Investment analysts at LADENBURG THALM/SH SH assumed coverage on shares of Vail Resorts (NYSE:MTN – Get Free Report) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $192.00 price target on the stock. LADENBURG THALM/SH SH’s price target suggests a potential upside of 30.53% from the company’s previous close.
A number of other research firms have also recently issued reports on MTN. Stifel Nicolaus lifted their price target on Vail Resorts from $157.00 to $172.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group began coverage on shares of Vail Resorts in a research report on Thursday, August 13th. They set a “sell” rating and a $132.00 price target on the stock. Zacks Research raised shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. BNP Paribas Exane lowered shares of Vail Resorts from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $151.00 to $135.00 in a report on Monday, September 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Vail Resorts from $138.00 to $132.00 and set a “hold” rating for the company in a research report on Tuesday, September 29th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and a consensus target price of $150.00.
Get Our Latest Analysis on Vail Resorts
Vail Resorts Trading Up 0.7%
Vail Resorts (NYSE:MTN – Get Free Report) last announced its earnings results on Monday, September 28th. The company reported ($5.34) EPS for the quarter, topping the consensus estimate of ($5.35) by $0.01. The company had revenue of $278.07 million for the quarter, compared to analysts’ expectations of $269.30 million. Vail Resorts had a return on equity of 22.82% and a net margin of 5.20%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($5.08) earnings per share. Analysts predict that Vail Resorts will post 5.64 EPS for the current fiscal year.
Institutional Investors Weigh In On Vail Resorts
Institutional investors and hedge funds have recently made changes to their positions in the company. Bamco Inc. NY acquired a new position in shares of Vail Resorts during the second quarter valued at $889,971,000. BlackRock Inc. bought a new position in Vail Resorts in the second quarter valued at about $464,712,000. The Manufacturers Life Insurance Company increased its position in Vail Resorts by 26.0% in the first quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock worth $125,334,000 after purchasing an additional 201,750 shares during the period. HighTower Advisors LLC increased its position in Vail Resorts by 22.7% in the second quarter. HighTower Advisors LLC now owns 712,430 shares of the company’s stock worth $96,997,000 after purchasing an additional 131,898 shares during the period. Finally, River Road Asset Management LLC increased its position in Vail Resorts by 37.9% in the fourth quarter. River Road Asset Management LLC now owns 508,498 shares of the company’s stock worth $67,529,000 after purchasing an additional 139,828 shares during the period. Institutional investors own 94.90% of the company’s stock.
About Vail Resorts
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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