Vail Resorts (NYSE:MTN) Stock Rating Lowered by Wall Street Zen

Key Points

• Vail Resorts' stock rating has been downgraded by Wall Street Zen from "hold" to "sell," reflecting a negative shift in analyst sentiment.
• Multiple analysts, including Truist and Morgan Stanley, have decreased their price targets for Vail Resorts, suggesting a bearish outlook on its financial performance.
• The company's recent quarterly earnings report showed a loss of $5.08 EPS, missing estimates, while revenue grew by only 2.2% year-over-year, highlighting challenges in performance.

Vail Resorts (NYSE:MTN - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Friday.

Several other research analysts also recently commented on the stock. Truist Financial decreased their price target on shares of Vail Resorts from $244.00 to $237.00 and set a "buy" rating on the stock in a research note on Tuesday. Morgan Stanley decreased their price target on shares of Vail Resorts from $155.00 to $146.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Mizuho decreased their price target on shares of Vail Resorts from $216.00 to $195.00 and set an "outperform" rating on the stock in a research note on Tuesday. UBS Group decreased their price target on shares of Vail Resorts from $185.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 11th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Vail Resorts in a research note on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $174.90.

Vail Resorts Price Performance

MTN traded up $1.63 on Friday, reaching $157.07. The company had a trading volume of 762,898 shares, compared to its average volume of 893,283. The business has a 50 day simple moving average of $152.88 and a 200 day simple moving average of $152.52. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 21.20, a P/E/G ratio of 2.54 and a beta of 0.86. The company has a debt-to-equity ratio of 3.44, a quick ratio of 0.54 and a current ratio of 0.63. Vail Resorts has a 52-week low of $129.85 and a 52-week high of $199.45.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Crossmark Global Holdings Inc. increased its stake in shares of Vail Resorts by 25.5% in the first quarter. Crossmark Global Holdings Inc. now owns 2,575 shares of the company's stock worth $412,000 after buying an additional 523 shares during the period. GAMMA Investing LLC increased its position in Vail Resorts by 27,955.2% during the 1st quarter. GAMMA Investing LLC now owns 43,205 shares of the company's stock valued at $6,914,000 after purchasing an additional 43,051 shares during the period. Sequoia Financial Advisors LLC bought a new position in Vail Resorts in the 1st quarter worth $20,315,000. Principal Financial Group Inc. raised its holdings in Vail Resorts by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company's stock worth $264,686,000 after purchasing an additional 5,788 shares in the last quarter. Finally, Jump Financial LLC bought a new position in Vail Resorts in the 1st quarter worth $5,543,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.