Barclays Positive Long-Term View on Vail Resorts (MTN); Adjusting Estimates as Spring Season Passes Increase
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Price: $146.60 -1.15%
Rating Summary:
13 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
13 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Barclays maintains an 'Overweight' on Vail Resorts (NYSE: MTN) price target of $49.00.
Analyst, Felicia R. Hendrix, said, "Vail Resorts' FY3Q12 results underscore the success of the company's strategy. Spring season pass sales for 2012/2013 (adjusted as if Kirkwood was owned in both periods) increased 17% in units and 22% in dollars. Int'l up 30% along with strong season pass sales at Lake Tahoe."
Hendrix raises Q4 loss from (1.73) to (1.71), lowers FY12 from $0.31 to $0.23 and raises FY13 from $1.03 to $1.09. She bumps up FY13 with the expectation that snowfall will normalize, and overall her estimate could prove conservative.
For an analyst ratings summary and ratings history on Vail Resorts click here. For more ratings news on Vail Resorts click here.
Shares of Vail Resorts closed at $47.00 yesterday.
Analyst, Felicia R. Hendrix, said, "Vail Resorts' FY3Q12 results underscore the success of the company's strategy. Spring season pass sales for 2012/2013 (adjusted as if Kirkwood was owned in both periods) increased 17% in units and 22% in dollars. Int'l up 30% along with strong season pass sales at Lake Tahoe."
Hendrix raises Q4 loss from (1.73) to (1.71), lowers FY12 from $0.31 to $0.23 and raises FY13 from $1.03 to $1.09. She bumps up FY13 with the expectation that snowfall will normalize, and overall her estimate could prove conservative.
For an analyst ratings summary and ratings history on Vail Resorts click here. For more ratings news on Vail Resorts click here.
Shares of Vail Resorts closed at $47.00 yesterday.
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