Vail Resorts (NYSE:MTN) Raised to B- at TheStreet

TheStreet upgraded shares of Vail Resorts (NYSE:MTN) from a c+ rating to a b- rating in a research report report published on Thursday morning, TheStreetRatingsTable reports.

MTN has been the subject of a number of other research reports. Truist boosted their price objective on Vail Resorts from $308.00 to $322.00 and gave the company a hold rating in a report on Friday. Zacks Investment Research upgraded Vail Resorts from a sell rating to a hold rating and set a $329.00 price objective for the company in a report on Wednesday. Truist Securities upped their target price on Vail Resorts from $308.00 to $322.00 and gave the stock a hold rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their target price on Vail Resorts from $298.00 to $301.00 and gave the stock a hold rating in a report on Tuesday, September 21st. Finally, Bank of America upped their target price on Vail Resorts from $365.00 to $375.00 and gave the stock a buy rating in a report on Tuesday, June 8th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $313.92.

MTN opened at $351.85 on Thursday. The business has a fifty day moving average of $303.30 and a 200 day moving average of $311.18. Vail Resorts has a 52-week low of $208.72 and a 52-week high of $352.38. The company has a quick ratio of 2.25, a current ratio of 2.35 and a debt-to-equity ratio of 1.35. The stock has a market cap of $14.17 billion, a P/E ratio of 130.31 and a beta of 1.31.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Wednesday, September 22nd. The company reported ($3.49) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($3.53) by $0.04. Vail Resorts had a return on equity of 7.40% and a net margin of 6.45%. The company had revenue of $204.20 million during the quarter, compared to analysts’ expectations of $177.24 million. During the same quarter in the previous year, the business earned ($3.82) EPS. Vail Resorts’s revenue was up 164.5% compared to the same quarter last year. Equities analysts anticipate that Vail Resorts will post 3.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 22nd. Investors of record on Tuesday, October 5th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Monday, October 4th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd purchased a new stake in shares of Vail Resorts during the 1st quarter worth $28,000. Lumature Wealth Partners LLC purchased a new stake in shares of Vail Resorts during the 1st quarter worth $29,000. Eubel Brady & Suttman Asset Management Inc. purchased a new stake in shares of Vail Resorts during the 2nd quarter worth $29,000. Lazard Asset Management LLC purchased a new stake in shares of Vail Resorts during the 1st quarter worth $34,000. Finally, Baldrige Asset Management LLC purchased a new stake in shares of Vail Resorts during the 2nd quarter worth $44,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Vail Resorts Company Profile

Vail Resorts, Inc is a holding company, which engages in the operation of mountain resorts. It operates through the following segments: Mountain, Lodging, and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas, and related activities. The Lodging segment includes ownership of hotels, condominium management, Colorado resort ground transportation company, and mountain resort golf courses.

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Analyst Recommendations for Vail Resorts (NYSE:MTN)

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