Vail Resorts (MTN) Receives a Hold from J.P. Morgan
J.P. Morgan analyst Matthew Boss maintained a Hold rating on Vail Resorts yesterday and set a price target of $124.00. The company’s shares closed yesterday at $119.02.
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Boss covers the Consumer Cyclical sector, focusing on stocks such as Royal Caribbean, Five Below, and Norwegian Cruise Line. According to TipRanks, Boss has an average return of 6.6% and a 53.56% success rate on recommended stocks.
In addition to J.P. Morgan, Vail Resorts also received a Hold from Bank of America Securities’s Shaun Kelley in a report issued yesterday. However, on the same day, Jefferies reiterated a Buy rating on Vail Resorts (NYSE: MTN).
Based on Vail Resorts’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.08 billion and a net profit of $210.01 million. In comparison, last year the company earned a revenue of $1.14 billion and had a net profit of $245.55 million
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MTN in relation to earlier this year. Last month, Korch Angela A, the EVP & CFO of MTN bought 190.00 shares for a total of $25,051.50.
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