Vail Resorts (NYSE:MTN) Price Target Raised to $175.00

Vail Resorts (NYSE:MTN) had its price objective raised by equities researchers at Bank of America from $160.00 to $175.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Bank of America‘s price target would indicate a potential upside of 5.98% from the company’s previous close.

A number of other equities research analysts have also weighed in on MTN. Morgan Stanley set a $152.00 target price on shares of Vail Resorts in a research note on Friday, April 25th. JPMorgan Chase & Co. raised Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 price objective on the stock in a research report on Wednesday. Macquarie reduced their target price on Vail Resorts from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Barclays reissued an “underweight” rating and issued a $152.00 target price (down previously from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Finally, Mizuho dropped their price target on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $189.10.

Vail Resorts Trading Up 9.0%

Shares of MTN stock traded up $13.62 during trading hours on Wednesday, reaching $165.12. The company’s stock had a trading volume of 2,585,614 shares, compared to its average volume of 586,319. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. Vail Resorts has a one year low of $129.85 and a one year high of $199.45. The stock has a market capitalization of $6.17 billion, a P/E ratio of 27.42, a P/E/G ratio of 1.93 and a beta of 0.91. The firm’s fifty day simple moving average is $146.18 and its 200 day simple moving average is $164.73.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, topping analysts’ consensus estimates of $6.29 by $0.27. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $5.76 earnings per share. Equities research analysts expect that Vail Resorts will post 7.62 EPS for the current year.

Insider Transactions at Vail Resorts

In other news, CFO Angela A. Korch purchased 185 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $160.00 per share, for a total transaction of $29,600.00. Following the purchase, the chief financial officer now directly owns 2,956 shares in the company, valued at approximately $472,960. This trade represents a 6.68% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sterling Capital Management LLC increased its position in shares of Vail Resorts by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company’s stock valued at $165,000 after acquiring an additional 69 shares in the last quarter. Accretive Wealth Partners LLC boosted its stake in Vail Resorts by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company’s stock valued at $992,000 after purchasing an additional 80 shares during the last quarter. Argonautica Private Wealth Management Inc. increased its holdings in shares of Vail Resorts by 6.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,478 shares of the company’s stock worth $277,000 after purchasing an additional 96 shares in the last quarter. State of Michigan Retirement System raised its stake in shares of Vail Resorts by 1.1% in the first quarter. State of Michigan Retirement System now owns 9,000 shares of the company’s stock worth $1,440,000 after purchasing an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of Vail Resorts by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the company’s stock worth $1,680,000 after purchasing an additional 100 shares during the last quarter. 94.94% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Company Profile

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.