Vail Resorts (NYSE:MTN) Given New $167.00 Price Target at JPMorgan Chase & Co.

Vail Resorts (NYSE:MTN) had its target price boosted by JPMorgan Chase & Co. from $166.00 to $167.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an underweight rating on the stock.

A number of other brokerages also recently issued reports on MTN. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Barclays restated an “underweight” rating and issued a $152.00 price target (down from $165.00) on shares of Vail Resorts in a research report on Monday. Deutsche Bank Aktiengesellschaft raised their price target on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Mizuho raised their price target on Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, UBS Group initiated coverage on Vail Resorts in a research note on Thursday, November 14th. They issued a “neutral” rating and a $185.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and an average target price of $194.67.

Vail Resorts Stock Up 7.9 %

NYSE MTN opened at $165.76 on Tuesday. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The company has a market capitalization of $6.21 billion, a P/E ratio of 27.53, a P/E/G ratio of 1.93 and a beta of 1.12. Vail Resorts has a one year low of $151.99 and a one year high of $233.57. The stock has a 50 day moving average price of $168.46 and a 200-day moving average price of $175.96.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, beating analysts’ consensus estimates of $6.29 by $0.27. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $5.76 EPS. As a group, equities analysts predict that Vail Resorts will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be paid a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $8.88 annualized dividend and a dividend yield of 5.36%. Vail Resorts’s dividend payout ratio is currently 147.51%.

Hedge Funds Weigh In On Vail Resorts

Institutional investors have recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Vail Resorts during the third quarter valued at $25,000. Heck Capital Advisors LLC purchased a new position in shares of Vail Resorts during the fourth quarter valued at $33,000. Blue Trust Inc. increased its stake in shares of Vail Resorts by 246.7% during the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after buying an additional 148 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of Vail Resorts during the fourth quarter valued at $40,000. Finally, GeoWealth Management LLC increased its stake in shares of Vail Resorts by 162.2% during the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock valued at $55,000 after buying an additional 180 shares during the period. 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.