Vail Resorts (NYSE:MTN) had its price objective trimmed by KeyCorp from $225.00 to $200.00 in a report published on Monday, The Fly reports. The firm currently has an overweight rating on the stock.
Several other research firms also recently commented on MTN. Berenberg Bank restated a buy rating and issued a $278.00 price target on shares of Vail Resorts in a research note on Wednesday, March 18th. SunTrust Banks decreased their price target on shares of Vail Resorts from $270.00 to $247.00 and set a buy rating on the stock in a research note on Tuesday, March 10th. William Blair restated a buy rating on shares of Vail Resorts in a research note on Friday, December 6th. Wells Fargo & Co decreased their price target on shares of Vail Resorts from $220.00 to $190.00 and set an equal weight rating on the stock in a research note on Wednesday, March 11th. Finally, Cfra decreased their price target on shares of Vail Resorts from $250.00 to $190.00 and set a hold rating on the stock in a research note on Tuesday, March 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $229.55.
MTN stock opened at $150.80 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.33 and a current ratio of 0.45. The company’s 50-day simple moving average is $203.85 and its 200 day simple moving average is $230.07. Vail Resorts has a 52 week low of $125.00 and a 52 week high of $255.37. The company has a market capitalization of $5.99 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.88 and a beta of 0.79.
Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, March 9th. The company reported $5.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.44 by ($0.40). Vail Resorts had a net margin of 12.63% and a return on equity of 18.87%. The business had revenue of $924.60 million during the quarter, compared to analyst estimates of $921.06 million. During the same quarter last year, the company posted $5.02 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. On average, analysts forecast that Vail Resorts will post 5.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 26th will be given a dividend of $1.76 per share. The ex-dividend date is Wednesday, March 25th. This represents a $7.04 annualized dividend and a yield of 4.67%. Vail Resorts’s dividend payout ratio is 93.25%.
A number of institutional investors and hedge funds have recently bought and sold shares of MTN. Orion Portfolio Solutions LLC bought a new stake in Vail Resorts during the fourth quarter worth about $25,000. Pinnacle Financial Partners Inc. bought a new position in shares of Vail Resorts in the fourth quarter worth about $30,000. Solstein Capital LLC bought a new position in shares of Vail Resorts in the fourth quarter worth about $34,000. Allred Capital Management LLC bought a new position in shares of Vail Resorts in the fourth quarter worth about $39,000. Finally, Quantbot Technologies LP bought a new position in shares of Vail Resorts in the fourth quarter worth about $39,000. 98.82% of the stock is owned by institutional investors and hedge funds.
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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