Vail Resorts (NYSE:MTN) Stock Rating Lowered by BNP Paribas Exane

Key Points

• BNP Paribas Exane downgraded Vail Resorts from “outperform” to “neutral” and set a $135 price target, implying 3.57% downside from the reported $139.99 share price.
• Analyst sentiment is mixed: four analysts rate the stock a Buy, eight a Hold, and three a Sell, producing an overall “Hold” consensus and an average price target of $149.
• Vail Resorts is heavily institutionally owned, with institutional investors holding 94.9% of shares; the stock has traded between $118.51 and $163.34 over the past year.

Vail Resorts (NYSE:MTN - Get Free Report) was downgraded by equities researchers at BNP Paribas Exane from an "outperform" rating to a "neutral" rating in a report issued on Monday, Marketbeat.com reports. They currently have a $135.00 price objective on the stock. BNP Paribas Exane's target price points to a potential downside of 3.57% from the company's current price.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus cut their price target on shares of Vail Resorts from $172.00 to $167.00 and set a "buy" rating on the stock in a report on Tuesday, June 9th. Weiss Ratings downgraded shares of Vail Resorts from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, September 14th. Zacks Research upgraded shares of Vail Resorts from a "strong sell" rating to a "hold" rating in a research note on Monday, August 3rd. Truist Financial dropped their price objective on Vail Resorts from $212.00 to $195.00 and set a "buy" rating on the stock in a research note on Tuesday, June 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Vail Resorts from $134.00 to $138.00 and gave the company a "hold" rating in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $149.00.

Vail Resorts Stock Up 0.1%

MTN opened at $139.99 on Monday. Vail Resorts has a fifty-two week low of $118.51 and a fifty-two week high of $163.34. The firm has a market capitalization of $4.99 billion, a P/E ratio of 31.82, a PEG ratio of 9.31 and a beta of 0.69. The company's 50-day moving average is $145.09 and its 200 day moving average is $136.87. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MTN. Bamco Inc. NY purchased a new position in shares of Vail Resorts in the second quarter valued at $889,971,000. BlackRock Inc. purchased a new position in Vail Resorts during the 2nd quarter valued at about $464,712,000. Capital World Investors lifted its holdings in shares of Vail Resorts by 6.1% in the fourth quarter. Capital World Investors now owns 3,196,445 shares of the company's stock worth $424,488,000 after buying an additional 182,982 shares in the last quarter. Oasis Management Co Ltd. boosted its position in shares of Vail Resorts by 8.3% in the fourth quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company's stock valued at $245,844,000 after acquiring an additional 141,500 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Vail Resorts by 26.0% during the first quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company's stock valued at $125,334,000 after acquiring an additional 201,750 shares in the last quarter. 94.90% of the stock is owned by institutional investors.

Vail Resorts Company Profile

Vail Resorts, Inc is a mountain resort company that operates a portfolio of ski and summer resorts, primarily in the United States, Canada and Australia. Its properties offer skiing, snowboarding and other outdoor recreational activities, along with lodging, dining, retail, equipment rentals, lessons and related guest services.

The company's resort portfolio includes well-known destinations such as Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Whistler Blackcomb in British Columbia; and Perisher in New South Wales, Australia.

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