The stock of Vail Resorts, Inc. (NYSE:MTN) hit a new 52-week high and has $177.94 target or 8.00% above today’s $164.76 share price. The 8 months bullish chart indicates low risk for the $6.10 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $177.94 price target is reached, the company will be worth $488.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 82,393 shares traded hands. Vail Resorts, Inc. (NYSE:MTN) has risen 24.37% since April 21, 2016 and is uptrending. It has outperformed by 19.04% the S&P500.
Analysts await Vail Resorts, Inc. (NYSE:MTN) to report earnings on December, 5. They expect $-1.57 EPS, up 3.68% or $0.06 from last year’s $-1.63 per share. After $-1.80 actual EPS reported by Vail Resorts, Inc. for the previous quarter, Wall Street now forecasts -12.78% EPS growth.
Vail Resorts, Inc. (NYSE:MTN) Ratings Coverage
Out of 12 analysts covering Vail Resorts Inc. (NYSE:MTN), 11 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 92% are positive. Vail Resorts Inc. has been the topic of 21 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Macquarie Research on Monday, July 27. The firm has “Outperform” rating given on Friday, March 11 by Macquarie Research. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, March 8. The rating was upgraded by Wells Fargo on Thursday, October 20 to “Outperform”. Sterne Agee CRT initiated the shares of MTN in a report on Thursday, April 7 with “Buy” rating. The stock of Vail Resorts, Inc. (NYSE:MTN) has “Overweight” rating given on Thursday, March 17 by Stephens. The stock of Vail Resorts, Inc. (NYSE:MTN) has “Outperform” rating given on Friday, October 2 by JMP Securities. JMP Securities downgraded the shares of MTN in a report on Tuesday, December 8 to “Market Perform” rating. The rating was maintained by Janney Capital on Friday, June 10 with “Buy”. The firm has “Overweight” rating by KeyBanc Capital Markets given on Tuesday, August 23.
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.”
Insitutional Activity: The institutional sentiment increased to 1.44 in 2016 Q2. Its up 0.23, from 1.21 in 2016Q1. The ratio is positive, as 24 funds sold all Vail Resorts, Inc. shares owned while 85 reduced positions. 51 funds bought stakes while 81 increased positions. They now own 34.58 million shares or 2.75% less from 35.56 million shares in 2016Q1.
Jane Street Gru Limited Liability Corp reported 16,711 shares or 0.01% of all its holdings. Smithfield Tru owns 1,330 shares or 0.03% of their US portfolio. The California-based Rs Invest Management Limited Liability Company has invested 0.19% in Vail Resorts, Inc. (NYSE:MTN). Fincl Counselors holds 0.14% or 17,457 shares in its portfolio. Clarivest Asset Mngmt Limited Liability Company has invested 0.16% of its portfolio in Vail Resorts, Inc. (NYSE:MTN). Family Capital Tru Com, a Massachusetts-based fund reported 100 shares. D E Shaw And Incorporated holds 26,337 shares or 0.01% of its portfolio. Schwab Charles Inv Management Inc accumulated 114,606 shares or 0.02% of the stock. The Virginia-based Quantitative Invest Mngmt Ltd Llc has invested 0.27% in Vail Resorts, Inc. (NYSE:MTN). Next Fin Grp Inc owns 100 shares or 0% of their US portfolio. Coe Cap Mgmt Ltd owns 5,000 shares or 0% of their US portfolio. Invesco accumulated 838,199 shares or 0.04% of the stock. Dupont Cap Management holds 39,874 shares or 0.12% of its portfolio. Rice Hall James Associates Limited Liability Corp reported 68,470 shares or 0.55% of all its holdings. Duncker Streett And Communication Incorporated has 0% invested in the company for 4 shares.
Insider Transactions: Since September 28, 2016, the stock had 0 insider purchases, and 3 selling transactions for $1.52 million net activity. $731,043 worth of Vail Resorts, Inc. (NYSE:MTN) was sold by SORTE JOHN F on Wednesday, September 28. On Thursday, October 6 the insider Campbell Patricia A sold $45,713.
More notable recent Vail Resorts, Inc. (NYSE:MTN) news were published by: Wsj.com which released: “Vail Resorts to Buy Whistler Blackcomb” on August 08, 2016, also Prnewswire.com with their article: “Vail Resorts Announces Fiscal 2017 First Quarter Earnings Release Date” published on November 22, 2016, Marketwatch.com published: “Vail Resorts to acquire Whistler Blackcomb in C$1.39 billion deal” on August 08, 2016. More interesting news about Vail Resorts, Inc. (NYSE:MTN) were released by: Fool.com and their article: “Vail Resorts Inc. Appears on Its Way to Smoother (and Greater) Profits” published on March 27, 2016 as well as Fool.com‘s news article titled: “Why Shares of Vail Resorts, Inc. Popped 11% in August” with publication date: September 06, 2016.
MTN Company Profile
Vail Resorts, Inc., incorporated on October 15, 1985, is a holding company. The Firm operates through three divisions: Mountain, Lodging and Real Estate. The Company’s Mountain segment operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations. In the Lodging segment, the Company owns and/or manages a collection of luxury hotels and condominiums under its RockResorts brand, as well as other lodging properties and various condominiums located in proximity to the Company’s the Unites States mountain resorts; National Park Service (NPS) concessionaire properties, including the Grand Teton Lodge Company (GTLC), which operates destination resorts in Grand Teton National Park, Colorado Mountain Express (CME), and mountain resort golf courses. The Company’s Real Estate segment owns, develops and sells real estate in and around its resort communities.
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