Morgan Stanley Issues Positive Forecast for Vail Resorts (NYSE:MTN) Stock Price

Key Points

• Morgan Stanley has raised its price target for Vail Resorts from $146.00 to $155.00, indicating a potential upside of 4.12% from the current stock price.
• Other analysts have mixed opinions on MTN, with Truist Financial maintaining a "buy" rating, while Mizuho and Deutsche Bank updated their price targets, contributing to an overall average rating of "Hold."
• Vail Resorts' shares traded at $148.87 recently, with significant institutional investment, as 94.90% of the stock is owned by institutional investors.

Vail Resorts (NYSE:MTN - Get Free Report) had its price objective raised by stock analysts at Morgan Stanley from $146.00 to $155.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price objective would indicate a potential upside of 4.12% from the stock's current price.

Several other research analysts have also recently weighed in on MTN. Truist Financial reduced their price objective on Vail Resorts from $247.00 to $244.00 and set a "buy" rating for the company in a research report on Friday, June 6th. Mizuho raised their target price on Vail Resorts from $215.00 to $216.00 and gave the company an "outperform" rating in a report on Friday, June 6th. UBS Group reduced their target price on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Vail Resorts from $170.00 to $165.00 and set a "hold" rating on the stock in a report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $184.50.

Vail Resorts Stock Performance

Shares of MTN traded up $2.09 on Friday, reaching $148.87. 39,459 shares of the stock traded hands, compared to its average volume of 664,146. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 1.95 and a beta of 0.87. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.61 and a quick ratio of 0.54. Vail Resorts has a 12 month low of $129.85 and a 12 month high of $199.45. The stock's 50-day moving average price is $153.91 and its 200-day moving average price is $152.92.

Institutional Trading of Vail Resorts

Several large investors have recently modified their holdings of MTN. GRS Advisors LLC purchased a new position in shares of Vail Resorts during the second quarter valued at approximately $71,753,000. Norges Bank purchased a new position in Vail Resorts in the 2nd quarter worth approximately $51,685,000. First Pacific Advisors LP raised its holdings in Vail Resorts by 54.2% in the 1st quarter. First Pacific Advisors LP now owns 805,584 shares of the company's stock worth $128,910,000 after acquiring an additional 283,299 shares during the last quarter. Bamco Inc. NY raised its holdings in Vail Resorts by 3.6% in the 2nd quarter. Bamco Inc. NY now owns 5,475,549 shares of the company's stock worth $860,373,000 after acquiring an additional 191,327 shares during the last quarter. Finally, Aperture Investors LLC purchased a new position in Vail Resorts in the 2nd quarter worth approximately $22,886,000. 94.90% of the stock is owned by institutional investors.

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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