Morgan Stanley Has Lowered Expectations for Vail Resorts (NYSE:MTN) Stock Price

Vail Resorts (NYSE:MTN) had its target price reduced by equities research analysts at Morgan Stanley from $197.00 to $178.00 in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 10.10% from the company’s previous close.

A number of other equities research analysts have also weighed in on MTN. Macquarie boosted their price objective on shares of Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Barclays reaffirmed an “underweight” rating and issued a $152.00 price target (down from $165.00) on shares of Vail Resorts in a report on Monday. Stifel Nicolaus upped their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $193.56.

Vail Resorts Stock Performance

Shares of NYSE:MTN opened at $161.68 on Tuesday. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. Vail Resorts has a 52 week low of $151.99 and a 52 week high of $233.57. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The firm has a 50 day moving average of $167.95 and a 200 day moving average of $175.86.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, beating analysts’ consensus estimates of $6.29 by $0.27. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.76 earnings per share. On average, sell-side analysts predict that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new position in shares of Vail Resorts during the 3rd quarter worth about $25,000. Heck Capital Advisors LLC acquired a new position in shares of Vail Resorts during the 4th quarter worth about $33,000. Blue Trust Inc. raised its position in shares of Vail Resorts by 246.7% during the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after purchasing an additional 148 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Vail Resorts during the 4th quarter worth about $40,000. Finally, GeoWealth Management LLC raised its position in shares of Vail Resorts by 162.2% during the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock worth $55,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds 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.