Vail Resorts (MTN) Research Coverage Started at Berenberg Bank

Berenberg Bank assumed coverage on shares of Vail Resorts (NYSE:MTN) in a report issued on Wednesday, Marketbeat.com reports. The brokerage issued a hold rating and a $300.00 price objective on the stock.

Other equities analysts have also issued research reports about the company. Deutsche Bank set a $297.00 price target on Vail Resorts and gave the company a buy rating in a research note on Friday, June 8th. ValuEngine raised Vail Resorts from a hold rating to a buy rating in a research note on Thursday, June 7th. Bank of America upped their price target on Vail Resorts from $250.00 to $275.00 and gave the company a buy rating in a research note on Tuesday, June 5th. Stifel Nicolaus reaffirmed a hold rating and set a $295.00 price target (up previously from $232.00) on shares of Vail Resorts in a research note on Monday, June 11th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Vail Resorts from a buy rating to a hold rating in a research note on Tuesday, June 12th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $281.44.

Shares of Vail Resorts opened at $280.81 on Wednesday, according to MarketBeat.com. The company has a current ratio of 1.04, a quick ratio of 0.88 and a debt-to-equity ratio of 0.54. Vail Resorts has a 12-month low of $197.48 and a 12-month high of $288.83. The firm has a market cap of $11.24 billion, a PE ratio of 40.65 and a beta of 0.45.



Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, June 7th. The company reported $6.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.12 by $0.05. Vail Resorts had a return on equity of 15.91% and a net margin of 20.23%. The business had revenue of $844.50 million for the quarter, compared to analyst estimates of $823.83 million. During the same quarter in the prior year, the firm posted $4.40 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. research analysts anticipate that Vail Resorts will post 9.01 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Wednesday, June 27th will be issued a $1.47 dividend. The ex-dividend date is Tuesday, June 26th. This represents a $5.88 dividend on an annualized basis and a yield of 2.09%. Vail Resorts’s dividend payout ratio is presently 112.64%.

In related news, insider Robert A. Katz sold 45,200 shares of the company’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $272.61, for a total value of $12,321,972.00. Following the completion of the sale, the insider now owns 556,964 shares in the company, valued at $151,833,956.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patricia A. Campbell sold 8,821 shares of the company’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $277.06, for a total value of $2,443,946.26. Following the completion of the sale, the insider now owns 19,431 shares of the company’s stock, valued at approximately $5,383,552.86. The disclosure for this sale can be found here. Insiders sold 58,189 shares of company stock valued at $15,912,143 in the last quarter. 3.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank increased its holdings in Vail Resorts by 6.8% in the first quarter. Amalgamated Bank now owns 8,563 shares of the company’s stock valued at $1,898,000 after purchasing an additional 548 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in Vail Resorts by 13.2% in the first quarter. Summit Trail Advisors LLC now owns 5,032 shares of the company’s stock valued at $921,000 after purchasing an additional 588 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Vail Resorts in the first quarter valued at about $3,114,000. Handelsbanken Fonder AB increased its holdings in Vail Resorts by 30.4% in the first quarter. Handelsbanken Fonder AB now owns 150,000 shares of the company’s stock valued at $33,255,000 after purchasing an additional 35,000 shares during the last quarter. Finally, CIBC World Markets Inc. bought a new stake in Vail Resorts in the first quarter valued at about $639,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

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, Beaver Creek, Breckenridge, and Keystone resorts in Colorado; Park City Mountain resort in Utah; Heavenly, Northstar, and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Northern Vermont; and Perisher in Australia, as well as three urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

Analyst Recommendations for Vail Resorts (NYSE:MTN)

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