Vail Resorts (NYSE:MTN) PT Raised to $182.00 at Morgan Stanley

Vail Resorts (NYSE:MTN) had its price target boosted by investment analysts at Morgan Stanley from $179.00 to $182.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential downside of 3.03% from the stock’s previous close.

Several other research analysts also recently weighed in on MTN. JPMorgan Chase & Co. downgraded shares of Vail Resorts from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $217.00 to $176.00 in a report on Friday, June 7th. Barclays lowered their target price on shares of Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a report on Friday, June 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $223.00 target price (down previously from $259.00) on shares of Vail Resorts in a report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a report on Monday, September 16th. Finally, Mizuho lowered their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a report on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $213.38.

Vail Resorts Stock Down 0.3 %

MTN traded down $0.64 during trading on Wednesday, hitting $187.68. 85,010 shares of the company’s stock were exchanged, compared to its average volume of 514,852. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 2.04. The business’s 50 day moving average is $179.37 and its two-hundred day moving average is $192.36. Vail Resorts has a fifty-two week low of $165.14 and a fifty-two week high of $244.34. The stock has a market cap of $7.06 billion, a P/E ratio of 25.61, a PEG ratio of 2.53 and a beta of 1.14.

Institutional Trading of Vail Resorts

A number of large investors have recently added to or reduced their stakes in MTN. The Manufacturers Life Insurance Company increased its holdings in Vail Resorts by 673.1% during the second quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock worth $114,481,000 after buying an additional 553,337 shares during the last quarter. First Pacific Advisors LP purchased a new stake in Vail Resorts during the second quarter worth about $62,466,000. APG Asset Management US Inc. purchased a new stake in Vail Resorts during the fourth quarter worth about $37,684,000. AQR Capital Management LLC increased its holdings in Vail Resorts by 1,063.7% during the second quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock worth $31,767,000 after buying an additional 161,820 shares during the last quarter. Finally, TPG GP A LLC increased its holdings in Vail Resorts by 17.4% during the second quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock worth $162,017,000 after buying an additional 133,607 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

About Vail Resorts

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.