Vail Resorts Maintains Dividend Appeal Despite Earnings and Guidance Revisions
Vail Resorts, Inc. (NYSE:MTN) is one of the 10 best dividend stocks according to Jim Cramer.
The company received a Hold rating from Morgan Stanley, with a price target of $146.
An aerial view of a mountain resort, its snow-capped peaks and lush ski slopes revealed in all their glory.
Headquartered in Colorado, Vail Resorts, Inc. (NYSE:MTN) is a mountain resort company that owns and operates a network of resorts, hotels, and real estate properties across the globe. The company provides experience related to skiing, snowboarding, and other mountain-based activities. Additionally, it also offers lodging and retail services to its customers.
Vail Resorts, Inc. (NYSE:MTN) held its Q3 earnings call earlier this month. The company reported a 3% growth in resort-reported EBITDA year-to-date and a 4% increase in season pass revenue. However, the lower-than-expected lift ticket visitation, in addition to one-time costs related to Rob Katz's succession to Kirsten Lynch as the company's CEO, has caused the company to adjust its fiscal 2025 guidance.
Following the earnings call, Morgan Stanley has given a Hold rating for the stock, with a price target of $146. The company's share price when closing on Tuesday was $155.76.
With a dividend yield of 5.71%, Vail Resorts, Inc. (NYSE:MTN) gains a position on our list. Though the payout ratio of 113.12% highlights riskiness, 4 years of consecutive dividend growth keep the stock appealing to income-seeking investors.
While we acknowledge the potential of MTN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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