UBS Group Initiates Coverage on Vail Resorts (NYSE:MTN)

Research analysts at UBS Group initiated coverage on shares of Vail Resorts (NYSE:MTN) in a research note issued to investors on Thursday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $185.00 price target on the stock. UBS Group’s price objective suggests a potential upside of 2.88% from the stock’s current price.

A number of other research analysts also recently commented on MTN. Macquarie reissued a “neutral” rating and set a $180.00 target price on shares of Vail Resorts in a research report on Wednesday, October 2nd. Morgan Stanley raised their target price on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Stifel Nicolaus cut their target price on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research report on Friday, September 27th. Finally, StockNews.com downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $205.90.

Vail Resorts Trading Down 1.4 %

MTN stock opened at $179.82 on Thursday. The company has a market capitalization of $6.74 billion, a PE ratio of 29.82, a P/E/G ratio of 1.75 and a beta of 1.13. Vail Resorts has a 12 month low of $165.00 and a 12 month high of $236.92. The firm’s 50-day moving average is $175.82 and its 200 day moving average is $180.71. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.82 and a quick ratio of 0.71.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The company had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The company’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned ($3.35) EPS. On average, research analysts anticipate that Vail Resorts will post 7.27 EPS for the current year.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 165 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was acquired at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the purchase, the chief financial officer now owns 2,187 shares in the company, valued at approximately $378,547.83. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Angela A. Korch bought 165 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was purchased at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the purchase, the chief financial officer now directly owns 2,187 shares in the company, valued at approximately $378,547.83. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John F. Sorte sold 1,670 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total transaction of $289,026.90. Following the completion of the sale, the director now directly owns 45,111 shares of the company’s stock, valued at approximately $7,807,360.77. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Vail Resorts

A number of large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Vail Resorts by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,154,759 shares of the company’s stock worth $201,263,000 after buying an additional 40,643 shares in the last quarter. TPG GP A LLC grew its holdings in shares of Vail Resorts by 17.4% during the second quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock worth $162,017,000 after buying an additional 133,607 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Vail Resorts by 8.1% during the third quarter. The Manufacturers Life Insurance Company now owns 686,984 shares of the company’s stock worth $119,734,000 after buying an additional 51,438 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Vail Resorts by 673.1% during the second quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock worth $114,481,000 after buying an additional 553,337 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Vail Resorts by 36.3% during the second quarter. Dimensional Fund Advisors LP now owns 356,386 shares of the company’s stock worth $64,195,000 after buying an additional 94,923 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.