Vail Resorts (NYSE:MTN) Price Target Raised to $172.00

Key Points

• Stifel Nicolaus raised Vail Resorts’ price target to $172 from $157 and maintained a “buy” rating, implying 18.1% upside from the stock’s $145.64 opening price.
• Analyst sentiment remains mixed: Vail Resorts has an average “hold” rating and a consensus price target of $146.50, with four buy, seven hold, and three sell ratings.
• The company slightly beat quarterly expectations, reporting adjusted EPS of $(5.34) versus $(5.35) expected and revenue of $278.07 million versus $269.30 million; revenue increased 2.5% year over year.

Vail Resorts (NYSE:MTN - Get Free Report) had its price objective raised by analysts at Stifel Nicolaus from $157.00 to $172.00 in a research report issued on Monday, Benzinga reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' target price points to a potential upside of 18.10% from the company's current price.

Several other research firms have also issued reports on MTN. Morgan Stanley lowered their price target on shares of Vail Resorts from $147.00 to $142.00 and set an "equal weight" rating for the company in a report on Wednesday, September 30th. Weiss Ratings downgraded shares of Vail Resorts from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, September 14th. JPMorgan Chase & Co. upped their price objective on shares of Vail Resorts from $126.00 to $150.00 and gave the company a "neutral" rating in a report on Tuesday, September 29th. Jefferies Financial Group reiterated a "buy" rating and set a $162.00 price objective on shares of Vail Resorts in a report on Tuesday, September 29th. Finally, Barclays cut their price objective on shares of Vail Resorts from $119.00 to $117.00 and set an "underweight" rating on the stock in a research report on Tuesday, September 29th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $146.50.

Vail Resorts Trading Down 0.3%

MTN opened at $145.64 on Monday. The company has a debt-to-equity ratio of 5.57, a current ratio of 0.80 and a quick ratio of 0.68. Vail Resorts has a fifty-two week low of $118.51 and a fifty-two week high of $163.34. The company's 50 day moving average price is $142.52 and its two-hundred day moving average price is $137.38. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 35.18, a PEG ratio of 10.48 and a beta of 0.76.

Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings results on Monday, September 28th. The company reported ($5.34) earnings per share (EPS) for the quarter, beating the consensus estimate of ($5.35) by $0.01. The firm had revenue of $278.07 million during the quarter, compared to the consensus estimate of $269.30 million. Vail Resorts had a net margin of 5.20% and a return on equity of 22.82%. The company's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned ($5.08) earnings per share. As a group, research analysts predict that Vail Resorts will post 5.64 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. State of Michigan Retirement System boosted its position in shares of Vail Resorts by 1.2% in the first quarter. State of Michigan Retirement System now owns 8,600 shares of the company's stock valued at $1,104,000 after acquiring an additional 100 shares during the period. PNC Financial Services Group Inc. grew its stake in Vail Resorts by 5.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the company's stock valued at $360,000 after acquiring an additional 141 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Vail Resorts by 2.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 7,314 shares of the company's stock worth $939,000 after acquiring an additional 145 shares during the period. Sanctuary Advisors LLC increased its holdings in Vail Resorts by 6.5% during the 1st quarter. Sanctuary Advisors LLC now owns 2,452 shares of the company's stock worth $315,000 after acquiring an additional 150 shares during the period. Finally, Leonteq Securities AG lifted its stake in Vail Resorts by 52.5% in the 1st quarter. Leonteq Securities AG now owns 540 shares of the company's stock worth $69,000 after purchasing an additional 186 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Vail Resorts Company Profile

Vail Resorts, Inc is a mountain resort operator that owns and manages destination ski and summer resorts, regional ski areas, hotels and other hospitality businesses. Its operations are designed to serve visitors throughout the year, with activities including skiing, snowboarding, hiking, mountain biking, lodging, dining, retail and other resort experiences.

The company's portfolio includes well-known resorts such as Vail, Beaver Creek, Breckenridge, Keystone, Park City, Whistler Blackcomb and Stowe in North America, as well as Perisher, Falls Creek and Hotham in Australia.

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