Truist Financial Cuts Vail Resorts (NYSE:MTN) Price Target to $217.00

Vail Resorts (NYSE:MTNFree Report) had its price target reduced by Truist Financial from $234.00 to $217.00 in a research note released on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. UBS Group reiterated a “neutral” rating and issued a $169.00 target price on shares of Vail Resorts in a report on Friday, January 16th. Barclays set a $140.00 target price on shares of Vail Resorts in a research note on Wednesday, February 4th. Morgan Stanley set a $150.00 target price on shares of Vail Resorts in a report on Friday, January 16th. Finally, Jefferies Financial Group upgraded shares of Vail Resorts from a “hold” rating to a “buy” rating and lifted their price target for the stock from $159.00 to $165.00 in a research report on Tuesday, January 13th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $165.00.

Read Our Latest Report on Vail Resorts

Vail Resorts Stock Down 2.5%

MTN opened at $135.05 on Tuesday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.46 and a current ratio of 0.62. The company has a market capitalization of $4.83 billion, a PE ratio of 22.03, a P/E/G ratio of 8.56 and a beta of 0.78. The stock’s fifty day moving average is $137.69 and its 200-day moving average is $144.73. Vail Resorts has a one year low of $126.15 and a one year high of $175.51.

Vail Resorts (NYSE:MTNGet Free Report) last announced its earnings results on Monday, March 9th. The company reported $5.87 earnings per share for the quarter, missing the consensus estimate of $6.06 by ($0.19). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.11 billion. Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $6.56 EPS. On average, equities analysts predict that Vail Resorts will post 7.62 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th will be issued a $2.22 dividend. This represents a $8.88 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Thursday, March 26th. Vail Resorts’s dividend payout ratio (DPR) is presently 144.86%.

Institutional Investors Weigh In On Vail Resorts

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in shares of Vail Resorts by 2.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 121,123 shares of the company’s stock valued at $19,382,000 after acquiring an additional 3,440 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Vail Resorts by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,235 shares of the company’s stock worth $23,721,000 after purchasing an additional 2,824 shares during the period. Parkside Financial Bank & Trust grew its position in Vail Resorts by 222.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock worth $33,000 after purchasing an additional 147 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Vail Resorts by 196.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after purchasing an additional 124 shares in the last quarter. Finally, Allworth Financial LP raised its stake in Vail Resorts by 19.5% during the 2nd quarter. Allworth Financial LP now owns 717 shares of the company’s stock valued at $113,000 after purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 94.90% of the company’s stock.

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About Vail Resorts

(Get Free Report)

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.

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Analyst Recommendations for Vail Resorts (NYSE:MTN)

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