UBS Group Lowers Vail Resorts (NYSE:MTN) Price Target to $169.00

Vail Resorts (NYSE:MTN) had its target price decreased by stock analysts at UBS Group from $185.00 to $169.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target points to a potential upside of 10.00% from the stock’s current price.

A number of other research firms have also recently commented on MTN. Bank of America upped their price objective on Vail Resorts from $160.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, May 28th. Macquarie reduced their price target on shares of Vail Resorts from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Barclays reissued an “underweight” rating and issued a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Vail Resorts in a report on Friday, June 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vail Resorts from $183.00 to $171.00 and set a “hold” rating on the stock in a research report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $187.20.

Vail Resorts Stock Performance

Shares of MTN stock opened at $153.63 on Wednesday. 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 company has a 50 day moving average price of $145.98 and a 200-day moving average price of $162.89. Vail Resorts has a 52 week low of $129.85 and a 52 week high of $199.45. The firm has a market capitalization of $5.74 billion, a PE ratio of 25.52, a P/E/G ratio of 1.93 and a beta of 0.91.

Vail Resorts (NYSE:MTN) last issued its earnings results on Thursday, June 5th. The company reported $10.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.00 by $0.54. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $9.54 earnings per share. As a group, equities research analysts expect that Vail Resorts will post 7.62 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. SouthState Corp purchased a new stake in Vail Resorts in the 1st quarter worth $29,000. Heck Capital Advisors LLC purchased a new stake in shares of Vail Resorts during the fourth quarter worth about $33,000. Golden State Wealth Management LLC grew its position in shares of Vail Resorts by 102.5% during the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company’s stock worth $39,000 after purchasing an additional 123 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in Vail Resorts during the 1st quarter valued at approximately $40,000. Finally, GAMMA Investing LLC boosted its stake in Vail Resorts by 75.3% in the 1st quarter. GAMMA Investing LLC now owns 270 shares of the company’s stock worth $43,000 after purchasing an additional 116 shares during the period. 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.