Shares of Vail Resorts, Inc. (NYSE:MTN) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $237.18.
MTN has been the topic of a number of research analyst reports. Deutsche Bank set a $261.00 price target on shares of Vail Resorts and gave the stock a “buy” rating in a report on Friday, June 7th. Jefferies Financial Group boosted their price target on shares of Constellation Brands from $267.00 to $275.00 and gave the stock a “top pick” rating in a report on Monday, April 22nd. Macquarie raised shares of Liberty Latin America from a “neutral” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Thursday, April 4th. Wells Fargo & Co initiated coverage on shares of Vail Resorts in a report on Monday. They issued a “market perform” rating and a $230.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on shares of Vail Resorts from $219.00 to $230.00 and gave the stock a “hold” rating in a report on Friday, June 7th.
In other Vail Resorts news, insider Patricia A. Campbell sold 6,431 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $235.53, for a total transaction of $1,514,693.43. Following the sale, the insider now directly owns 33,729 shares of the company’s stock, valued at $7,944,191.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Robert A. Katz sold 64,913 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $231.95, for a total transaction of $15,056,570.35. Following the sale, the chairman now directly owns 425,729 shares in the company, valued at $98,747,841.55. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.
Shares of NYSE:MTN traded up $1.47 during midday trading on Wednesday, reaching $228.96. The company had a trading volume of 14,179 shares, compared to its average volume of 341,172. The stock has a 50 day simple moving average of $225.31. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 0.76. The stock has a market capitalization of $9.14 billion, a PE ratio of 36.47, a P/E/G ratio of 2.17 and a beta of 0.67. Vail Resorts has a 52-week low of $179.60 and a 52-week high of $302.76.
Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, June 6th. The company reported $7.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $7.03 by $0.09. The company had revenue of $958.00 million for the quarter, compared to the consensus estimate of $958.39 million. Vail Resorts had a net margin of 13.71% and a return on equity of 18.25%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $6.17 EPS. On average, equities research analysts forecast that Vail Resorts will post 6.99 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 11th. Shareholders of record on Wednesday, June 26th were issued a dividend of $1.76 per share. This represents a $7.04 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Tuesday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is presently 111.92%.
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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