Several brokerages have recently weighed in on MTN. Zacks Investment Research raised shares of Vail Resorts from a “hold” rating to a “strong-buy” rating and set a $264.00 price target on the stock in a research report on Wednesday, October 25th. Stifel Nicolaus reissued a “buy” rating and set a $232.00 price target (up previously from $229.00) on shares of Vail Resorts in a research report on Monday, October 2nd. MKM Partners reissued a “buy” rating and set a $266.00 price target (up previously from $264.00) on shares of Vail Resorts in a research report on Monday, October 2nd. Janney Montgomery Scott reissued a “buy” rating and set a $260.00 price target (up previously from $245.00) on shares of Vail Resorts in a research report on Friday, September 29th. Finally, Barclays PLC boosted their price target on shares of Vail Resorts from $226.00 to $247.00 and gave the company an “overweight” rating in a research report on Friday, September 29th.

In other Vail Resorts news, insider Patricia A. Campbell sold 5,515 shares of the business’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 sale, the insider now directly owns 28,736 shares in the company, valued at $6,391,173.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Robert A. Katz sold 55,976 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $220.34, for a total transaction of $12,333,751.84. Following the sale, the chairman now owns 496,166 shares in the company, valued at $109,325,216.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 236,742 shares of company stock worth $51,804,735. 3.30% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of MTN. Commonwealth Bank of Australia increased its stake in Vail Resorts by 284.5% during the second quarter. Commonwealth Bank of Australia now owns 496 shares of the company’s stock worth $100,000 after purchasing an additional 367 shares during the period. Toronto Dominion Bank purchased a new stake in Vail Resorts during the second quarter worth about $100,000. Strs Ohio purchased a new stake in Vail Resorts during the second quarter worth about $105,000. SG Americas Securities LLC purchased a new stake in Vail Resorts during the second quarter worth about $117,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Vail Resorts during the second quarter worth about $162,000. Institutional investors own 96.45% of the company’s stock.

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Shares of Vail Resorts (MTN) traded up $3.82 during mid-day trading on Thursday, hitting $235.62. 234,382 shares of the stock traded hands, compared to its average volume of 291,685. 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 firm has a market cap of $9,429.28, a PE ratio of 44.12 and a beta of 0.48. Vail Resorts has a 1 year low of $153.66 and a 1 year high of $235.99.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, September 28th. The company reported ($1.43) earnings per share for the quarter, beating the consensus estimate of ($1.81) by $0.38. The firm had revenue of $209.10 million for the quarter, compared to analysts’ expectations of $210.92 million. Vail Resorts had a net margin of 11.04% and a return on equity of 13.46%. The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.80) EPS. analysts expect that Vail Resorts will post 6.2 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Tuesday, October 10th were issued a $1.053 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $4.21 annualized dividend and a yield of 1.79%. Vail Resorts’s dividend payout ratio (DPR) is currently 85.92%.

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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