Vail Resorts (NYSE:MTN) Given New $280.00 Price Target at SunTrust Banks

Vail Resorts (NYSE:MTN) had its price objective upped by SunTrust Banks from $247.00 to $280.00 in a report issued on Thursday morning, The Fly reports. They currently have a buy rating on the stock. The analysts noted that the move was a valuation call.

A number of other equities analysts also recently issued reports on MTN. Barclays lifted their price target on Vail Resorts from $255.00 to $270.00 and gave the company an overweight rating in a research note on Wednesday. Stifel Nicolaus lifted their price target on Vail Resorts from $219.00 to $230.00 and gave the company a hold rating in a research note on Friday, June 7th. Deutsche Bank set a $281.00 price target on Vail Resorts and gave the company a buy rating in a research note on Friday, September 27th. Jefferies Financial Group set a $263.00 price target on Vail Resorts and gave the company a hold rating in a research note on Friday, September 27th. Finally, Bank of America lifted their price target on Vail Resorts from $240.00 to $245.00 and gave the company a neutral rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Vail Resorts has an average rating of Hold and a consensus price target of $247.26.

MTN stock traded up $2.35 during mid-day trading on Thursday, reaching $230.95. 319,786 shares of the company traded hands, compared to its average volume of 371,543. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of 30.59, a P/E/G ratio of 1.91 and a beta of 0.70. The company has a quick ratio of 0.60, a current ratio of 0.73 and a debt-to-equity ratio of 0.88. Vail Resorts has a fifty-two week low of $179.60 and a fifty-two week high of $286.40. The firm’s 50 day moving average price is $236.40 and its 200 day moving average price is $227.80.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Thursday, September 26th. The company reported ($2.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.58) by $0.36. The business had revenue of $244.01 million during the quarter, compared to the consensus estimate of $239.91 million. Vail Resorts had a return on equity of 18.13% and a net margin of 13.26%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($2.07) EPS. On average, analysts anticipate that Vail Resorts will post 7.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Tuesday, October 8th will be given a dividend of $1.76 per share. The ex-dividend date of this dividend is Monday, October 7th. This represents a $7.04 annualized dividend and a dividend yield of 3.05%. Vail Resorts’s dividend payout ratio is currently 93.25%.

In other Vail Resorts news, CMO Kirsten A. Lynch sold 5,834 shares of Vail Resorts stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $228.62, for a total transaction of $1,333,769.08. Following the transaction, the chief marketing officer now owns 17,060 shares of the company’s stock, valued at approximately $3,900,257.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Ryan H. Siurek sold 898 shares of Vail Resorts stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $235.83, for a total transaction of $211,775.34. Following the transaction, the chief accounting officer now directly owns 1,069 shares in the company, valued at approximately $252,102.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,126 shares of company stock worth $1,867,391. Insiders own 2.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of MTN. Parametric Portfolio Associates LLC lifted its position in shares of Vail Resorts by 28.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 91,740 shares of the company’s stock worth $19,935,000 after buying an additional 20,211 shares in the last quarter. BlackRock Inc. lifted its position in shares of Vail Resorts by 5.9% during the 1st quarter. BlackRock Inc. now owns 2,491,909 shares of the company’s stock worth $541,493,000 after buying an additional 137,749 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Vail Resorts by 29.9% during the 1st quarter. Advisor Group Inc. now owns 4,747 shares of the company’s stock worth $1,034,000 after buying an additional 1,094 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Vail Resorts by 7.4% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 6,505 shares of the company’s stock worth $1,414,000 after buying an additional 448 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Vail Resorts by 96.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 22,794 shares of the company’s stock worth $4,953,000 after buying an additional 11,198 shares in the last quarter. 95.25% of the stock is currently owned by hedge funds and other institutional investors.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

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Analyst Recommendations for Vail Resorts (NYSE:MTN)

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