Vail Resorts (NYSE:MTN) Price Target Lowered to $165.00 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has lowered its price target for Vail Resorts from $170.00 to $165.00, maintaining a "hold" rating on the stock.
• Vail Resorts' market capitalization stands at $5.58 billion, with the stock currently trading at $150.25, showing a slight increase of 0.9% in recent trading.
• Analyst ratings show a consensus of "hold" with an average price target of $183.60, indicating mixed sentiments among analysts regarding the stock's outlook.

Vail Resorts (NYSE:MTN - Get Free Report) had its price objective cut by stock analysts at Deutsche Bank Aktiengesellschaft from $170.00 to $165.00 in a report released on Wednesday,MarketScreener reports. The firm currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential upside of 9.81% from the stock's previous close.

Several other brokerages have also recently weighed in on MTN. Truist Financial reduced their target price on shares of Vail Resorts from $247.00 to $244.00 and set a "buy" rating on the stock in a report on Friday, June 6th. UBS Group cut their price objective on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, June 11th. Morgan Stanley reissued an "equal weight" rating on shares of Vail Resorts in a report on Friday, June 6th. Bank of America raised their price objective on shares of Vail Resorts from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. raised shares of Vail Resorts from an "underweight" rating to a "neutral" rating and set a $167.00 price objective on the stock in a report on Wednesday, May 28th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $183.60.

Vail Resorts Trading Up 0.9%

MTN traded up $1.38 on Wednesday, reaching $150.25. 307,585 shares of the company traded hands, compared to its average volume of 661,918. The firm has a fifty day simple moving average of $156.09 and a two-hundred day simple moving average of $153.33. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.70. Vail Resorts has a one year low of $129.85 and a one year high of $199.45. The company has a market cap of $5.58 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.82 and a beta of 0.87.

Insiders Place Their Bets

In other news, CFO Angela A. Korch bought 200 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average price of $157.00 per share, with a total value of $31,400.00. Following the purchase, the chief financial officer owned 3,156 shares of the company's stock, valued at $495,492. This trade represents a 6.77% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Vail Resorts

Several hedge funds have recently bought and sold shares of MTN. EverSource Wealth Advisors LLC boosted its stake in Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company's stock worth $27,000 after purchasing an additional 155 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in Vail Resorts during the fourth quarter valued at approximately $33,000. SouthState Corp acquired a new position in Vail Resorts during the first quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Vail Resorts by 196.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company's stock valued at $29,000 after purchasing an additional 124 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Vail Resorts by 676.0% during the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company's stock valued at $30,000 after purchasing an additional 169 shares during the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

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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