Vail Resorts Stock Hits 52 Week High

Vail Resorts (NYSE:MTN)’s share price hit a new 52-week high during trading on Monday after Credit Suisse Group AG raised their price target on the stock from $105.00 to $115.00, ARN reports. The company traded as high as $105.57 and last traded at $104.47, with a volume of 86,407 shares. The stock had previously closed at $104.35.
MTN has been the subject of a number of other recent research reports. Analysts at KeyBanc raised their price target on shares of Vail Resorts from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, April 1st. Analysts at Zacks upgraded shares of Vail Resorts from a “neutral” rating to an “outperform” rating and set a $102.50 price target on the stock in a research note on Tuesday, March 17th. Analysts at Barclays raised their price target on shares of Vail Resorts from $97.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. Finally, analysts at MKM Partners raised their price target on shares of Vail Resorts from $103.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $100.69.
The stock’s 50-day moving average is $92. and its 200-day moving average is $88.. The company has a market cap of $3.81 billion and a price-to-earnings ratio of 41.92.
Vail Resorts (NYSE:MTN) last released its earnings data on Thursday, March 12th. The company reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.80. The company had revenue of $530.24 million for the quarter, compared to the consensus estimate of $533.83 million. During the same quarter in the previous year, the company posted $1.60 earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. Analysts expect that Vail Resorts will post $3.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend , which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.6225 per share. This represents a $2.49 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Friday, March 27th. This is a boost from Vail Resorts’s previous quarterly dividend of $0.42.
Vail Resorts, Inc is a holding company. The Company operates through its various subsidiaries in three business segments: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates approximately eight mountain resort properties and two urban ski areas as well as ancillary services, primarily including ski school, dining and retail/rental operations.