Vail Resorts (NYSE:MTN) Price Target Cut to $229.00

Vail Resorts (NYSE:MTN) had its price target lowered by research analysts at Morgan Stanley from $242.00 to $229.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 11.83% from the company’s current price.

MTN has been the topic of several other reports. Truist Financial reiterated a “buy” rating and issued a $290.00 target price on shares of Vail Resorts in a research note on Friday, January 19th. Mizuho started coverage on Vail Resorts in a research note on Tuesday, March 26th. They issued a “buy” rating and a $256.00 price target on the stock. Stifel Nicolaus restated a “buy” rating and issued a $263.00 price target on shares of Vail Resorts in a research note on Friday, March 22nd. JPMorgan Chase & Co. decreased their price target on Vail Resorts from $252.00 to $243.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Bank of America downgraded Vail Resorts from a “buy” rating to a “neutral” rating and decreased their price target for the company from $285.00 to $250.00 in a research note on Friday, March 8th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $260.11.

Vail Resorts Trading Up 1.0 %

MTN opened at $204.77 on Monday. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 2.17 and a beta of 1.11. Vail Resorts has a 52 week low of $200.51 and a 52 week high of $258.13. The business’s 50 day moving average is $224.09 and its two-hundred day moving average is $221.19. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing the consensus estimate of $6.07 by ($0.31). Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the business posted $5.16 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, research analysts predict that Vail Resorts will post 7.69 EPS for the current year.

Insiders Place Their Bets

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the sale, the director now directly owns 7,592 shares in the company, valued at $1,691,269.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Vail Resorts

A number of institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its holdings in shares of Vail Resorts by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $2,429,000 after acquiring an additional 200 shares during the last quarter. IFM Investors Pty Ltd acquired a new position in shares of Vail Resorts in the first quarter worth $1,708,000. First Trust Direct Indexing L.P. acquired a new position in shares of Vail Resorts in the first quarter worth $202,000. Azzad Asset Management Inc. ADV raised its holdings in shares of Vail Resorts by 15.7% in the first quarter. Azzad Asset Management Inc. ADV now owns 9,218 shares of the company’s stock worth $2,054,000 after acquiring an additional 1,253 shares during the last quarter. Finally, State of Michigan Retirement System raised its holdings in shares of Vail Resorts by 2.2% in the first quarter. State of Michigan Retirement System now owns 9,300 shares of the company’s stock worth $2,072,000 after acquiring an additional 200 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.