Vail Resorts (NYSE:MTN) Price Target Cut to $155.00

Vail Resorts (NYSE:MTN) had its price target cut by analysts at Barclays from $161.00 to $155.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s target price indicates a potential downside of 14.18% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the stock. Mizuho cut their price objective on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Morgan Stanley upped their price objective on shares of Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. cut shares of Vail Resorts from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $217.00 to $176.00 in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft reduced their target price on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a report on Monday, September 16th. Finally, Stifel Nicolaus dropped their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating on the stock in a report on Friday. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $211.75.

Vail Resorts Price Performance

Shares of NYSE MTN opened at $180.61 on Friday. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 2.56 and a beta of 1.14. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18. Vail Resorts has a fifty-two week low of $165.14 and a fifty-two week high of $242.47. The firm’s 50-day simple moving average is $179.54 and its 200 day simple moving average is $191.72.

Vail Resorts (NYSE:MTN) last posted its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). The company had revenue of $265.39 million during the quarter, compared to the consensus estimate of $264.84 million. Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($3.35) EPS. As a group, research analysts anticipate that Vail Resorts will post 6.44 earnings per share for the current fiscal year.

Institutional Trading of Vail Resorts

Several hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Vail Resorts by 27.9% in the 1st quarter. GAMMA Investing LLC now owns 257 shares of the company’s stock worth $57,000 after buying an additional 56 shares during the period. Park Avenue Securities LLC grew its position in shares of Vail Resorts by 2.1% in the first quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock valued at $668,000 after purchasing an additional 62 shares in the last quarter. Fairbanks Capital Management Inc. raised its stake in shares of Vail Resorts by 2.5% during the 2nd quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock valued at $462,000 after purchasing an additional 63 shares during the period. Artemis Investment Management LLP lifted its holdings in Vail Resorts by 4.6% during the 2nd quarter. Artemis Investment Management LLP now owns 1,700 shares of the company’s stock worth $306,000 after purchasing an additional 75 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Vail Resorts by 8.5% during the 1st quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock worth $221,000 after purchasing an additional 78 shares in the last quarter. 94.94% of the stock is currently owned by institutional investors.

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.