Vail Resorts (NYSE:MTN) Stock Rating Upgraded by Zacks Research

Vail Resorts (NYSE:MTN) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports. Zacks Research also issued estimates for Vail Resorts’ Q2 2028 earnings at $6.23 EPS.

Several other equities analysts have also recently commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Vail Resorts in a report on Tuesday, July 7th. Stifel Nicolaus cut their price objective on Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. UBS Group reissued a “neutral” rating on shares of Vail Resorts in a research report on Tuesday, June 9th. Mizuho set a $174.00 target price on Vail Resorts in a research note on Tuesday, June 9th. Finally, Barclays dropped their target price on Vail Resorts from $138.00 to $119.00 and set an “underweight” rating on the stock in a research report on Tuesday, June 9th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and a consensus target price of $151.45.

Vail Resorts Stock Performance

MTN stock opened at $149.76 on Monday. The firm has a 50 day simple moving average of $141.86 and a 200 day simple moving average of $135.69. Vail Resorts has a 52 week low of $118.51 and a 52 week high of $165.50. The stock has a market cap of $5.34 billion, a P/E ratio of 34.04, a P/E/G ratio of 9.85 and a beta of 0.70. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the company posted $10.54 EPS. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. Research analysts anticipate that Vail Resorts will post 4.31 earnings per share for the current fiscal year.

Institutional Trading of Vail Resorts

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hardy Reed LLC bought a new stake in shares of Vail Resorts during the 2nd quarter worth $349,000. Handelsbanken Fonder AB raised its holdings in Vail Resorts by 7.7% in the 2nd quarter. Handelsbanken Fonder AB now owns 9,800 shares of the company’s stock worth $1,334,000 after acquiring an additional 700 shares during the period. Eldred Rock Partners LLC raised its holdings in Vail Resorts by 7.2% in the 2nd quarter. Eldred Rock Partners LLC now owns 87,702 shares of the company’s stock worth $11,941,000 after acquiring an additional 5,915 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Vail Resorts by 19,217.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 5,602 shares of the company’s stock worth $763,000 after acquiring an additional 5,573 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Vail Resorts during the 1st quarter worth $969,000. 94.90% of the stock is currently owned by institutional investors and hedge funds.

About Vail Resorts

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.