According to The Fly, investment analysts at Truist Financial raised their target price for Vail Resorts (NYSE: MTN) in a research note published on Thursday. The new price target is $292.00, up from $270.00 previously. The price target set for Truist Financial indicates a potential gain of 20.47 percent when measured against the stock’s most recent closing price.
Over the past few months, several other stock research analysts have weighed in with their opinions concerning MTN. Credit Suisse Group released a research note on September 29 that focused on Vail Resorts and discussed the company’s recent activities. The research note gave the stock an “outperform” rating and lowered the price target, which had previously been $383.00, to $380.00. JPMorgan Chase & Co. increased their target price on Vail Resorts from $246.00 to $262.00 in a research note published on Monday, December 12. In addition, the firm rated the company’s stock as “neutral,” which indicates that they do not have a strong opinion either way. Barclays moved Vail Resorts up from an “underweight” rating to an “equal weight” rating in a research report that was made public on December 12. In addition, they increased the price target they had set for the stock from $228.00 to $232.00. StockNews.com released the findings of a research study on the topic of Vail Resorts on October 12, which was the first time the topic was covered. They recommended that shareholders “hold” their shares of the company. Stifel Nicolaus assigned the company a rating of “hold” in a research report that was made public on September 26, and the firm lowered its price target for Vail Resorts from $273.00 to $228.00 as a result of this action. In addition, the company’s price target was reduced from $273.00 to $228.00, reflecting the firm’s more bearish outlook. There is one analyst who recommends selling shares of the company, five analysts who say investors should hold onto their shares, two analysts who say investors should hold onto their shares, and two analysts who say investors should buy shares of the company. According to Bloomberg.com, the average rating for the company’s stock right now is “Hold,” and the price objective that most analysts have determined is $282.43.
On Thursday, the price of a single share of MTN stock was set at $242.39 when trading began. The lowest price over the past year for Vail Resorts was $201.91, and the highest was $335.32. The value of the current ratio is 1.21, the value of the quick ratio is 1.10, and the value of the debt-to-equity ratio is 1.78. All three ratios have similar values. The company’s market capitalization is $9.77 billion, and it has a price-to-earnings ratio of 28.42, a price-to-earnings-growth ratio of 0.62, and a beta value of 1.16. These metrics indicate that the company has adequate financial resources. The company’s moving averages for the past 50 days are currently sitting at $237.02, and the moving average for the past 200 days is currently at $231.07.
The most recent earnings report that Vail Resorts released was on September 28, which can be found here (NYSE: MTN). The company reported earnings per share for the quarter of $2.70, which was $0.21 higher than the consensus expectation of $2.91. The earnings were reported in U.S. dollars. Vail Resorts had a return on equity of 19.31%, while the company’s net margin came in at 13.32%. The sales for the company for the quarter came in at $267.14 million, a significant increase from the $262.00 million that industry analysts predicted to be the company’s sales for the quarter. The corporation reported a profit loss of $3.49 per share for the same period in the prior year’s financial statements. The previous year’s revenue was compared to the current year and found to have increased by 30.8%. According to the forecasts of specialists in equity research, Vail Resorts will bring in $8.99 in earnings per share for the current financial year.
Michael Z. Barkin, the Chief Financial Officer of Vail Resorts, sold 6,891 shares on Monday, December 12. The sale of the shares was completed at an average price of $258.92 per share, which brought the total value of the transaction up to $1,784,217.72. As a result of the successful completion of the sale, the chief financial officer now has direct ownership of 14,303 company shares, which together have a value of $3,703,332.76. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. Therefore, 1.15 percent of the total shares currently outstanding in the company are owned by company insiders.
Consequently, the proportions of the stock that institutional investors and hedge funds own have been rebalanced. Meeder Asset Management Inc. invested approximately $30,000 in Vail Resorts over the first three months of the year to establish a new position in the company. In the first three months of this year, Elequin Capital LP acquired a new interest in Vail Resorts, estimated to be worth approximately $41,000. The value of the new investment in Vail Resorts made by Raleigh Capital Management Inc. during the second quarter was 51 thousand dollars. By making additional purchases of Vail Resorts shares during the second quarter, Glassman Wealth Services was able to increase the value of the company’s stock holdings by 10,133.3%. During the most recent quarter, Glassman Wealth Services increased its company stock by 304 shares, bringing the total number of shares it holds to 307, with a value of $67,000 for those shares. During the third quarter of the fiscal year, Guardian Wealth Advisors LLC made a new investment in Vail Resorts worth $67,000. There are currently, 94.12% of the company’s shares owned by institutional investors.
Vail Resorts, Inc. oversees the operation of mountain resorts and regional ski areas across the entirety of the United States. The company does business through several different subsidiaries. It runs its operations through three distinct business divisions: lodging, real estate, and mountain operations. Mountain has regional ski facilities, and the 41 mountain resorts are considered destinations. In addition, this industry is involved in various ancillary businesses, including real estate brokerage, dining establishments, retail and rental businesses, and ski schools.
Source: news.google.com
