Vail Resorts (NYSE:MTN) Stock Picked Up by Analysts at LADENBURG THALM/SH SH

Key Points

• LADENBURG THALM/SH SH initiated coverage of Vail Resorts with a “buy” rating and a $192 price target, implying approximately 30.5% upside from the reported share price.
• Analyst sentiment remains mixed: five analysts rate the stock a Buy, seven a Hold, and three a Sell, producing a consensus “Hold” rating and $150 target price.
• Vail Resorts exceeded quarterly expectations, reporting $278.1 million in revenue and a loss of $5.34 per share, while institutional investors own approximately 94.9% of the company’s stock.

Analysts at LADENBURG THALM/SH SH initiated coverage on shares of Vail Resorts (NYSE:MTN - Get Free Report) in a research note issued on Tuesday, Briefing.com reports. The firm set a "buy" rating and a $192.00 price target on the stock. LADENBURG THALM/SH SH's price objective suggests a potential upside of 30.53% from the stock's current price.

Several other brokerages also recently issued reports on MTN. Morgan Stanley lowered their price objective on shares of Vail Resorts from $147.00 to $142.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 30th. Mizuho reduced their price target on shares of Vail Resorts from $160.00 to $156.00 and set an "outperform" rating for the company in a report on Tuesday, September 29th. Zacks Research upgraded shares of Vail Resorts from a "strong sell" rating to a "hold" rating in a research report on Monday, August 3rd. Barclays decreased their price target 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. Finally, Jefferies Financial Group restated a "buy" rating and set a $162.00 price objective on shares of Vail Resorts in a report on Tuesday, September 29th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Vail Resorts has a consensus rating of "Hold" and a consensus target price of $150.00.

Vail Resorts Stock Performance

MTN opened at $147.09 on Tuesday. The firm has a market capitalization of $5.24 billion, a P/E ratio of 35.53, a price-to-earnings-growth ratio of 10.48 and a beta of 0.76. The stock's 50 day moving average price is $142.48 and its two-hundred day moving average price is $137.50. The company has a quick ratio of 0.68, a current ratio of 0.80 and a debt-to-equity ratio of 5.57. Vail Resorts has a 12-month low of $118.51 and a 12-month high of $163.34.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Monday, September 28th. The company reported ($5.34) EPS for the quarter, topping the consensus estimate of ($5.35) by $0.01. Vail Resorts had a return on equity of 22.82% and a net margin of 5.20%. The company had revenue of $278.07 million for the quarter, compared to the consensus estimate of $269.30 million. During the same period in the previous year, the business posted ($5.08) EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Vail Resorts will post 5.64 earnings per share for the current year.

Institutional Investors Weigh In On Vail Resorts

A number of institutional investors have recently bought and sold shares of the business. Bamco Inc. NY acquired a new position in Vail Resorts in the second quarter valued at about $889,971,000. BlackRock Inc. bought a new stake in Vail Resorts during the second quarter worth about $464,712,000. The Manufacturers Life Insurance Company bought a new stake in Vail Resorts during the second quarter worth about $131,418,000. Corient Private Wealth LP bought a new stake in Vail Resorts during the second quarter worth about $55,443,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Vail Resorts during the second quarter worth approximately $49,749,000. Institutional investors and hedge funds own 94.90% of the company's stock.

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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