Vail Resorts (NYSE:MTN) Price Target Raised to $197.00

Vail Resorts (NYSE:MTN) had its target price lifted by equities researchers at Morgan Stanley from $182.00 to $197.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 3.30% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Mizuho boosted their price objective on shares of Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a report on Tuesday. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a report on Monday, December 2nd. Stifel Nicolaus reduced their price target on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research note on Friday, September 27th. Barclays boosted their target price on shares of Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a research note on Tuesday. Finally, Macquarie reissued a “neutral” rating and issued a $180.00 target price on shares of Vail Resorts in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $208.20.

Vail Resorts Stock Performance

NYSE MTN opened at $190.70 on Tuesday. Vail Resorts has a 12 month low of $165.00 and a 12 month high of $236.92. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The stock’s fifty day moving average price is $175.83 and its 200-day moving average price is $178.64. The stock has a market cap of $7.15 billion, a P/E ratio of 31.63, a P/E/G ratio of 1.97 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. The business had revenue of $260.28 million during the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a net margin of 7.99% and a return on equity of 20.76%. Vail Resorts’s revenue was up .7% compared to the same quarter last year. During the same period last year, the business earned ($4.60) EPS. As a group, equities analysts forecast that Vail Resorts will post 7.23 EPS for the current fiscal year.

Insider Activity

In other 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 price of $173.09 per share, with a total value of $28,559.85. Following the completion of 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 8.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John F. Sorte sold 1,670 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total value of $289,026.90. Following the transaction, the director now directly owns 45,111 shares in the company, valued at approximately $7,807,360.77. This represents a 3.57 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Vail Resorts

A number of institutional investors and hedge funds have recently modified their holdings of MTN. Fairbanks Capital Management Inc. increased its stake in Vail Resorts by 2.5% in the second quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock worth $462,000 after purchasing an additional 63 shares during the period. Signaturefd LLC boosted its position in Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after buying an additional 83 shares during the period. Fifth Third Bancorp grew its stake in Vail Resorts by 20.9% in the 2nd quarter. Fifth Third Bancorp now owns 486 shares of the company’s stock worth $88,000 after acquiring an additional 84 shares in the last quarter. Condor Capital Management increased its position in shares of Vail Resorts by 0.8% during the second quarter. Condor Capital Management now owns 11,172 shares of the company’s stock worth $2,013,000 after acquiring an additional 88 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of Vail Resorts by 27.6% during the third quarter. Creative Financial Designs Inc. ADV now owns 412 shares of the company’s stock valued at $72,000 after acquiring an additional 89 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

About Vail Resorts

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.