Vail Resorts (NYSE:MTN – Get Rating) had its price target reduced by Truist Financial from $281.00 to $270.00 in a report released on Thursday, The Fly reports.
Several other research analysts have also recently commented on the company. Barclays increased their price target on Vail Resorts from $217.00 to $224.00 and gave the company an underweight rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on Vail Resorts from $286.00 to $283.00 in a research report on Thursday. Stifel Nicolaus cut their price target on Vail Resorts from $273.00 to $228.00 and set a hold rating for the company in a research note on Monday, September 26th. Credit Suisse Group boosted their target price on Vail Resorts from $379.00 to $383.00 and gave the stock an outperform rating in a research note on Friday, June 10th. Finally, KeyCorp set a $300.00 target price on shares of Vail Resorts in a report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $285.57.
Get Vail Resorts alerts:Vail Resorts Price Performance
Shares of MTN stock opened at $215.64 on Thursday. The stock's fifty day simple moving average is $229.60 and its 200 day simple moving average is $238.02. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.22 and a quick ratio of 2.11. Vail Resorts has a one year low of $201.91 and a one year high of $376.24. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 0.60 and a beta of 1.20.
Vail Resorts (NYSE:MTN – Get Rating) last released its earnings results on Wednesday, September 28th. The company reported ($2.70) earnings per share for the quarter, topping analysts' consensus estimates of ($3.01) by $0.31. The company had revenue of $267.14 million during the quarter, compared to the consensus estimate of $262.00 million. Vail Resorts had a return on equity of 18.89% and a net margin of 13.77%. The firm's quarterly revenue was up 30.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($3.49) earnings per share. On average, analysts expect that Vail Resorts will post 9.2 earnings per share for the current fiscal year.Vail Resorts Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, October 24th. Shareholders of record on Wednesday, October 5th will be paid a dividend of $1.91 per share. The ex-dividend date is Tuesday, October 4th. This represents a $7.64 dividend on an annualized basis and a yield of 3.54%. Vail Resorts's payout ratio is 89.99%.
Institutional Trading of Vail Resorts
A number of hedge funds have recently added to or reduced their stakes in the company. Eaton Vance Management lifted its stake in Vail Resorts by 0.4% in the fourth quarter. Eaton Vance Management now owns 36,002 shares of the company's stock worth $11,701,000 after acquiring an additional 153 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Vail Resorts during the 4th quarter worth $172,000. DeepCurrents Investment Group LLC acquired a new stake in Vail Resorts in the 4th quarter valued at about $3,077,000. DLD Asset Management LP boosted its stake in shares of Vail Resorts by 11.3% during the 4th quarter. DLD Asset Management LP now owns 7,834 shares of the company's stock worth $2,569,000 after purchasing an additional 795 shares during the last quarter. Finally, Candlestick Capital Management LP lifted its holdings in shares of Vail Resorts by 74.8% during the 4th quarter. Candlestick Capital Management LP now owns 284,209 shares of the company's stock worth $93,192,000 after acquiring an additional 121,645 shares during the period. 93.13% of the stock is owned by hedge funds and other institutional investors.
About Vail Resorts
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Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 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.
Further Reading
- Get a free copy of the StockNews.com research report on Vail Resorts (MTN)
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