Vail Resorts, Inc. (MTN) Given Consensus Recommendation of “Buy” by Brokerages

Vail Resorts, Inc. (NYSE:MTN) has received an average rating of “Buy” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $250.75.

MTN has been the topic of several recent research reports. Zacks Investment Research lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, August 29th. KeyCorp restated an “overweight” rating and set a $250.00 price objective on shares of Vail Resorts in a research note on Wednesday, August 30th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $229.00 target price on shares of Vail Resorts in a research note on Thursday, September 7th. Barclays lifted their target price on shares of Vail Resorts from $226.00 to $247.00 and gave the stock an “overweight” rating in a research note on Friday, September 29th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and issued a $260.00 target price (up from $245.00) on shares of Vail Resorts in a research note on Friday, September 29th.

In related news, Director John F. Sorte sold 6,597 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $216.74, for a total transaction of $1,429,833.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert A. Katz sold 115,900 shares of the business’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $218.73, for a total value of $25,350,807.00. The disclosure for this sale can be found here. Insiders have sold 236,742 shares of company stock valued at $51,804,735 over the last quarter. 3.30% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Vail Resorts by 15,556.3% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 255,197 shares of the company’s stock valued at $51,762,000 after buying an additional 253,567 shares in the last quarter. Tocqueville Asset Management L.P. lifted its stake in shares of Vail Resorts by 0.3% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 2,770 shares of the company’s stock valued at $562,000 after purchasing an additional 8 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Vail Resorts in the 2nd quarter valued at $3,186,000. Swiss National Bank lifted its stake in shares of Vail Resorts by 1.0% in the 3rd quarter. Swiss National Bank now owns 176,200 shares of the company’s stock valued at $40,195,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Aperio Group LLC lifted its stake in shares of Vail Resorts by 13.5% in the 3rd quarter. Aperio Group LLC now owns 9,746 shares of the company’s stock valued at $2,223,000 after purchasing an additional 1,160 shares during the last quarter. Hedge funds and other institutional investors own 94.43% of the company’s stock.

Shares of Vail Resorts (NYSE MTN) traded down $1.36 during mid-day trading on Friday, reaching $215.63. 946,300 shares of the company’s stock traded hands, compared to its average volume of 336,572. The company has a quick ratio of 0.41, a current ratio of 0.56 and a debt-to-equity ratio of 0.78. Vail Resorts has a 12-month low of $159.84 and a 12-month high of $237.77. The firm has a market cap of $8,767.92, a price-to-earnings ratio of 43.05 and a beta of 0.45.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, December 7th. The company reported ($2.00) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.90) by ($0.10). Vail Resorts had a net margin of 12.55% and a return on equity of 12.28%. The business had revenue of $220.90 million during the quarter, compared to analyst estimates of $198.95 million. During the same quarter in the previous year, the firm posted ($1.70) earnings per share. The firm’s quarterly revenue was up 23.9% on a year-over-year basis. equities analysts expect that Vail Resorts will post 6.85 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th will be given a $1.053 dividend. This represents a $4.21 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Tuesday, December 26th. Vail Resorts’s dividend payout ratio (DPR) is presently 71.48%.

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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.

Analyst Recommendations for Vail Resorts (NYSE:MTN)

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