UBS Group Issues Pessimistic Forecast for Vail Resorts (NYSE:MTN) Stock Price

Vail Resorts (NYSE:MTN - Free Report) had its price objective trimmed by UBS Group from $185.00 to $169.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research firms have also commented on MTN. Bank of America lifted their price objective on Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. Morgan Stanley restated an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Deutsche Bank Aktiengesellschaft decreased their price target on Vail Resorts from $183.00 to $171.00 and set a "hold" rating for the company in a report on Thursday, May 29th. Mizuho upped their price objective on shares of Vail Resorts from $215.00 to $216.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Finally, Barclays reiterated an "underweight" rating and issued a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a research note on Monday, March 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $187.20.

Vail Resorts Price Performance

Shares of MTN stock traded up $1.07 on Wednesday, hitting $153.04. 296,227 shares of the company's stock were exchanged, compared to its average volume of 578,040. The stock has a market cap of $5.71 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. Vail Resorts has a 12 month low of $129.85 and a 12 month high of $199.45. The company has a 50 day moving average of $145.66 and a 200 day moving average of $163.13.

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

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 24th will be issued a $2.22 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.80%. Vail Resorts's dividend payout ratio (DPR) is presently 113.55%.

Hedge Funds Weigh In On Vail Resorts

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Vail Resorts in the fourth quarter valued at $80,669,000. Point72 Asset Management L.P. increased its stake in shares of Vail Resorts by 170.1% in the fourth quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock worth $102,427,000 after purchasing an additional 344,095 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Vail Resorts by 42.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock valued at $183,039,000 after purchasing an additional 289,484 shares during the period. First Pacific Advisors LP lifted its stake in shares of Vail Resorts by 54.2% during the 1st quarter. First Pacific Advisors LP now owns 805,584 shares of the company's stock valued at $128,910,000 after buying an additional 283,299 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new position in Vail Resorts in the 4th quarter worth approximately $42,532,000. 94.94% of the stock is owned by 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.