Vail Resorts (NYSE:MTN) Lowered to Sell (D+) Rating by Weiss Ratings

Key Points

• Vail Resorts has been downgraded from a "hold" to a "sell" rating by Weiss Ratings, reflecting concerns about the company's performance.
• Other analysts have also reduced their price targets for Vail Resorts, with Deutsche Bank lowering theirs from $170 to $165.
• Despite the downgrades, Vail Resorts shares gained 1.7%, reaching $154.65 during Wednesday's trading session.

Vail Resorts (NYSE:MTN - Get Free Report) was downgraded by stock analysts at Weiss Ratings from a "hold (c-)" rating to a "sell (d+)" rating in a research note issued on Wednesday,Weiss Ratings reports.

A number of other analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vail Resorts from $170.00 to $165.00 and set a "hold" rating on the stock in a research note on Wednesday, September 17th. Wall Street Zen downgraded Vail Resorts from a "hold" rating to a "sell" rating in a report on Friday, October 3rd. Barclays lowered their price target on Vail Resorts from $152.00 to $145.00 and set an "underweight" rating for the company in a report on Tuesday, September 30th. UBS Group lowered their price target on Vail Resorts from $185.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. Finally, Truist Financial lowered their price target on Vail Resorts from $244.00 to $237.00 and set a "buy" rating for the company in a report on Tuesday, September 30th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $174.90.

Vail Resorts Stock Up 1.7%

Shares of MTN stock traded up $2.55 during trading hours on Wednesday, reaching $154.65. 824,447 shares of the stock were exchanged, compared to its average volume of 902,893. The business's fifty day moving average is $152.79 and its two-hundred day moving average is $152.37. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.63 and a quick ratio of 0.56. 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 $5.55 billion, a P/E ratio of 20.87, a P/E/G ratio of 2.49 and a beta of 0.86.

Vail Resorts (NYSE:MTN - Get Free Report) last released its earnings results on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing analysts' consensus estimates of ($4.75) by ($0.33). Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The firm had revenue of $271.29 million for the quarter, compared to analysts' expectations of $272.87 million. During the same quarter in the previous year, the company posted ($4.67) earnings per share. The firm's quarterly revenue was up 2.2% on a year-over-year basis. As a group, research analysts expect that Vail Resorts will post 7.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Angela A. Korch acquired 210 shares of Vail Resorts stock in a transaction on Tuesday, October 7th. The stock was bought at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the purchase, the chief financial officer owned 4,905 shares in the company, valued at $760,275. This represents a 4.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. 111 Capital grew its holdings in Vail Resorts by 116.3% during the second quarter. 111 Capital now owns 6,172 shares of the company's stock worth $970,000 after acquiring an additional 3,319 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Vail Resorts by 25.5% during the first quarter. Crossmark Global Holdings Inc. now owns 2,575 shares of the company's stock worth $412,000 after acquiring an additional 523 shares during the period. Sequoia Financial Advisors LLC acquired a new position in Vail Resorts during the first quarter worth $20,315,000. Principal Financial Group Inc. grew its holdings in Vail Resorts by 0.4% during the first quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock worth $264,686,000 after acquiring an additional 5,788 shares during the period. Finally, Jump Financial LLC acquired a new position in Vail Resorts during the first quarter worth $5,543,000. Institutional investors and hedge funds own 94.90% of the company's stock.

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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