Vail Resorts, Inc. (NYSE:MTN) Stock Has Average Price Target of $150.00

Key Points

• Analysts have a consensus “Hold” rating on Vail Resorts, with three sell, nine hold and five buy recommendations. The average 12-month price target is $150, modestly above the reported share price of $146.84.
• Vail Resorts reported quarterly revenue of $278.07 million, ahead of the $269.30 million consensus estimate, while adjusted earnings per share of -$5.34 narrowly beat expectations. Revenue increased 2.5% year over year.
• The company declared a quarterly dividend of $2.22 per share, equivalent to an annualized $8.88 payout and a 6.0% yield; institutional investors own 94.9% of the stock.

Shares of Vail Resorts, Inc. (NYSE:MTN - Get Free Report) have earned an average rating of "Hold" from the seventeen analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $150.00.

MTN has been the subject of several recent research reports. Barclays lowered their target price on Vail Resorts from $119.00 to $117.00 and set an "underweight" rating for the company in a report on Tuesday, September 29th. Jefferies Financial Group reiterated a "buy" rating and set a $162.00 price target on shares of Vail Resorts in a research report on Tuesday, September 29th. Mizuho cut their price target on Vail Resorts from $160.00 to $156.00 and set an "outperform" rating on the stock in a report on Tuesday, September 29th. Citigroup initiated coverage on Vail Resorts in a research report on Thursday, October 15th. They set a "market perform" rating for the company. Finally, Weiss Ratings lowered Vail Resorts from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, September 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MTN. Jeppson Wealth Management LLC grew its position in Vail Resorts by 1.8% in the third quarter. Jeppson Wealth Management LLC now owns 4,182 shares of the company's stock worth $574,000 after buying an additional 74 shares during the last quarter. State of Michigan Retirement System increased its holdings 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 buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Vail Resorts by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the company's stock valued at $360,000 after buying an additional 141 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Vail Resorts by 2.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 7,314 shares of the company's stock valued at $939,000 after buying an additional 145 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in shares of Vail Resorts by 6.5% during the 1st quarter. Sanctuary Advisors LLC now owns 2,452 shares of the company's stock valued at $315,000 after acquiring an additional 150 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Vail Resorts Stock Performance

Shares of Vail Resorts stock opened at $146.84 on Thursday. The firm has a market cap of $5.23 billion, a PE ratio of 35.47, a price-to-earnings-growth ratio of 11.13 and a beta of 0.76. The firm's 50-day simple moving average is $142.83 and its 200-day simple moving average is $138.60. The company has a debt-to-equity ratio of 5.57, a quick ratio of 0.68 and a current ratio of 0.80. Vail Resorts has a 1 year low of $118.51 and a 1 year 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) earnings per share for the quarter, beating analysts' consensus estimates of ($5.35) by $0.01. Vail Resorts had a return on equity of 22.82% and a net margin of 5.20%. The business had revenue of $278.07 million during the quarter, compared to the consensus estimate of $269.30 million. During the same period in the previous year, the business earned ($5.08) EPS. The business's quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts forecast that Vail Resorts will post 5.51 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 27th. Shareholders of record on Thursday, October 8th will be given a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Thursday, October 8th. Vail Resorts's payout ratio is 214.49%.

Vail Resorts Company Profile

Vail Resorts, Inc is a mountain resort company that operates ski and summer resorts, lodging properties, restaurants, retail locations and ski and snowboard schools. Its business serves vacationers, season-pass holders and day visitors through a combination of resort operations, hospitality and recreational services.

The company's portfolio includes well-known North American destinations such as Vail, Beaver Creek, Breckenridge, Keystone, Park City, Whistler Blackcomb, Stowe and Heavenly.

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