Vail Resorts (NYSE:MTN) Stock Price Target Raised at Stifel Nicolaus

Vail Resorts (NYSE:MTN) had its price objective upped by Stifel Nicolaus from $157.00 to $172.00 in a research report report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently weighed in on MTN. UBS Group restated a “neutral” rating on shares of Vail Resorts in a research report on Friday, September 18th. JPMorgan Chase & Co. lifted their price target on Vail Resorts from $126.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 29th. The Goldman Sachs Group assumed coverage on Vail Resorts in a research report on Thursday, August 13th. They set a “sell” rating and a $132.00 price target for the company. Weiss Ratings downgraded Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, September 14th. Finally, Morgan Stanley reduced their price objective on Vail Resorts from $147.00 to $142.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 30th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $146.50.

Vail Resorts Trading Up 0.7%

Shares of Vail Resorts stock opened at $147.09 on Monday. The firm has a market capitalization of $5.24 billion, a PE ratio of 35.53, a P/E/G ratio of 10.48 and a beta of 0.76. Vail Resorts has a twelve month low of $118.51 and a twelve month high of $163.34. The firm’s 50-day moving average price is $142.48 and its 200 day moving average price is $137.50. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 5.57.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, September 28th. The company reported ($5.34) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.35) by $0.01. Vail Resorts had a return on equity of 22.82% and a net margin of 5.20%. The company had revenue of $278.07 million for the quarter, compared to analysts’ expectations of $269.30 million. During the same period in the previous year, the firm posted ($5.08) EPS. Vail Resorts’s revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts predict that Vail Resorts will post 5.64 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 27th. Investors of record on Thursday, October 8th will be paid a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Thursday, October 8th. Vail Resorts’s dividend payout ratio is currently 214.49%.

Institutional Trading of Vail Resorts

A number of hedge funds have recently bought and sold shares of MTN. Bamco Inc. NY purchased a new stake in shares of Vail Resorts during the 2nd quarter valued at approximately $889,971,000. BlackRock Inc. acquired a new position in Vail Resorts in the second quarter valued at approximately $464,712,000. The Manufacturers Life Insurance Company acquired a new position in Vail Resorts in the second quarter valued at approximately $131,418,000. Corient Private Wealth LP acquired a new position in Vail Resorts in the second quarter valued at approximately $55,443,000. Finally, Bank of New York Mellon Corp purchased a new position in Vail Resorts in the second quarter worth approximately $49,749,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Vail Resorts Company Profile

Vail Resorts, Inc is a mountain resort operator that owns and manages destination ski and summer resorts, regional ski areas, hotels and other hospitality businesses. Its operations are designed to serve visitors throughout the year, with activities including skiing, snowboarding, hiking, mountain biking, lodging, dining, retail and other resort experiences.

The company’s portfolio includes well-known resorts such as Vail, Beaver Creek, Breckenridge, Keystone, Park City, Whistler Blackcomb and Stowe in North America, as well as Perisher, Falls Creek and Hotham in Australia.