Stock Analysis:Vail Resorts Inc (NYSE:MTN) Stock Target Raised
In a recent report revealed by Janney Capital on 8 December, Vail Resorts Inc (NYSE:MTN) had its Estimated Target Price lifted to $142.00. The firm now has a solid “Buy” rating on shares.
From a total of 8 analysts covering Vail Resorts Inc. (NYSE:MTN) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is $144 while the lowest target price is $125. The mean of all analyst targets is $135.5 with a 1.76% above today’s ($128.24) stock price. Vail Resorts Inc. was the topic of 11 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Bank of America maintained shares on December 8 with “Buy” rating. JMP Securities maintained shares with “Outperform” rating and $114 target share price in a report from an October 2. Goldman Sachs upgraded MTN stock in a recent report from December 8 to “Buy” rating. Macquarie Research initiated the rating on July 27. Macquarie Research has a “Outperform” rating and a $125 price target on shares. Finally, M Partners maintained the stock with “Neutral” rating in a report issued on a September 25.
The stock increased 2.12% or $2.66 on December 8, striking $128.24. Approximately 371,133 shares of stock traded hands or 63.74% up from the average. Vail Resorts, Inc. (NYSE:MTN) has risen 28.12% since May 6, 2015 and is uptrending. It has outperformed by 28.92% the S&P500.
Analysts await Vail Resorts, Inc. (NYSE:MTN) to reports earnings on December, 14. They expect $-1.79 EPS, up 12.68% or $0.26 from last year’s $-2.05 per share. After $-1.69 actual EPS reported by Vail Resorts, Inc. for the previous quarter, Wall Street now forecasts 5.92% negative EPS growth.
The overall sentiment of institutions has increased to 1.17 in Q2 2015. Its up 0.27, from 0.9 in 2015Q2. The ratio increased, as 22 institutions have sold all the shares of Vail Resorts, Inc. that they owned while 74 funds have taken shares off the table. 33 funds have purchased shares for the first time while 79 added to their positions. These institutions now hold 32.71 million shares or 8.60% less than the 35.79 million shares they owned in 2015Q2.
The Fund Moab Capital Partners Llc currently is holding shares equating to 5.03% of its total portfolio in Vail Resorts, Inc. representing a total of 136,470 shares. Another fund,Sandhill Capital Partners Llc, is holding a total of 139,757 shares equating to 4.89% of their holdings. Additionally, Independence Capital Asset Partners Llc has a 27,214 share stake in Vail Resorts, Inc. which represents 3.99% of their total portfolio. The Fund, American Assets Capital Advisers, based out of California, has also built up a stake in the stock, which represents a total of 3.71% of their total portfolio. Finally Iat Reinsurance Co Ltd., a fund which is based in the state of New York reported a total holdings of 150,800 shares.
Insider activity is a very important aspect to track on any stock. Going back to June 15, 2015, shareholders of Vail Resorts, Inc. have witnessed 0 insider purchases, and a total of 2 sales equating to a net activity of approximately $2.51 million . Carrig Blaise sold 10,078 shares worth approximately $1.06M. Schoppet Mark L sold 13,648 shares worth approximately $1.44M.
Vail Resorts, Inc. is a holding company. The company has a market cap of $4.60 billion. The Firm operates through three divisions: Mountain, Lodging and Real Estate. It has 42.04 P/E ratio. The Company’s Mountain segment operates around 10 mountain resort properties and two urban ski areas, as well as ancillary services, primarily including, ski school, dining and retail/rental operations.
According to Zacks Investment Research, “Vail Resorts, Inc. is one of the leading resort operators in North America. The company’s operations are grouped into two segments, Resort and Real Estate. In the company’s Resort segment, they own and operate resort properties which provide a comprehensive resort experience throughout the year to a diverse clientele with an attractive demographic profile. The company’s Real Estate segment develops, buys and sells real estate in and around the their resort communities.” Get a free copy of the Zacks research report on Vail Resorts, Inc. (MTN).