Vail Resorts (MTN) Gets a Hold from Morgan Stanley
In a report released today, Stephen Grambling from Morgan Stanley maintained a Hold rating on Vail Resorts, with a price target of $147.00.
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Grambling covers the Consumer Cyclical sector, focusing on stocks such as Vail Resorts, Polaris, and Wynn Resorts. According to TipRanks, Grambling has an average return of 5.6% and a 57.70% success rate on recommended stocks.
In addition to Morgan Stanley, Vail Resorts also received a Hold from Bank of America Securities’s Shaun Kelley in a report issued yesterday. However, on March 18, Barclays maintained a Sell 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. Earlier this month, Robert A. Katz, the CEO & Chairperson of the Board of MTN bought 37,500.00 shares for a total of $4,942,875.00.
Read More on MTN:
Disclaimer & DisclosureReport an Issue
- Balanced View on Vail: Strategic Progress and Long-Term Upside Offset by Near-Term Execution and Demand Risks
- Vail Resorts targeting 3%-5% long-term revenue growth for FY28-FY30
- Vail Resorts Shares Updated Outlook at Investor Conference
- Vail Resorts CEO buys $4.94M in common stock
- Vail Resorts price target lowered to $147 from $151 at Morgan Stanley
