Vail Resorts, Inc. (NYSE:MTN) Receives $151.45 Consensus Target Price from Analysts

Shares of Vail Resorts, Inc. (NYSE:MTN) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $151.4545.

MTN has been the subject of a number of research reports. UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a research report on Tuesday, June 9th. Truist Financial lowered their price objective on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a research report on Tuesday, June 9th. Mizuho set a $174.00 target price on Vail Resorts in a research note on Tuesday, June 9th. JPMorgan Chase & Co. raised their target price on Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. Finally, Zacks Research cut Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTN. BOKF NA grew its position in Vail Resorts by 833.3% in the third quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after purchasing an additional 155 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. Danske Bank A S bought a new stake in shares of Vail Resorts in the 3rd quarter worth about $30,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Vail Resorts by 1,585.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after purchasing an additional 222 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

Vail Resorts Price Performance

Shares of Vail Resorts stock opened at $148.17 on Tuesday. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79. The company has a market cap of $5.28 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 13.88 and a beta of 0.71. The firm has a fifty day moving average price of $135.85 and a two-hundred day moving average price of $134.60. Vail Resorts has a fifty-two week low of $118.51 and a fifty-two week high of $166.16.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business posted $10.54 EPS. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. Analysts expect that Vail Resorts will post 4.31 EPS for the current year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were given a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Thursday, June 25th. Vail Resorts’s payout ratio is 201.82%.

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.