Bank of America Raises Vail Resorts (NYSE:MTN) Price Target to $375.00

Vail Resorts (NYSE:MTN) had its price objective boosted by Bank of America from $365.00 to $375.00 in a report released on Tuesday, The Fly reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Vail Resorts from a hold rating to a strong-buy rating and set a $373.00 price objective on the stock in a report on Thursday, April 29th. Deutsche Bank Aktiengesellschaft lifted their price target on Vail Resorts from $294.00 to $298.00 and gave the company a hold rating in a research note on Tuesday. Truist Securities upped their price objective on Vail Resorts from $292.00 to $308.00 in a research report on Monday, April 26th. Finally, Truist lifted their target price on Vail Resorts from $292.00 to $308.00 in a research report on Monday, April 26th. Ten investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Vail Resorts has a consensus rating of Hold and a consensus target price of $314.42.

NYSE:MTN opened at $319.25 on Tuesday. Vail Resorts has a 1 year low of $172.88 and a 1 year high of $338.50. The firm has a 50-day simple moving average of $318.11. The firm has a market capitalization of $12.85 billion, a PE ratio of -1,140.18 and a beta of 1.30. The company has a current ratio of 1.60, a quick ratio of 1.51 and a debt-to-equity ratio of 1.64.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Sunday, June 6th. The company reported $6.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $6.67 by $0.05. Vail Resorts had a return on equity of 8.00% and a net margin of 6.45%. As a group, equities analysts expect that Vail Resorts will post 3.49 earnings per share for the current year.

In related news, CFO Michael Z. Barkin sold 3,297 shares of the business’s stock in a transaction on Thursday, March 25th. The shares were sold at an average price of $279.32, for a total transaction of $920,918.04. Following the transaction, the chief financial officer now directly owns 20,416 shares in the company, valued at $5,702,597.12. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.10% of the company’s stock.

Large investors have recently modified their holdings of the stock. Handelsinvest Investeringsforvaltning increased its position in Vail Resorts by 42.9% during the first quarter. Handelsinvest Investeringsforvaltning now owns 20,000 shares of the company’s stock worth $5,833,000 after buying an additional 6,000 shares during the last quarter. Aperio Group LLC raised its stake in Vail Resorts by 14.4% in the 4th quarter. Aperio Group LLC now owns 11,677 shares of the company’s stock valued at $3,257,000 after acquiring an additional 1,466 shares during the period. Tudor Investment Corp Et Al acquired a new stake in Vail Resorts during the 4th quarter valued at $712,000. DekaBank Deutsche Girozentrale lifted its holdings in Vail Resorts by 4.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,687 shares of the company’s stock valued at $5,155,000 after purchasing an additional 717 shares during the last quarter. Finally, Eaton Vance Management boosted its position in Vail Resorts by 9.9% during the fourth quarter. Eaton Vance Management now owns 33,887 shares of the company’s stock worth $9,453,000 after purchasing an additional 3,059 shares during the period. Institutional investors and hedge funds own 95.08% 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. Its Mountain segment operates Vail Mountain, Breckenridge Ski, Keystone, Beaver Creek, and Crested Butte Mountain resorts in Colorado; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Mount Sunapee Resort in New Hampshire; Park City resort in Utah; Stowe and Okemo Mountain Resort in Vermont; and Stevens Pass Mountain Resort in Washington.

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