Morgan Stanley Has Lowered Expectations for Vail Resorts (NYSE:MTN) Stock Price

Key Points

• Morgan Stanley has lowered its target price for Vail Resorts (NYSE:MTN) from $155.00 to $146.00, indicating a potential downside of 2.76% from the stock's previous close.
• Several other analysts have also reduced their price targets for Vail Resorts, with Barclays setting a new target of $145.00 while UBS adjusted theirs to $169.00.
• The company's recent earnings report showed a loss of ($5.08) per share, missing estimates, while revenue was slightly below expectations at $271.29 million.

Vail Resorts (NYSE:MTN - Get Free Report) had its target price decreased by investment analysts at Morgan Stanley from $155.00 to $146.00 in a report released on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's target price points to a potential downside of 2.76% from the stock's previous close.

A number of other equities analysts have also weighed in on MTN. Barclays lowered their price target on shares of Vail Resorts from $152.00 to $145.00 and set an "underweight" rating on the stock in a research report on Tuesday. UBS Group decreased their price target on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. Stifel Nicolaus reissued a "buy" rating and set a $175.00 target price (down from $180.00) on shares of Vail Resorts in a research note on Tuesday. Truist Financial decreased their price target on shares of Vail Resorts from $244.00 to $237.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Mizuho dropped their price objective on shares of Vail Resorts from $216.00 to $195.00 and set an "outperform" rating on the stock in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $174.90.

Vail Resorts Stock Up 0.4%

Shares of MTN traded up $0.58 during trading hours on Wednesday, hitting $150.15. The company had a trading volume of 430,022 shares, compared to its average volume of 677,224. The company has a current ratio of 0.61, a quick ratio of 0.54 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $5.58 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.95 and a beta of 0.87. The company's fifty day moving average price is $153.15 and its two-hundred day moving average price is $152.58. Vail Resorts has a one year low of $129.85 and a one year high of $199.45.

Vail Resorts (NYSE:MTN - Get Free Report) last released its earnings results on Monday, September 29th. The company reported ($5.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.75) by ($0.33). The firm had revenue of $271.29 million during the quarter, compared to analyst estimates of $272.87 million. Vail Resorts had a net margin of 9.45% and a return on equity of 30.03%. Vail Resorts's revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned ($4.67) earnings per share. As a group, equities analysts forecast that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vail Resorts

Institutional investors and hedge funds have recently made changes to their positions in the business. Argonautica Private Wealth Management Inc. raised its stake in Vail Resorts by 4.9% in the 2nd quarter. Argonautica Private Wealth Management Inc. now owns 1,719 shares of the company's stock valued at $270,000 after purchasing an additional 81 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Vail Resorts by 3.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,896 shares of the company's stock valued at $455,000 after acquiring an additional 94 shares during the period. State of Michigan Retirement System increased its stake in Vail Resorts by 1.1% during the first quarter. State of Michigan Retirement System now owns 9,000 shares of the company's stock worth $1,440,000 after acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Vail Resorts by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the company's stock worth $1,680,000 after acquiring an additional 100 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in shares of Vail Resorts by 0.7% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 16,585 shares of the company's stock worth $2,606,000 after purchasing an additional 108 shares during the period. 94.90% of the stock is currently owned by hedge funds and other 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.

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