Mizuho Forecasts Strong Price Appreciation for Vail Resorts (NYSE:MTN) Stock

Vail Resorts (NYSE:MTN - Get Free Report) had its price objective hoisted by equities researchers at Mizuho from $215.00 to $216.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's price target points to a potential upside of 43.07% from the company's previous close.

Several other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. upgraded Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective on the stock in a report on Wednesday, May 28th. Morgan Stanley set a $146.00 target price on Vail Resorts and gave the company an "equal weight" rating in a research report on Friday. Truist Financial reduced their price target on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a research report on Friday. Macquarie lowered their price objective on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a report on Thursday, May 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Vail Resorts currently has a consensus rating of "Hold" and an average price target of $188.80.

Vail Resorts Trading Down 2.5%

MTN stock traded down $3.92 during mid-day trading on Friday, hitting $150.98. 1,291,195 shares of the company were exchanged, compared to its average volume of 583,789. Vail Resorts has a 12-month low of $129.85 and a 12-month high of $199.45. The firm has a market capitalization of $5.64 billion, a P/E ratio of 25.08, a PEG ratio of 1.93 and a beta of 0.91. The business has a fifty day simple moving average of $145.78 and a 200-day simple moving average of $163.84. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, beating the consensus estimate of $10.00 by $0.54. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $9.54 EPS. On average, equities research analysts predict that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Insider Activity

In other Vail Resorts news, CFO Angela A. Korch bought 185 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $160.00 per share, with a total value of $29,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,956 shares of the company's stock, valued at $472,960. This represents a 6.68% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in Vail Resorts by 246.7% in the fourth quarter. Blue Trust Inc. now owns 208 shares of the company's stock valued at $36,000 after purchasing an additional 148 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Vail Resorts by 17.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,232 shares of the company's stock valued at $5,187,000 after buying an additional 4,080 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Vail Resorts by 18.1% in the 4th quarter. Bleakley Financial Group LLC now owns 3,796 shares of the company's stock valued at $712,000 after buying an additional 582 shares in the last quarter. Entropy Technologies LP grew its position in shares of Vail Resorts by 47.4% in the 4th quarter. Entropy Technologies LP now owns 4,537 shares of the company's stock valued at $850,000 after buying an additional 1,458 shares during the last quarter. Finally, Equitable Trust Co. acquired a new stake in Vail Resorts during the 4th quarter worth $1,640,000. 94.94% of the stock is owned by institutional investors and hedge funds.

About Vail Resorts

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.

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