Vail Resorts (NYSE:MTN) Price Target Raised to $247.00

Vail Resorts (NYSE:MTN) had its price target hoisted by SunTrust Banks to $247.00 in a research note issued to investors on Friday, June 7th, The Fly reports. The brokerage currently has a buy rating on the stock. SunTrust Banks also issued estimates for Vail Resorts’ FY2019 earnings at $7.21 EPS, Q2 2020 earnings at $5.29 EPS, Q3 2020 earnings at $7.85 EPS, FY2020 earnings at $8.16 EPS, Q2 2021 earnings at $5.61 EPS, Q3 2021 earnings at $8.29 EPS and FY2021 earnings at $8.80 EPS.

Several other analysts also recently issued reports on the company. Zacks Investment Research raised Vail Resorts from a hold rating to a buy rating and set a $253.00 price target on the stock in a report on Friday, May 10th. Macquarie cut Vail Resorts from an outperform rating to a neutral rating and set a $221.62 target price on the stock. in a report on Thursday, April 4th. KeyCorp lifted their price objective on Vail Resorts from $240.00 to $250.00 and gave the company an overweight rating in a research report on Monday, April 1st. Stifel Nicolaus boosted their price target on Vail Resorts from $215.00 to $219.00 and gave the stock a hold rating in a research report on Monday, March 11th. Finally, Deutsche Bank reiterated a buy rating and issued a $267.00 price objective on shares of Vail Resorts in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $238.08.

Shares of NYSE:MTN traded down $0.52 on Friday, hitting $222.66. The company had a trading volume of 422,661 shares, compared to its average volume of 425,572. Vail Resorts has a 52-week low of $179.60 and a 52-week high of $302.76. The business has a 50 day moving average of $224.18. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 0.76. The firm has a market capitalization of $8.97 billion, a P/E ratio of 35.40, a PEG ratio of 2.13 and a beta of 0.67.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, June 6th. The company reported $7.12 earnings per share 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 firm had revenue of $958.00 million during the quarter, compared to analyst estimates of $958.39 million. During the same quarter last year, the firm earned $6.17 EPS. Vail Resorts’s quarterly revenue was up 13.4% on a year-over-year basis. On average, research analysts predict that Vail Resorts will post 6.99 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 26th will be given a dividend of $1.76 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $7.04 annualized dividend and a yield of 3.16%. Vail Resorts’s dividend payout ratio (DPR) is presently 111.92%.

In other 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 transaction of $15,056,570.35. Following the completion of the sale, the chairman now directly owns 425,729 shares of the company’s stock, valued at $98,747,841.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Patricia A. Campbell sold 6,431 shares of the stock in a transaction on Monday, June 10th. The stock was 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 in the company, valued at approximately $7,944,191.37. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Pinnacle Financial Partners Inc. purchased a new stake in shares of Vail Resorts in the 1st quarter worth about $28,000. Westside Investment Management Inc. lifted its position in Vail Resorts by 700.0% during the 4th quarter. Westside Investment Management Inc. now owns 200 shares of the company’s stock valued at $42,000 after acquiring an additional 175 shares during the period. Oakworth Capital Inc. lifted its position in Vail Resorts by 100.0% during the 4th quarter. Oakworth Capital Inc. now owns 200 shares of the company’s stock valued at $42,000 after acquiring an additional 100 shares during the period. Private Ocean LLC purchased a new position in Vail Resorts during the 1st quarter valued at about $43,000. Finally, Quadrant Capital Group LLC purchased a new position in Vail Resorts during the 1st quarter valued at about $46,000. 97.74% of the stock is owned by institutional investors and hedge funds.

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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