Vail Resorts (NYSE:MTN) Price Target Cut to $237.00 by Analysts at Truist Financial

Key Points

• Vail Resorts' price target has been cut by Truist Financial from $244.00 to $237.00, though the firm maintains a "buy" rating, indicating a potential upside of 61.96% from the current price.
• Several other analysts have also lowered their price targets for Vail Resorts, with Barclays setting it at $145.00 and Bank of America at $165.00, reflecting varied sentiments across the market.
• The company reported a loss of $5.08 EPS for its latest quarter, missing expectations, but showed a 2.2% revenue increase compared to the previous year.

Vail Resorts (NYSE:MTN - Get Free Report) had its price objective decreased by Truist Financial from $244.00 to $237.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's target price suggests a potential upside of 61.96% from the stock's current price.

MTN has been the subject of several other reports. Barclays reduced their price objective on Vail Resorts from $152.00 to $145.00 and set an "underweight" rating for the company in a research note on Tuesday. Stifel Nicolaus set a $175.00 price target on Vail Resorts and gave the company a "buy" rating in a report on Tuesday. Bank of America decreased their price target on Vail Resorts from $175.00 to $165.00 and set a "neutral" rating for the company in a report on Tuesday. Mizuho set a $195.00 price target on Vail Resorts in a report on Tuesday. Finally, Morgan Stanley reissued a "cautious" rating on shares of Vail Resorts in a report on Friday. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $175.80.

Vail Resorts Stock Down 1.2%

Vail Resorts stock traded down $1.73 during midday trading on Tuesday, reaching $146.33. The company's stock had a trading volume of 563,734 shares, compared to its average volume of 669,736. The stock's 50-day simple moving average is $153.46 and its 200-day simple moving average is $152.60. 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 52-week low of $129.85 and a 52-week high of $199.45. The stock has a market capitalization of $5.44 billion, a P/E ratio of 18.68, a PEG ratio of 1.94 and a beta of 0.87.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings data on Monday, September 29th. The company reported ($5.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a return on equity of 30.25% and a net margin of 9.81%.The firm had revenue of $271.29 million during the quarter, compared to analysts' expectations of $272.87 million. During the same quarter in the previous year, the business earned ($4.67) earnings per share. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, sell-side analysts expect that Vail Resorts will post 7.62 EPS for the current year.

Hedge Funds Weigh In On Vail Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Provident Investment Management Inc. boosted its stake in Vail Resorts by 15.8% during the second quarter. Provident Investment Management Inc. now owns 5,731 shares of the company's stock worth $901,000 after buying an additional 780 shares during the last quarter. State of Wyoming acquired a new position in Vail Resorts during the second quarter worth $64,000. Nomura Holdings Inc. acquired a new position in Vail Resorts during the second quarter worth $8,572,000. Parr Mcknight Wealth Management Group LLC boosted its stake in Vail Resorts by 5.9% during the second quarter. Parr Mcknight Wealth Management Group LLC now owns 7,969 shares of the company's stock worth $1,252,000 after buying an additional 441 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in Vail Resorts during the second quarter worth $378,000. 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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