Stifel Nicolaus Increases Vail Resorts (NYSE:MTN) Price Target to $217.00

Vail Resorts (NYSE:MTN) had its price objective hoisted by investment analysts at Stifel Nicolaus from $216.00 to $217.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 10.57% from the company’s current price.

A number of other research analysts also recently weighed in on MTN. StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Monday, December 2nd. Macquarie reaffirmed a “neutral” rating and set a $180.00 price target on shares of Vail Resorts in a research report on Wednesday, October 2nd. Mizuho raised their target price on shares of Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Morgan Stanley lifted their price objective on shares of Vail Resorts from $182.00 to $197.00 and gave the company an “equal weight” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Vail Resorts has a consensus rating of “Hold” and a consensus price target of $208.30.

Vail Resorts Stock Up 2.9 %

Shares of NYSE MTN traded up $5.58 during mid-day trading on Tuesday, reaching $196.25. 336,899 shares of the company’s stock were exchanged, compared to its average volume of 528,725. Vail Resorts has a twelve month low of $165.00 and a twelve month high of $236.92. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 1.97 and a beta of 1.14. The business has a fifty day simple moving average of $175.83 and a 200 day simple moving average of $178.64.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating the consensus estimate of ($4.99) by $0.38. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. The business had revenue of $260.28 million for the quarter, compared to analysts’ expectations of $251.45 million. During the same period in the previous year, the firm posted ($4.60) EPS. The firm’s revenue was up .7% compared to the same quarter last year. As a group, equities analysts expect that Vail Resorts will post 7.23 EPS for the current fiscal year.

Insider Buying and Selling at Vail Resorts

In other news, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the transaction, the insider now directly owns 245,961 shares in the company, valued at $43,284,216.78. This trade represents a 3.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John F. Sorte sold 1,670 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total transaction of $289,026.90. Following the sale, the director now directly owns 45,111 shares of the company’s stock, valued at $7,807,360.77. This represents a 3.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Vail Resorts

Several large investors have recently modified their holdings of MTN. The Manufacturers Life Insurance Company lifted its position in shares of Vail Resorts by 673.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock valued at $114,481,000 after acquiring an additional 553,337 shares during the period. First Pacific Advisors LP acquired a new stake in shares of Vail Resorts in the 2nd quarter valued at about $62,466,000. River Road Asset Management LLC increased its position in Vail Resorts by 606.6% in the 3rd quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock valued at $59,487,000 after buying an additional 293,006 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Vail Resorts during the 3rd quarter worth approximately $35,264,000. Finally, FMR LLC boosted its holdings in Vail Resorts by 1,080.8% in the third quarter. FMR LLC now owns 207,809 shares of the company’s stock worth $36,219,000 after acquiring an additional 190,210 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

About Vail Resorts

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.