Vail Resorts, Inc. (NYSE:MTN) Receives Average Rating of “Hold” from Brokerages

Shares of Vail Resorts, Inc. (NYSE:MTN) have been assigned an average rating of “Hold” from the thirteen ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $173.7273.

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price objective (down previously from $180.00) on shares of Vail Resorts in a research report on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vail Resorts in a report on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective on Vail Resorts from $168.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Morgan Stanley set a $150.00 price objective on shares of Vail Resorts in a research report on Friday, January 16th. Finally, Barclays lowered their target price on shares of Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 30th.

Vail Resorts Price Performance

MTN stock opened at $137.17 on Tuesday. The firm has a 50 day moving average of $141.78 and a 200-day moving average of $148.87. The firm has a market capitalization of $4.91 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 8.34 and a beta of 0.81. Vail Resorts has a 12 month low of $129.41 and a 12 month high of $178.46. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 5.52.

Vail Resorts (NYSE:MTN) last posted its earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.23) by $0.03. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The business had revenue of $271.03 million for the quarter, compared to analysts’ expectations of $273.35 million. During the same period in the prior year, the company posted ($4.61) EPS. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Tuesday, December 30th were issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Tuesday, December 30th. Vail Resorts’s payout ratio is currently 130.21%.

Institutional Investors Weigh In On Vail Resorts

A number of large investors have recently added to or reduced their stakes in MTN. BOKF NA lifted its stake in Vail Resorts by 833.3% during the third quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after buying an additional 155 shares in the last quarter. NBT Bank N A NY lifted its position in Vail Resorts by 450.0% in the 3rd quarter. NBT Bank N A NY now owns 176 shares of the company’s stock worth $26,000 after buying an additional 144 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Vail Resorts by 196.8% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after buying an additional 124 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Vail Resorts by 676.0% in the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock worth $30,000 after buying an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.