Vail Resorts (NYSE:MTN - Get Free Report) had its price objective dropped by equities research analysts at Bank of America from $185.00 to $160.00 in a report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Bank of America's price objective points to a potential upside of 14.24% from the company's current price.
Other analysts have also recently issued reports about the stock. Morgan Stanley lowered their target price on shares of Vail Resorts from $197.00 to $178.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 11th. Macquarie lowered their price objective on Vail Resorts from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. JPMorgan Chase & Co. increased their target price on Vail Resorts from $166.00 to $167.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 11th. Mizuho decreased their price target on Vail Resorts from $227.00 to $215.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Finally, Barclays reaffirmed an "underweight" rating and set a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Vail Resorts currently has an average rating of "Hold" and an average target price of $190.20.
Read Our Latest Report on Vail Resorts
Vail Resorts Price Performance
Shares of NYSE MTN traded up $0.04 during trading on Monday, reaching $140.06. The company had a trading volume of 482,746 shares, compared to its average volume of 581,237. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. Vail Resorts has a twelve month low of $129.85 and a twelve month high of $206.38. The stock has a 50-day moving average price of $152.08 and a two-hundred day moving average price of $168.55. The stock has a market capitalization of $5.23 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93.
Vail Resorts (NYSE:MTN - Get Free Report) last announced its earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, beating the consensus estimate of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $5.76 EPS. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Vail Resorts will post 7.62 earnings per share for the current year.
Insider Transactions at Vail Resorts
In other Vail Resorts news, CFO Angela A. Korch purchased 185 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $160.00 per share, with a total value of $29,600.00. Following the transaction, the chief financial officer now owns 2,956 shares in the company, valued at approximately $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.20% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Heck Capital Advisors LLC acquired a new stake in shares of Vail Resorts in the fourth quarter valued at about $33,000. Blue Trust Inc. boosted its holdings in Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company's stock worth $36,000 after acquiring an additional 148 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Vail Resorts in the fourth quarter valued at approximately $40,000. Golden State Wealth Management LLC raised its stake in shares of Vail Resorts by 102.5% during the first quarter. Golden State Wealth Management LLC now owns 243 shares of the company's stock valued at $39,000 after purchasing an additional 123 shares during the period. Finally, Alpine Bank Wealth Management purchased a new stake in shares of Vail Resorts during the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 94.94% of the company's stock.
About Vail Resorts
(
Get Free Report)
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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