Vail Resorts (NYSE:MTN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “Shares of Vail Resorts have outperformed the industry over the past year and may continue to do so after the company reported better-than expected results in the first quarter of 2019. Total revenues in the quarter grew 15.7% year over year on the back of increased season pass sales. Total revenues were favored by growth in each segment. Also, Vail Resorts’ season pass and large ski offerings have driven incremental growth. A full-proof business model and various guest-centric offerings position the company on a growth trajectory. Further, increased focus on mergers and acquisitions, along with effective marketing techniques, bode well. However, increased expenses from operations, acquisitions and pertinent weather-related woes continue to hurt the company’s profitability. Moreover, intense competition from various modes of entertainment provider is a concern.”
Other equities analysts have also recently issued research reports about the company. KeyCorp set a $210.00 price objective on Vail Resorts and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Deutsche Bank cut their price objective on Vail Resorts from $294.00 to $267.00 and set a “buy” rating for the company in a research report on Monday, January 14th. Stifel Nicolaus boosted their price objective on Vail Resorts from $215.00 to $219.00 and gave the stock a “hold” rating in a research report on Monday. ValuEngine cut Vail Resorts from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating in a research report on Friday, January 11th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Vail Resorts has a consensus rating of “Buy” and an average target price of $273.13.
Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Friday, March 8th. The company reported $5.02 earnings per share for the quarter, topping the consensus estimate of $4.79 by $0.23. Vail Resorts had a return on equity of 15.93% and a net margin of 12.76%. The business had revenue of $849.60 million during the quarter, compared to analysts’ expectations of $841.76 million. During the same quarter in the previous year, the firm earned $4.12 EPS. The firm’s revenue was up 15.7% compared to the same quarter last year. As a group, analysts expect that Vail Resorts will post 7.12 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in Vail Resorts by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 394,837 shares of the company’s stock valued at $83,184,000 after acquiring an additional 24,849 shares during the period. Norges Bank bought a new position in Vail Resorts during the fourth quarter valued at about $72,303,000. Princeton Global Asset Management LLC bought a new position in Vail Resorts during the fourth quarter valued at about $818,000. Coldstream Capital Management Inc. increased its stake in Vail Resorts by 8.2% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,507 shares of the company’s stock valued at $740,000 after acquiring an additional 266 shares during the period. Finally, Nordea Investment Management AB increased its stake in Vail Resorts by 348.3% during the fourth quarter. Nordea Investment Management AB now owns 37,372 shares of the company’s stock valued at $7,880,000 after acquiring an additional 29,035 shares during the period. Hedge funds and other institutional investors own 98.24% of the company’s stock.
Vail Resorts Company Profile
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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