Vail Resorts (NYSE:MTN) Coverage Initiated at UBS Group

UBS Group started coverage on shares of Vail Resorts (NYSE:MTN) in a research note issued to investors on Thursday, MarketBeat reports. The firm set a “neutral” rating and a $185.00 price target on the stock. UBS Group’s price objective would indicate a potential upside of 4.87% from the company’s previous close.

A number of other research firms have also recently issued reports on MTN. Morgan Stanley raised their price target on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. StockNews.com lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday. Stifel Nicolaus cut their price objective on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a research note on Friday, September 27th. Barclays cut their price objective on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research note on Friday, September 27th. Finally, Macquarie reiterated a “neutral” rating and issued a $180.00 price objective on shares of Vail Resorts in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $205.90.

Vail Resorts Trading Down 1.1 %

NYSE:MTN opened at $176.41 on Thursday. Vail Resorts has a 52 week low of $165.00 and a 52 week high of $236.92. The firm has a 50 day moving average of $175.51 and a 200 day moving average of $180.56. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 1.72 and a beta of 1.13.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 posted ($3.35) EPS. As a group, sell-side analysts anticipate that Vail Resorts will post 7.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Robert A. Katz sold 9,296 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the transaction, the insider now directly owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. The trade was a 3.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John F. Sorte sold 1,670 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were 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 in the company, valued at $7,807,360.77. This represents a 3.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Institutional Trading of Vail Resorts

Several institutional investors have recently added to or reduced their stakes in MTN. M&T Bank Corp grew its position in shares of Vail Resorts by 6.9% during the third quarter. M&T Bank Corp now owns 1,986 shares of the company’s stock worth $346,000 after acquiring an additional 129 shares during the last quarter. PYA Waltman Capital LLC grew its position in shares of Vail Resorts by 38.0% during the third quarter. PYA Waltman Capital LLC now owns 29,222 shares of the company’s stock worth $5,093,000 after acquiring an additional 8,042 shares during the last quarter. MML Investors Services LLC grew its position in shares of Vail Resorts by 7.1% during the third quarter. MML Investors Services LLC now owns 7,847 shares of the company’s stock worth $1,368,000 after acquiring an additional 521 shares during the last quarter. Stifel Financial Corp grew its position in shares of Vail Resorts by 47.6% during the third quarter. Stifel Financial Corp now owns 21,131 shares of the company’s stock worth $3,683,000 after acquiring an additional 6,816 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Vail Resorts during the third quarter worth about $765,000. 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.