Vail Resorts, Inc. (NYSE:MTN) Receives $247.26 Average Target Price from Brokerages

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Vail Resorts, Inc. (NYSE:MTN) has been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $246.16.

A number of analysts recently weighed in on MTN shares. Barclays upped their price target on shares of Vail Resorts from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Bank of America upped their price target on shares of Vail Resorts from $240.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. ValuEngine raised shares of Vail Resorts from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. KeyCorp upped their price target on shares of Vail Resorts from $255.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, Jefferies Financial Group set a $263.00 price target on shares of Vail Resorts and gave the stock a “hold” rating in a research report on Friday, September 27th.

Vail Resorts stock traded up $2.13 during trading on Friday, reaching $232.96. 40,880 shares of the company’s stock were exchanged, compared to its average volume of 233,653. The company’s 50-day moving average is $237.68 and its two-hundred day moving average is $233.42. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.60 and a current ratio of 0.73. Vail Resorts has a 52-week low of $179.60 and a 52-week high of $249.67. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 1.96 and a beta of 0.71.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, December 9th. The company reported ($2.64) earnings per share for the quarter, topping analysts’ consensus estimates of ($3.00) by $0.36. Vail Resorts had a net margin of 13.26% and a return on equity of 18.13%. The firm had revenue of $267.80 million during the quarter, compared to analysts’ expectations of $251.65 million. During the same period in the prior year, the company earned ($2.66) EPS. The firm’s revenue was up 21.7% on a year-over-year basis. Analysts anticipate that Vail Resorts will post 7.94 EPS for the current year.

In other Vail Resorts news, CAO Ryan H. Siurek sold 898 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $235.83, for a total value of $211,775.34. Following the transaction, the chief accounting officer now owns 1,069 shares in the company, valued at approximately $252,102.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Z. Barkin sold 1,394 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $230.88, for a total transaction of $321,846.72. Following the completion of the transaction, the chief financial officer now owns 14,980 shares in the company, valued at approximately $3,458,582.40. The disclosure for this sale can be found here. Insiders sold a total of 13,641 shares of company stock worth $3,120,591 in the last quarter. 2.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Vail Resorts by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,705,790 shares of the company’s stock worth $827,059,000 after buying an additional 30,706 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Vail Resorts by 24.7% in the 2nd quarter. Wells Fargo & Company MN now owns 1,091,519 shares of the company’s stock worth $243,606,000 after buying an additional 215,880 shares in the last quarter. State Street Corp lifted its holdings in Vail Resorts by 9.0% in the 3rd quarter. State Street Corp now owns 949,936 shares of the company’s stock worth $216,167,000 after buying an additional 78,042 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Vail Resorts by 10.7% in the 2nd quarter. Victory Capital Management Inc. now owns 388,553 shares of the company’s stock valued at $86,717,000 after purchasing an additional 37,610 shares in the last quarter. Finally, Putnam Investments LLC raised its stake in shares of Vail Resorts by 0.7% in the 2nd quarter. Putnam Investments LLC now owns 340,015 shares of the company’s stock valued at $75,885,000 after purchasing an additional 2,401 shares in the last quarter. Hedge funds and other institutional investors own 95.64% 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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Analyst Recommendations for Vail Resorts (NYSE:MTN)

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