Vail Resorts, Inc. (MTN) Receives Average Rating of “Buy” from Analysts
Shares of Vail Resorts, Inc. (NYSE:MTN) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $247.75.
A number of research analysts have recently issued reports on MTN shares. KeyCorp set a $210.00 price target on Vail Resorts and gave the company a “buy” rating in a report on Wednesday, January 23rd. Deutsche Bank cut their price target on Vail Resorts from $294.00 to $267.00 and set a “buy” rating on the stock in a report on Monday, January 14th. Zacks Investment Research upgraded Vail Resorts from a “sell” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus lifted their price target on Vail Resorts from $215.00 to $219.00 and gave the company a “hold” rating in a report on Monday. Finally, ValuEngine downgraded Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd.
Several institutional investors have recently bought and sold shares of MTN. First Trust Advisors LP lifted its position in Vail Resorts by 84.2% during the 3rd quarter. First Trust Advisors LP now owns 48,125 shares of the company’s stock worth $13,206,000 after acquiring an additional 21,997 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in Vail Resorts by 253.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,248 shares of the company’s stock worth $1,440,000 after acquiring an additional 3,762 shares during the period. GWM Advisors LLC acquired a new stake in Vail Resorts during the 3rd quarter worth about $206,000. State Board of Administration of Florida Retirement System lifted its position in Vail Resorts by 1.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 54,501 shares of the company’s stock worth $14,956,000 after acquiring an additional 772 shares during the period. Finally, US Bancorp DE lifted its position in Vail Resorts by 751.3% during the 3rd quarter. US Bancorp DE now owns 15,366 shares of the company’s stock worth $4,217,000 after acquiring an additional 13,561 shares during the period. 98.24% of the stock is owned by hedge funds and other institutional investors.
Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Friday, March 8th. The company reported $5.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.79 by $0.23. Vail Resorts had a return on equity of 15.93% and a net margin of 12.76%. The business had revenue of $849.60 million for the quarter, compared to the consensus estimate of $841.76 million. During the same period last year, the business posted $4.12 EPS. The business’s revenue was up 15.7% compared to the same quarter last year. Equities analysts anticipate that Vail Resorts will post 7.12 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Wednesday, March 27th will be given a $1.76 dividend. This is a boost from Vail Resorts’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, March 26th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.28%. Vail Resorts’s dividend payout ratio (DPR) is presently 93.48%.
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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