Vail Resorts, Inc. (NYSE:MTN) Receives $271.33 Average PT from Brokerages

Vail Resorts, Inc. (NYSE:MTN) has been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $271.33.

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Vail Resorts from $272.00 to $276.00 and gave the company an “equal weight” rating in a research note on Friday, September 29th. Stifel Nicolaus upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and set a $268.00 price objective for the company in a report on Tuesday, September 5th. Truist Financial raised shares of Vail Resorts from a “hold” rating to a “buy” rating and lifted their target price for the company from $263.00 to $290.00 in a research note on Thursday, September 7th. They noted that the move was a valuation call. StockNews.com initiated coverage on shares of Vail Resorts in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, TheStreet downgraded Vail Resorts from a “b-” rating to a “c+” rating in a report on Monday, October 9th.

Institutional Trading of Vail Resorts

Several institutional investors have recently bought and sold shares of MTN. Connectus Wealth LLC grew its holdings in shares of Vail Resorts by 2.1% during the first quarter. Connectus Wealth LLC now owns 10,584 shares of the company’s stock valued at $25,000 after buying an additional 214 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Vail Resorts during the 2nd quarter valued at $25,000. Pittenger & Anderson Inc. increased its holdings in shares of Vail Resorts by 125.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 117 shares of the company’s stock worth $26,000 after purchasing an additional 65 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new position in shares of Vail Resorts in the second quarter worth $37,000. Finally, Natixis bought a new position in shares of Vail Resorts during the fourth quarter valued at $52,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Trading Up 1.3 %

Shares of MTN opened at $225.44 on Friday. The firm has a fifty day simple moving average of $225.08 and a two-hundred day simple moving average of $234.54. Vail Resorts has a twelve month low of $204.88 and a twelve month high of $269.50. The stock has a market capitalization of $8.60 billion, a P/E ratio of 34.21, a PEG ratio of 1.76 and a beta of 1.18. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 2.06.

Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, September 28th. The company reported ($3.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.28) by ($0.07). The business had revenue of $269.77 million during the quarter, compared to the consensus estimate of $282.26 million. Vail Resorts had a return on equity of 17.12% and a net margin of 9.28%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($2.70) earnings per share. On average, research analysts anticipate that Vail Resorts will post 9.08 EPS for the current year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 26th. Shareholders of record on Tuesday, October 10th were issued a $2.06 dividend. This represents a $8.24 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Friday, October 6th. Vail Resorts’s dividend payout ratio (DPR) is 125.04%.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.