KeyCorp Raises Vail Resorts (MTN) Price Target to $250.00

Vail Resorts (NYSE:MTN) had its price target upped by equities researchers at KeyCorp from $240.00 to $250.00 in a research report issued on Monday, April 1st, The Fly reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 13.21% from the company’s previous close.

MTN has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. ValuEngine lowered shares of Vail Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Barclays decreased their target price on shares of Vail Resorts from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Monday, December 10th. Deutsche Bank set a $297.00 target price on shares of Vail Resorts and gave the stock a “buy” rating in a research report on Saturday, December 8th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Vail Resorts in a research report on Friday, January 11th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $260.66.

Shares of MTN traded up $4.02 during mid-day trading on Monday, hitting $220.83. 506,231 shares of the company’s stock were exchanged, compared to its average volume of 462,637. Vail Resorts has a 52 week low of $179.60 and a 52 week high of $302.76. The stock has a market capitalization of $8.72 billion, a PE ratio of 35.11 and a beta of 0.65. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 0.80.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Friday, March 8th. The company reported $5.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.79 by $0.23. Vail Resorts had a net margin of 12.76% and a return on equity of 15.93%. The business had revenue of $849.60 million for the quarter, compared to analysts’ expectations of $841.76 million. During the same period last year, the firm posted $4.12 earnings per share. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. Equities research analysts predict that Vail Resorts will post 7.08 earnings per share for the current fiscal year.

In other news, Director Peter A. Vaughn sold 1,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $216.47, for a total value of $216,470.00. Following the transaction, the director now owns 8,372 shares of the company’s stock, valued at $1,812,286.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David T. Shapiro sold 5,312 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $213.51, for a total transaction of $1,134,165.12. Following the sale, the executive vice president now directly owns 4,573 shares of the company’s stock, valued at $976,381.23. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of MTN. Virtu Financial LLC acquired a new position in Vail Resorts during the fourth quarter worth $601,000. Highwater Wealth Management LLC acquired a new stake in Vail Resorts in the fourth quarter valued at $32,000. Strs Ohio grew its holdings in Vail Resorts by 175.9% in the fourth quarter. Strs Ohio now owns 81,847 shares of the company’s stock valued at $17,254,000 after purchasing an additional 52,181 shares during the last quarter. Conestoga Capital Advisors LLC grew its holdings in Vail Resorts by 58.3% in the fourth quarter. Conestoga Capital Advisors LLC now owns 16,050 shares of the company’s stock valued at $3,384,000 after purchasing an additional 5,910 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Vail Resorts by 151.5% in the third quarter. Morgan Stanley now owns 238,162 shares of the company’s stock valued at $65,355,000 after purchasing an additional 143,471 shares during the last quarter. Institutional investors own 99.19% 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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