Vail Resorts: Strong Skier Visits and Surpassing EBITDA Drive Buy Rating

Mizuho Securities analyst Benjamin Chaiken has maintained their bullish stance on MTN stock, giving a Buy rating on March 5.

Benjamin Chaiken has given his Buy rating due to a combination of factors, including stronger-than-expected skier visits in the second quarter, which increased by 6.8%. This performance exceeded expectations, especially considering the challenging early season conditions and fewer operating days due to a calendar shift. The improvement in skier visits compared to the previous year’s decline indicates a positive trend for the company.
Additionally, Vail Resorts reported a second-quarter EBITDA of $458 million, surpassing both the analyst’s estimate of $442 million and the Street’s expectation of $449 million. The updated full-year Resort EBITDA guidance remains strong, with a range of $841 million to $877 million, adjusted for foreign exchange impacts. These financial results and projections support the Buy rating, suggesting confidence in the company’s ability to deliver solid performance moving forward.

MTN’s price has also changed moderately for the past six months – from $179.100 to $153.580, which is a -14.25% drop .