Berenberg Bank Maintains Their Hold Rating on Vail Resorts (MTN)
In a report released today, Alex Maroccia from Berenberg Bank maintained a Hold rating on Vail Resorts (MTN), with a price target of $279.00. The company’s shares closed last Friday at $279.79, close to its 52-week high of $300.00.
According to TipRanks.com, Maroccia is a 5-star analyst with an average return of 41.0% and a 90.7% success rate. Maroccia covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Floor & Decor Holdings, and Fox Factory Holding.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vail Resorts with a $282.11 average price target.
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Based on Vail Resorts’ latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $132 million and GAAP net loss of $154 million. In comparison, last year the company earned revenue of $268 million and had a GAAP net loss of $106 million.
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Vail Resorts, Inc. is a holding company, which engages in the operation of mountain resorts. It operates through the following segments: Mountain, Lodging, and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas, and related activities. The Lodging segment includes ownership of hotels, condominium management, Colorado resort ground transportation company, and mountain resort golf courses. The Real Estate segment holds real property at mountain resorts primarily throughout Summit and Eagle Counties in Colorado. The company was founded by Pete Seibert and Earl Eaton in March 1957 and is headquartered in Broomfield, CO.