Analysts Set Vail Resorts, Inc. (NYSE:MTN) Price Target at $151.45

Vail Resorts, Inc. (NYSE:MTN) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $151.4545.

MTN has been the subject of several analyst reports. BNP Paribas Exane reaffirmed an “outperform” rating on shares of Vail Resorts in a research report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft decreased their target price on Vail Resorts from $143.00 to $134.00 and set a “hold” rating for the company in a research report on Tuesday, June 9th. Wells Fargo & Company started coverage on Vail Resorts in a research report on Wednesday, March 11th. They issued an “equal weight” rating and a $135.00 target price for the company. Weiss Ratings cut Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 9th. Finally, Zacks Research cut Vail Resorts from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th.

Vail Resorts Trading Down 7.8%

NYSE:MTN opened at $133.04 on Friday. The stock has a 50-day simple moving average of $130.37 and a 200-day simple moving average of $135.13. The stock has a market cap of $4.74 billion, a P/E ratio of 30.24, a P/E/G ratio of 13.54 and a beta of 0.72. Vail Resorts has a 1 year low of $118.51 and a 1 year high of $172.00. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.97 by ($0.16). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The company’s revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $10.54 earnings per share. As a group, analysts anticipate that Vail Resorts will post 4.31 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be given a $2.22 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.7%. Vail Resorts’s dividend payout ratio is 201.82%.

Institutional Trading of Vail Resorts

Large investors have recently made changes to their positions in the company. BOKF NA boosted its position in shares of Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC boosted its position 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 valued at $27,000 after purchasing an additional 155 shares during the period. Danske Bank A S acquired a new stake in shares of Vail Resorts in the 3rd quarter valued at about $30,000. Golden State Wealth Management LLC boosted its position 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 valued at $29,000 after purchasing an additional 100 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position 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 valued at $31,000 after purchasing an additional 222 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

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.