Vail Resorts (NYSE:MTN) Stock Rating Upgraded by ValuEngine

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Vail Resorts (NYSE:MTN) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, ValuEngine reports.

A number of other brokerages have also recently weighed in on MTN. Wells Fargo & Co started coverage on shares of Vail Resorts in a report on Monday, July 15th. They set a “market perform” rating and a $230.00 target price on the stock. Deutsche Bank set a $261.00 price target on shares of Vail Resorts and gave the stock a “buy” rating in a research report on Friday, June 7th. William Blair restated an “outperform” rating on shares of Vail Resorts in a research report on Friday, June 7th. SunTrust Banks upped their price target on shares of Vail Resorts to $247.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Finally, Stifel Nicolaus upped their price target on shares of Vail Resorts from $219.00 to $230.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $237.18.

Shares of NYSE:MTN opened at $238.02 on Wednesday. The stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of 37.84, a price-to-earnings-growth ratio of 2.02 and a beta of 0.67. Vail Resorts has a 1-year low of $179.60 and a 1-year high of $302.76. The company’s fifty day moving average is $235.97 and its two-hundred day moving average is $221.96. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 0.76.

Vail Resorts (NYSE:MTN) last issued its 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 analysts’ expectations of $958.39 million. Vail Resorts had a net margin of 13.71% and a return on equity of 18.25%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $6.17 earnings per share. Sell-side analysts expect that Vail Resorts will post 6.99 EPS for the current fiscal year.

In other Vail Resorts news, 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 value of $15,056,570.35. Following the completion of the sale, the chairman now directly owns 425,729 shares of the company’s stock, valued at approximately $98,747,841.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the insider now directly owns 33,729 shares of the company’s stock, valued at $7,944,191.37. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in shares of Vail Resorts by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 394,837 shares of the company’s stock valued at $83,184,000 after purchasing an additional 24,849 shares during the period. BB&T Corp lifted its stake in shares of Vail Resorts by 96.9% in the first quarter. BB&T Corp now owns 2,119 shares of the company’s stock valued at $460,000 after purchasing an additional 1,043 shares during the period. Brinker Capital Inc. lifted its stake in shares of Vail Resorts by 103.4% in the first quarter. Brinker Capital Inc. now owns 4,933 shares of the company’s stock valued at $1,072,000 after purchasing an additional 2,508 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Vail Resorts in the first quarter valued at about $266,000. Finally, Ardevora Asset Management LLP lifted its stake in shares of Vail Resorts by 8.5% in the first quarter. Ardevora Asset Management LLP now owns 174,268 shares of the company’s stock valued at $37,868,000 after purchasing an additional 13,600 shares during the period. 95.98% of the stock is owned by institutional investors.

About Vail Resorts

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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Analyst Recommendations for Vail Resorts (NYSE:MTN)

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