KeyCorp Reiterates “$210.00” Price Target for Vail Resorts (MTN)

Vail Resorts (NYSE:MTN) has been assigned a $210.00 price target by equities research analysts at KeyCorp in a report released on Wednesday, January 23rd. The firm presently has a “buy” rating on the stock. KeyCorp’s target price would suggest a potential upside of 4.13% from the company’s previous close. KeyCorp also issued estimates for Vail Resorts’ Q2 2019 earnings at $5.13 EPS, Q3 2019 earnings at $7.25 EPS, Q4 2019 earnings at ($2.20) EPS, FY2019 earnings at $7.45 EPS and FY2020 earnings at $8.65 EPS.

A number of other analysts have also commented on the company. Zacks Investment Research lowered Vail Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Deutsche Bank cut their price target on Vail Resorts from $294.00 to $267.00 and set a “buy” rating for the company in a research note on Monday, January 14th. Stifel Nicolaus reiterated a “hold” rating on shares of Vail Resorts in a research note on Friday, January 11th. Bank of America downgraded Vail Resorts from a “buy” rating to a “neutral” rating in a research note on Friday, January 11th. Finally, ValuEngine downgraded Vail Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Vail Resorts currently has an average rating of “Hold” and a consensus price target of $280.75.

Shares of Vail Resorts stock opened at $201.67 on Wednesday. Vail Resorts has a one year low of $179.60 and a one year high of $302.76. The stock has a market capitalization of $8.14 billion, a P/E ratio of 32.06 and a beta of 0.62. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.50 and a quick ratio of 0.35.

Vail Resorts (NYSE:MTN) last issued its earnings results on Friday, December 7th. The company reported ($2.66) EPS for the quarter, missing analysts’ consensus estimates of ($2.44) by ($0.22). Vail Resorts had a net margin of 14.94% and a return on equity of 13.55%. The firm had revenue of $220.00 million during the quarter, compared to the consensus estimate of $235.08 million. During the same period in the previous year, the firm earned ($2.00) earnings per share. The business’s quarterly revenue was down .4% on a year-over-year basis. Analysts expect that Vail Resorts will post 7.14 EPS for the current fiscal year.

In other news, Director John F. Sorte sold 2,134 shares of the business’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $240.02, for a total value of $512,202.68. Following the transaction, the director now owns 47,314 shares in the company, valued at approximately $11,356,306.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in MTN. Highwater Wealth Management LLC bought a new stake in shares of Vail Resorts in the 4th quarter worth approximately $32,000. Exane Derivatives raised its holdings in shares of Vail Resorts by 3,080.0% in the 4th quarter. Exane Derivatives now owns 159 shares of the company’s stock worth $34,000 after purchasing an additional 154 shares during the period. Westside Investment Management Inc. raised its holdings in shares of Vail Resorts by 700.0% in the 4th quarter. Westside Investment Management Inc. now owns 200 shares of the company’s stock worth $42,000 after purchasing an additional 175 shares during the period. Quattro Financial Advisors LLC bought a new stake in shares of Vail Resorts in the 4th quarter worth approximately $55,000. Finally, Flagship Harbor Advisors LLC raised its holdings in shares of Vail Resorts by 526.7% in the 4th quarter. Flagship Harbor Advisors LLC now owns 282 shares of the company’s stock worth $59,000 after purchasing an additional 237 shares during the period. Hedge funds and other institutional investors own 95.77% of the company’s stock.

About Vail Resorts

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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