Vail Resorts, Inc. (NYSE:MTN) Given Consensus Recommendation of “Hold” by Analysts

Vail Resorts, Inc. (NYSE:MTN) has been given a consensus recommendation of “Hold” by the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $151.4545.

A number of analysts have commented on MTN shares. Zacks Research lowered Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Weiss Ratings downgraded Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 9th. BNP Paribas Exane restated an “outperform” rating on shares of Vail Resorts in a research note on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft dropped their price target on Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research note on Tuesday, June 9th. Finally, Mizuho set a $174.00 price target on Vail Resorts in a research note on Tuesday, June 9th.

Vail Resorts Stock Up 11.1%

Vail Resorts stock opened at $144.40 on Friday. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 32.82, a PEG ratio of 12.04 and a beta of 0.72. The stock has a fifty day simple moving average of $129.18 and a two-hundred day simple moving average of $135.11. Vail Resorts has a 12 month low of $118.51 and a 12 month high of $172.00. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $10.54 EPS. Equities analysts predict that Vail Resorts will post 4.37 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be paid a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Thursday, June 25th. Vail Resorts’s dividend payout ratio (DPR) is 201.82%.

Hedge Funds Weigh In On Vail Resorts

Institutional investors and hedge funds have recently modified their holdings of the company. BOKF NA boosted its stake in shares of Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after buying an additional 155 shares during the last quarter. Danske Bank A S purchased a new position in shares of Vail Resorts in the 3rd quarter worth $30,000. Golden State Wealth Management LLC boosted its stake in shares of Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Vail Resorts by 1,585.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after buying an additional 222 shares during the last quarter. 94.90% of the stock is currently owned by hedge funds and other institutional investors.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.