Vail Resorts (NYSE:MTN) Stock Bumped Up to Hold by Wall Street Zen

Wall Street Zen upgraded shares of Vail Resorts (NYSE:MTN) from a sell rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

Several other equities research analysts also recently weighed in on the company. Mizuho decreased their target price on Vail Resorts from $160.00 to $156.00 and set an “outperform” rating for the company in a research report on Tuesday, September 29th. The Goldman Sachs Group started coverage on shares of Vail Resorts in a report on Thursday, August 13th. They set a “sell” rating and a $132.00 price target for the company. Barclays dropped their price target on shares of Vail Resorts from $119.00 to $117.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 29th. UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a report on Friday, September 18th. Finally, Truist Financial decreased their price objective on shares of Vail Resorts from $195.00 to $191.00 and set a “buy” rating for the company in a research report on Tuesday, September 29th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and a consensus price target of $150.00.

Vail Resorts Trading Up 1.1%

Shares of MTN stock traded up $1.67 during mid-day trading on Friday, hitting $152.84. 450,910 shares of the company’s stock were exchanged, compared to its average volume of 532,202. Vail Resorts has a fifty-two week low of $118.51 and a fifty-two week high of $163.99. The stock has a 50-day simple moving average of $145.97 and a two-hundred day simple moving average of $139.23. The company has a quick ratio of 0.68, a current ratio of 0.80 and a debt-to-equity ratio of 5.57. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 36.92, a PEG ratio of 11.11 and a beta of 0.73.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, September 28th. The company reported ($5.34) EPS for the quarter, beating 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 firm had revenue of $278.07 million during the quarter, compared to analyst estimates of $269.30 million. During the same period in the prior year, the firm posted ($5.08) earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts expect that Vail Resorts will post 5.51 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 27th. Stockholders of record on Thursday, October 8th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $8.88 annualized dividend and a dividend yield of 5.8%. Vail Resorts’s dividend payout ratio (DPR) is presently 214.49%.

Institutional Trading of Vail Resorts

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

About Vail Resorts

Vail Resorts, Inc. operates mountain resorts and related businesses, including lodging, ski schools, equipment rentals, dining and retail. Its resorts offer skiing and snowboarding in winter as well as hiking, mountain biking and other activities in warmer months. The company’s portfolio spans the United States, Canada, Australia and Europe. Vail Resorts also sells the Epic Pass, which provides access to participating resorts and is a key part of its season-pass business. The company’s history is closely tied to Vail Mountain in Colorado, which opened in 1962.