Vail Resorts (NYSE:MTN) Rating Increased to Strong Sell at The Goldman Sachs Group

Key Points

• Goldman Sachs upgraded Vail Resorts to a “strong sell” rating, adding to mixed analyst sentiment. MarketBeat reports an overall “hold” consensus rating and an average price target of $149.83.
• Vail Resorts’ latest quarterly results missed earnings expectations, with EPS of $8.81 versus the $8.97 consensus estimate, while revenue fell 7% year over year to $1.21 billion.
• Shares opened at $145.74 and were down 1.8%; institutional investors own approximately 94.9% of the company’s stock.

Vail Resorts (NYSE:MTN - Get Free Report) was upgraded by stock analysts at The Goldman Sachs Group to a "strong sell" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Mizuho set a $174.00 target price on shares of Vail Resorts in a report on Tuesday, June 9th. Barclays reduced their price target on shares of Vail Resorts from $138.00 to $119.00 and set an "underweight" rating for the company in a research report on Tuesday, June 9th. Truist Financial decreased their price objective on shares of Vail Resorts from $212.00 to $195.00 and set a "buy" rating for the company in a report on Tuesday, June 9th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Vail Resorts in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. increased their target price on Vail Resorts from $124.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Vail Resorts currently has an average rating of "Hold" and an average price target of $149.83.

Vail Resorts Trading Down 1.8%

Vail Resorts stock opened at $145.74 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The business's fifty day simple moving average is $143.81 and its two-hundred day simple moving average is $136.05. Vail Resorts has a 12 month low of $118.51 and a 12 month high of $165.50. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 9.79 and a beta of 0.70.

Vail Resorts (NYSE:MTN - Get Free Report) last issued its quarterly earnings results on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate of $8.97 by ($0.16). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. Vail Resorts's revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.54 earnings per share. As a group, equities analysts predict that Vail Resorts will post 4.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vail Resorts

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Vail Resorts in the 2nd quarter worth $464,712,000. HighTower Advisors LLC increased its position in Vail Resorts by 15,313.2% during the fourth quarter. HighTower Advisors LLC now owns 450,066 shares of the company's stock valued at $59,769,000 after acquiring an additional 447,146 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Vail Resorts in the second quarter valued at about $49,749,000. Norges Bank purchased a new position in Vail Resorts in the fourth quarter worth about $41,106,000. Finally, M&T Bank Corp purchased a new position in Vail Resorts in the fourth quarter worth about $28,521,000. 94.90% of the stock is currently 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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