Vail Resorts (NYSE:MTN) Price Target Cut to $151.00 by Analysts at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank cut its price target on Vail Resorts from $159 to $151 and maintained a "hold" rating, implying roughly an 8.5% upside from the prior close.
• Analyst consensus is a Hold (4 Buy, 8 Hold, 1 Sell) with a mean price target of $172.82, which is substantially above the current share price (~$139).
• In the latest quarter Vail reported EPS of ($5.20) that slightly beat estimates while revenue marginally missed; revenue was up 4.1% year‑over‑year, but the company shows high leverage (debt/equity 5.52) and low liquidity (current ratio 0.54).

Vail Resorts (NYSE:MTN - Get Free Report) had its price target cut by Deutsche Bank Aktiengesellschaft from $159.00 to $151.00 in a report released on Friday,MarketScreener reports. The brokerage presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 8.49% from the company's previous close.

A number of other analysts have also recently issued reports on the stock. Zacks Research raised shares of Vail Resorts from a "strong sell" rating to a "hold" rating in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Vail Resorts in a report on Monday, December 29th. Morgan Stanley set a $150.00 price target on Vail Resorts in a research note on Friday, January 16th. Jefferies Financial Group raised Vail Resorts from a "hold" rating to a "buy" rating and raised their price target for the company from $159.00 to $165.00 in a report on Tuesday, January 13th. Finally, Wall Street Zen downgraded Vail Resorts from a "hold" rating to a "sell" rating in a research report on Saturday, January 10th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Vail Resorts has an average rating of "Hold" and a consensus price target of $172.82.

Vail Resorts Trading Down 0.8%

Shares of NYSE:MTN opened at $139.18 on Friday. The stock has a 50 day moving average of $137.54 and a 200 day moving average of $145.33. The company has a market cap of $4.98 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 8.51 and a beta of 0.78. Vail Resorts has a 12-month low of $126.15 and a 12-month high of $175.51. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 5.52.

Vail Resorts (NYSE:MTN - Get Free Report) last released its earnings results on Wednesday, December 10th. The company reported ($5.20) EPS for the quarter, topping analysts' consensus estimates of ($5.23) by $0.03. The company had revenue of $271.03 million for the quarter, compared to analysts' expectations of $273.35 million. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The firm's revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned ($4.61) EPS. As a group, equities research analysts expect that Vail Resorts will post 7.62 EPS for the current year.

Hedge Funds Weigh In On Vail Resorts

Several institutional investors have recently bought and sold shares of MTN. BOKF NA grew its holdings in Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company's stock valued at $25,000 after buying an additional 150 shares in the last quarter. NBT Bank N A NY raised its holdings in shares of Vail Resorts by 450.0% during the 3rd quarter. NBT Bank N A NY now owns 176 shares of the company's stock worth $26,000 after acquiring an additional 144 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Vail Resorts by 815.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company's stock valued at $27,000 after acquiring an additional 155 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Vail Resorts by 196.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company's stock valued at $29,000 after acquiring an additional 124 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of Vail Resorts by 83.3% in the fourth quarter. Golden State Wealth Management LLC now owns 220 shares of the company's stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company's signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.

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