Vail Resorts, Inc. (MTN) Receives Average Recommendation of “Buy” from Brokerages

Vail Resorts, Inc. (NYSE:MTN) has received a consensus rating of “Buy” from the ten research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $286.50.

MTN has been the subject of a number of analyst reports. Berenberg Bank raised Vail Resorts from a “hold” rating to a “buy” rating in a report on Monday, October 29th. Zacks Investment Research lowered Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine raised Vail Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Macquarie raised Vail Resorts from a “neutral” rating to an “outperform” rating in a report on Monday, October 15th. They noted that the move was a valuation call. Finally, KeyCorp raised their price target on Vail Resorts from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, October 1st.

In related news, Director Peter A. Vaughn sold 400 shares of Vail Resorts stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $254.59, for a total transaction of $101,836.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kirsten A. Lynch sold 9,078 shares of Vail Resorts stock in a transaction 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 sale, the executive vice president now directly owns 34,641 shares of the company’s stock, valued at approximately $9,112,661.46. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd raised its position in Vail Resorts by 144.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 386 shares of the company’s stock valued at $106,000 after purchasing an additional 228 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in Vail Resorts during the second quarter valued at about $122,000. Tower Research Capital LLC TRC raised its position in Vail Resorts by 56.0% during the second quarter. Tower Research Capital LLC TRC now owns 504 shares of the company’s stock valued at $138,000 after purchasing an additional 181 shares in the last quarter. FDx Advisors Inc. purchased a new stake in Vail Resorts during the second quarter valued at about $206,000. Finally, GWM Advisors LLC purchased a new stake in Vail Resorts during the third quarter valued at about $206,000. 95.18% of the stock is owned by institutional investors.

NYSE MTN traded up $1.41 on Tuesday, hitting $279.18. 303,598 shares of the stock traded hands, compared to its average volume of 259,342. Vail Resorts has a 12 month low of $200.68 and a 12 month high of $302.76. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 44.38 and a beta of 0.53. 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 posted its quarterly earnings results on Friday, September 28th. The company reported ($2.07) EPS for the quarter, topping the Zacks’ consensus estimate of ($2.26) by $0.19. Vail Resorts had a return on equity of 14.43% and a net margin of 18.89%. The firm had revenue of $211.60 million during the quarter, compared to analyst estimates of $211.60 million. During the same period last year, the company earned ($1.43) earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts forecast that Vail Resorts will post 7.79 EPS for the current year.

Vail Resorts Company Profile

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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Analyst Recommendations for Vail Resorts (NYSE:MTN)

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