Vail Resorts (NYSE:MTN) Earns Market Perform Rating from Analysts at Wells Fargo & Co

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Equities researchers at Wells Fargo & Co assumed coverage on shares of Vail Resorts (NYSE:MTN) in a research note issued on Monday, Marketbeat Ratings reports. The brokerage set a “market perform” rating and a $230.00 price target on the stock. Wells Fargo & Co‘s target price suggests a potential downside of 0.97% from the stock’s current price.

Several other research analysts also recently issued reports on the company. Deutsche Bank set a $261.00 price target on Vail Resorts and gave the stock a “buy” rating in a research note on Friday, June 7th. Zacks Investment Research raised GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research note on Monday, May 27th. SunTrust Banks lifted their price target on Vail Resorts to $247.00 and gave the stock a “buy” rating in a research note on Friday, June 7th. KeyCorp raised AngioDynamics from a “sector weight” rating to an “overweight” rating in a research note on Monday, April 1st. Finally, Jefferies Financial Group lifted their price target on Constellation Brands from $267.00 to $275.00 and gave the stock a “top pick” rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $237.18.

Vail Resorts stock opened at $232.25 on Monday. Vail Resorts has a one year low of $179.60 and a one year high of $302.76. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. The firm has a fifty day simple moving average of $226.48. The firm has a market capitalization of $9.21 billion, a P/E ratio of 36.92, a P/E/G ratio of 2.17 and a beta of 0.67.

Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, June 6th. The company reported $7.12 EPS for the quarter, beating analysts’ consensus estimates of $7.03 by $0.09. Vail Resorts had a return on equity of 18.25% and a net margin of 13.71%. The company had revenue of $958.00 million during the quarter, compared to the consensus estimate of $958.39 million. During the same quarter last year, the company earned $6.17 earnings per share. Vail Resorts’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts anticipate that Vail Resorts will post 6.99 EPS for the current fiscal year.

In related news, Chairman Robert A. Katz sold 64,913 shares of the business’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $231.95, for a total value of $15,056,570.35. Following the completion of the transaction, the chairman now owns 425,729 shares of the company’s stock, valued at approximately $98,747,841.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patricia A. Campbell sold 6,431 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $235.53, for a total transaction of $1,514,693.43. Following the completion of the transaction, the insider now directly owns 33,729 shares of the company’s stock, valued at approximately $7,944,191.37. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Vail Resorts by 5.9% in the 1st quarter. BlackRock Inc. now owns 2,491,909 shares of the company’s stock valued at $541,493,000 after purchasing an additional 137,749 shares during the last quarter. Principal Financial Group Inc. raised its stake in Vail Resorts by 51.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,563,580 shares of the company’s stock valued at $339,766,000 after purchasing an additional 530,235 shares during the last quarter. William Blair Investment Management LLC raised its stake in Vail Resorts by 1.7% in the 1st quarter. William Blair Investment Management LLC now owns 990,320 shares of the company’s stock valued at $215,197,000 after purchasing an additional 16,322 shares during the last quarter. Wells Fargo & Company MN raised its stake in Vail Resorts by 26.9% in the 1st quarter. Wells Fargo & Company MN now owns 875,639 shares of the company’s stock valued at $190,276,000 after purchasing an additional 185,758 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in Vail Resorts by 10.5% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 502,152 shares of the company’s stock valued at $109,118,000 after purchasing an additional 47,753 shares during the last quarter. 97.74% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Vail Resorts (NYSE:MTN)

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