Vail Resorts, Inc. (NYSE:MTN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Vail Resorts, Inc. (NYSE:MTN) have received a consensus rating of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $204.50.

A number of equities analysts recently commented on MTN shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Morgan Stanley reissued an “equal weight” rating and issued a $197.00 price objective on shares of Vail Resorts in a report on Monday, December 23rd. Barclays lifted their target price on shares of Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 10th. Finally, Truist Financial dropped their price target on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, December 10th.

Vail Resorts Stock Down 0.9 %

NYSE MTN opened at $167.95 on Monday. The business has a fifty day moving average price of $181.10 and a 200 day moving average price of $178.44. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The company has a market cap of $6.29 billion, a P/E ratio of 27.90, a P/E/G ratio of 2.07 and a beta of 1.11. Vail Resorts has a one year low of $165.00 and a one year high of $236.92.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. The business had revenue of $260.28 million during the quarter, compared to analysts’ expectations of $251.45 million. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned ($4.60) earnings per share. Research analysts anticipate that Vail Resorts will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were issued a $2.22 dividend. The ex-dividend date was Thursday, December 26th. This represents a $8.88 annualized dividend and a yield of 5.29%. Vail Resorts’s dividend payout ratio (DPR) is presently 147.51%.

Hedge Funds Weigh In On Vail Resorts

Several hedge funds have recently bought and sold shares of MTN. Bamco Inc. NY boosted its position in Vail Resorts by 2.7% in the 3rd quarter. Bamco Inc. NY now owns 5,185,136 shares of the company’s stock valued at $903,717,000 after buying an additional 136,328 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Vail Resorts by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,202,176 shares of the company’s stock valued at $225,348,000 after purchasing an additional 47,417 shares during the period. The Manufacturers Life Insurance Company grew its stake in Vail Resorts by 8.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 686,984 shares of the company’s stock worth $119,734,000 after purchasing an additional 51,438 shares in the last quarter. Geode Capital Management LLC increased its holdings in Vail Resorts by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 649,624 shares of the company’s stock worth $113,252,000 after purchasing an additional 8,422 shares during the period. Finally, First Pacific Advisors LP raised its position in Vail Resorts by 12.4% in the 4th quarter. First Pacific Advisors LP now owns 522,285 shares of the company’s stock valued at $97,902,000 after purchasing an additional 57,484 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.

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.