Stifel Nicolaus Forecasts Strong Price Appreciation for Vail Resorts (NYSE:MTN) Stock

Vail Resorts (NYSE:MTN) had its target price upped by stock analysts at Stifel Nicolaus from $157.00 to $172.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 12.77% from the stock’s current price.

Other research analysts also recently issued reports about the company. Jefferies Financial Group reissued a “buy” rating and issued a $162.00 price objective on shares of Vail Resorts in a research note on Tuesday, September 29th. Truist Financial lowered 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 note on Tuesday, September 29th. Barclays dropped their target price on shares of Vail Resorts from $119.00 to $117.00 and set an “underweight” rating for the company in a report on Tuesday, September 29th. UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a research report on Friday, September 18th. Finally, JPMorgan Chase & Co. increased their target price on shares of Vail Resorts from $126.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, September 29th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $150.00.

Vail Resorts Price Performance

NYSE:MTN opened at $152.52 on Monday. The stock has a 50 day moving average of $142.53 and a two-hundred day moving average of $137.64. Vail Resorts has a 12 month low of $118.51 and a 12 month high of $163.34. The firm has a market cap of $5.43 billion, a P/E ratio of 36.84, a price-to-earnings-growth ratio of 10.55 and a beta of 0.76. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 5.57.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, September 28th. The company reported ($5.34) earnings per share for the quarter, beating the consensus estimate of ($5.35) by $0.01. The business had revenue of $278.07 million for the quarter, compared to the consensus estimate of $269.30 million. Vail Resorts had a return on equity of 22.82% and a net margin of 5.20%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted ($5.08) earnings per share. On average, analysts expect that Vail Resorts will post 5.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vail Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Michigan Retirement System lifted its stake in shares of Vail Resorts by 1.2% during the first quarter. State of Michigan Retirement System now owns 8,600 shares of the company’s stock valued at $1,104,000 after buying an additional 100 shares during the period. PNC Financial Services Group Inc. grew its stake in Vail Resorts by 5.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,806 shares of the company’s stock worth $360,000 after acquiring an additional 141 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Vail Resorts by 2.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 7,314 shares of the company’s stock worth $939,000 after acquiring an additional 145 shares during the period. Sanctuary Advisors LLC grew its stake in Vail Resorts by 6.5% in the 1st quarter. Sanctuary Advisors LLC now owns 2,452 shares of the company’s stock worth $315,000 after acquiring an additional 150 shares during the period. Finally, Leonteq Securities AG raised its holdings in Vail Resorts by 52.5% in the 1st quarter. Leonteq Securities AG now owns 540 shares of the company’s stock valued at $69,000 after acquiring an additional 186 shares during the last quarter. Institutional investors and hedge funds 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.