Deutsche Bank Aktiengesellschaft Increases Vail Resorts (NYSE:MTN) Price Target to $196.00

Vail Resorts (NYSE:MTN) had its target price lifted by investment analysts at Deutsche Bank Aktiengesellschaft from $185.00 to $196.00 in a note issued to investors on Monday. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 0.29% from the stock’s current price.

MTN has been the subject of several other research reports. Macquarie reissued a “neutral” rating and issued a $180.00 price objective on shares of Vail Resorts in a report on Wednesday, October 2nd. Morgan Stanley boosted their price target on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Stifel Nicolaus cut their price objective on shares of Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a report on Friday, September 27th. UBS Group started coverage on shares of Vail Resorts in a research note on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price objective for the company. Finally, StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and an average price target of $204.00.

Vail Resorts Stock Up 2.5 %

Vail Resorts stock opened at $195.44 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 2.62. The company has a market capitalization of $7.33 billion, a P/E ratio of 32.41, a P/E/G ratio of 1.97 and a beta of 1.14. The firm has a 50 day moving average price of $176.27 and a 200-day moving average price of $178.67. Vail Resorts has a twelve month low of $165.00 and a twelve month high of $236.92.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating the consensus estimate of ($4.99) by $0.38. The business had revenue of $260.28 million during the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. Vail Resorts’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned ($4.60) earnings per share. As a group, equities analysts predict that Vail Resorts will post 7.23 EPS for the current year.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch acquired 165 shares of Vail Resorts stock in a transaction dated Thursday, October 3rd. The shares were purchased at an average cost of $173.09 per share, with a total value of $28,559.85. Following the completion of the purchase, the chief financial officer now owns 2,187 shares of the company’s stock, valued at $378,547.83. This represents a 8.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert A. Katz sold 9,296 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the sale, the insider now directly owns 245,961 shares of the company’s stock, valued at approximately $43,284,216.78. This trade represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Vail Resorts

A number of institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC bought a new stake in Vail Resorts during the 2nd quarter valued at $257,000. GPS Wealth Strategies Group LLC raised its position in Vail Resorts by 37.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 479 shares of the company’s stock valued at $86,000 after purchasing an additional 130 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Vail Resorts by 25.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,988 shares of the company’s stock worth $1,439,000 after buying an additional 1,626 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Vail Resorts by 620.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 16,610 shares of the company’s stock worth $2,992,000 after buying an additional 14,303 shares during the last quarter. Finally, Triad Wealth Partners LLC purchased a new position in shares of Vail Resorts during the second quarter valued at approximately $51,000. 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.