Vail Resorts, Inc. (NYSE:MTN) Stock Has Average Target Price of $147.46 According to Brokerages

Key Points

• Vail Resorts has a consensus “Hold” rating from 15 analysts: eight recommend holding, four recommend buying and three recommend selling. The average 12-month price target is $147.46.
• Recent analyst actions were mixed, including downgrades from Weiss Ratings and BNP Paribas Exane, while Deutsche Bank and JPMorgan raised their price targets but maintained neutral or hold ratings.
• MTN opened at $136.08, down 1.3%, with institutional investors and hedge funds owning a substantial 94.9% of outstanding shares.

Vail Resorts, Inc. (NYSE:MTN - Get Free Report) has been given a consensus rating of "Hold" by the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $147.46.

Several brokerages have recently commented on MTN. Weiss Ratings cut Vail Resorts from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, September 14th. UBS Group reiterated a "neutral" rating on shares of Vail Resorts in a research report on Friday, September 18th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Vail Resorts from $134.00 to $138.00 and gave the stock a "hold" rating in a report on Friday, September 18th. BNP Paribas Exane downgraded shares of Vail Resorts from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $151.00 to $135.00 in a research note on Monday, September 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of Vail Resorts from $124.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 9th.

Vail Resorts Stock Down 1.3%

NYSE MTN opened at $136.08 on Friday. The stock's 50 day simple moving average is $144.07 and its 200 day simple moving average is $136.89. Vail Resorts has a one year low of $118.51 and a one year high of $163.34. The firm has a market cap of $4.85 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 9.44 and a beta of 0.69. 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 Investors Weigh In On Vail Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in MTN. Bamco Inc. NY bought a new stake in shares of Vail Resorts during the second quarter worth approximately $889,971,000. BlackRock Inc. acquired a new position in shares of Vail Resorts in the 2nd quarter valued at $464,712,000. Capital World Investors boosted its position in shares of Vail Resorts by 6.1% in the 4th quarter. Capital World Investors now owns 3,196,445 shares of the company's stock worth $424,488,000 after purchasing an additional 182,982 shares during the last quarter. Oasis Management Co Ltd. boosted its position in shares of Vail Resorts by 8.3% in the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company's stock worth $245,844,000 after purchasing an additional 141,500 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Vail Resorts by 26.0% during the first quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company's stock worth $125,334,000 after purchasing an additional 201,750 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

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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