Stock Analysis:Whistler Blackcomb Holdings Inc (TSE:WB) Target Upped
In an interesting research report sent to clients and investors by TD Securities on Tuesday morning, Whistler Blackcomb Holdings Inc (TSE:WB) had its PT hiked to $27.00. The firm presently has a solid “Buy” rating on shares.
From a total of 6 analysts covering Whistler Blackcomb Holdings Inc. (TSE:WB) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 78% of the ratings are positive. The highest target price is $19.33 while the lowest target price is $16.77. The mean of all analyst targets is $18.11 with a 3.21% above today’s ($23.35) stock price. Whistler Blackcomb Holdings Inc. was the topic of 6 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 11 with “Outperform” rating.
Approximately 35,625 shares of stock traded hands or 156.74% up from the average. Whistler Blackcomb Holdings Inc (TSE:WB) has risen 26.66% since May 12, 2015 and is uptrending. It has outperformed by 30.34% the S&P500.
The overall sentiment of institutions has decreased to 0.89 in Q2 2015. Its down 1.00, from 1.89 in 2015Q2. The ratio turned negative, as 12 institutions have sold all the shares of Whistler Blackcomb Holdings Inc that they owned while 16 funds have taken shares off the table. 9 funds have purchased shares for the first time while 16 added to their positions. These institutions now hold 11.17 million shares or 4.75% less than the 11.73 million shares they owned in 2015Q2.
The Fund Index Management Solutions Llc currently is holding shares equating to 1.13% of its total portfolio in Whistler Blackcomb Holdings Inc representing a total of 97,177 shares. Another fund,Contrarius Investment Management Ltd, is holding a total of 573,886 shares equating to 0.66% of their holdings. Additionally, Pacific Alternative Asset Management Company Llc has a 37,454 share stake in Whistler Blackcomb Holdings Inc which represents 0.22% of their total portfolio. The Fund, Global X Management Co Llc, based out of New York, has also built up a stake in the stock, which represents a total of 0.08% of their total portfolio. Finally Discovery Capital Management Llc Ct, a fund which is based in the state of Connecticut reported a total holdings of 493,000 shares.
Whistler Blackcomb Holdings Inc. is a four season mountain resort that features two adjacent and integrated mountains, Whistler Mountain and Blackcomb Mountain, with 200 marked runs, over 8,000 acres of skiable terrain, 14 alpine bowls and three glaciers and is located adjacent to Whistler Village. The company has a market cap of $889.41 million. Whistler Blackcomb and the Resort Municipality of Whistler are located in the Coast Mountains of British Columbia, Canada, some 125 kilometers from Vancouver and 350 kilometers from Seattle, Washington. It has 43.38 P/E ratio. In addition to being a ski and snowboard destination, other activities available in the Resort Municipality of Whistler include mountain biking, golfing, hiking, fishing, swimming, canoeing, kayaking, white water rafting, tennis, in-line skating and sailing in the summer and snowmobiling, snowshoeing, cross-country skiing and skating in the winter.
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