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.
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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