Vail Resorts (NYSE:MTN – Free Report) had its price objective increased by JPMorgan Chase & Co. from $126.00 to $150.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.
MTN has been the subject of several other reports. Stifel Nicolaus set a $157.00 target price on Vail Resorts and gave the company a “buy” rating in a research note on Tuesday. UBS Group reissued a “neutral” rating on shares of Vail Resorts in a research note on Friday, September 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a $162.00 price objective on shares of Vail Resorts in a research note on Tuesday. BNP Paribas Exane lowered shares of Vail Resorts from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $151.00 to $135.00 in a report on Monday, September 21st. Finally, Truist Financial decreased their target price on shares of Vail Resorts from $195.00 to $191.00 and set a “buy” rating on the stock in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $145.25.
Check Out Our Latest Research Report on MTN
Vail Resorts Stock Up 0.9%
Vail Resorts (NYSE:MTN – Get Free Report) last issued its quarterly earnings results on Monday, September 28th. The company reported ($5.34) earnings per share for the quarter, topping analysts’ consensus estimates of ($5.35) by $0.01. Vail Resorts had a return on equity of 22.82% and a net margin of 5.20%.The company had revenue of $278.07 million for the quarter, compared to analyst estimates of $269.30 million. During the same quarter in the prior year, the company posted ($5.08) EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that Vail Resorts will post 5.55 EPS for the current year.
Vail Resorts Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 27th. Stockholders of record on Thursday, October 8th will be issued a dividend of $2.22 per share. The ex-dividend date is Thursday, October 8th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.4%. Vail Resorts’s payout ratio is presently 214.49%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. MAC Alpha Capital Management LP grew its stake in Vail Resorts by 35.3% during the second quarter. MAC Alpha Capital Management LP now owns 33,700 shares of the company’s stock worth $4,589,000 after buying an additional 8,800 shares during the period. Anchor Investment Management LLC purchased a new position in shares of Vail Resorts in the 2nd quarter valued at $32,000. Tidal Investments LLC lifted its holdings in shares of Vail Resorts by 29.7% during the 2nd quarter. Tidal Investments LLC now owns 10,965 shares of the company’s stock valued at $1,493,000 after acquiring an additional 2,512 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Vail Resorts during the 2nd quarter valued at $103,000. Finally, NewEdge Advisors LLC boosted its position in Vail Resorts by 13,391.6% during the 2nd quarter. NewEdge Advisors LLC now owns 16,055 shares of the company’s stock worth $2,186,000 after purchasing an additional 15,936 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.
Vail Resorts News Roundup
Here are the key news stories impacting Vail Resorts this week:
- Positive Sentiment: Wells Fargo expects Vail Resorts’ stock price to rise, while JPMorgan forecasts strong potential appreciation. These views suggest some analysts believe the company’s turnaround efforts and a better upcoming ski season could support the shares. Wells Fargo analyst outlook JPMorgan analyst outlook
- Positive Sentiment: One valuation analysis estimates MTN could be approximately 5% undervalued after weather hurt recent results, with recovery initiatives providing potential upside if operating conditions improve. Vail Resorts valuation analysis
- Positive Sentiment: Activist investor Oasis Management is reportedly nearing insider status at Vail Resorts. Its increased involvement could create pressure for operational improvements or other shareholder-friendly actions, although the eventual impact remains uncertain. Oasis Management ownership report
- Neutral Sentiment: Analyst views remain divided across the consumer-cyclical sector, reflecting uncertainty about demand and the pace of Vail Resorts’ recovery. Mixed consumer-cyclical analyst views
- Neutral Sentiment: Morgan Stanley cut its MTN price target from $147 to $142 while maintaining an Equal Weight rating. The new target still implied approximately 2.6% upside based on the cited share price, indicating limited expected appreciation. Morgan Stanley price target update
- Negative Sentiment: Epic Pass sales are reportedly lagging ahead of the winter season. The weakness raises concern about forward revenue and visitation, particularly after last season’s historically poor skiing conditions, despite management’s forecast of a significant recovery. Epic Pass sales report Vail Resorts recovery outlook
- Negative Sentiment: Goldman Sachs assigned Vail Resorts a Sell rating, while Deutsche Bank lowered its price target. The negative revisions reinforce concerns about valuation, operating execution and the uncertain recovery. Goldman Sachs Sell rating Deutsche Bank price target cut
Vail Resorts Company Profile
Vail Resorts, Inc is a mountain resort operator that owns and manages destination ski and summer resorts, regional ski areas, hotels and other hospitality businesses. Its operations are designed to serve visitors throughout the year, with activities including skiing, snowboarding, hiking, mountain biking, lodging, dining, retail and other resort experiences.
The company’s portfolio includes well-known resorts such as Vail, Beaver Creek, Breckenridge, Keystone, Park City, Whistler Blackcomb and Stowe in North America, as well as Perisher, Falls Creek and Hotham in Australia.
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