StockNews.com Downgrades Vail Resorts (NYSE:MTN) to Sell

Vail Resorts (NYSE:MTN) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Several other research analysts have also recently weighed in on MTN. Deutsche Bank Aktiengesellschaft cut their price objective on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Morgan Stanley upped their price objective on shares of Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a report on Wednesday. Stifel Nicolaus cut their price target on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a report on Friday. JPMorgan Chase & Co. cut Vail Resorts from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $217.00 to $176.00 in a report on Friday, June 7th. Finally, Mizuho cut their target price on Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $211.75.

Vail Resorts Stock Down 3.9 %

NYSE MTN traded down $7.30 on Friday, reaching $180.65. The company had a trading volume of 1,538,759 shares, compared to its average volume of 527,957. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 2.04. The company’s fifty day moving average is $179.54 and its 200 day moving average is $191.96. Vail Resorts has a 52-week low of $165.14 and a 52-week high of $242.47. The stock has a market capitalization of $6.80 billion, a P/E ratio of 24.58, a P/E/G ratio of 2.56 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing the consensus estimate of ($4.28) by ($0.39). Vail Resorts had a net margin of 9.59% and a return on equity of 23.41%. The firm had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. During the same quarter last year, the business posted ($3.35) EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Sell-side analysts anticipate that Vail Resorts will post 6.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vail Resorts

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in Vail Resorts by 27.9% during the first quarter. GAMMA Investing LLC now owns 257 shares of the company’s stock worth $57,000 after purchasing an additional 56 shares during the last quarter. Park Avenue Securities LLC lifted its position in Vail Resorts by 2.1% in the 1st quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock worth $668,000 after buying an additional 62 shares during the last quarter. Fairbanks Capital Management Inc. lifted its position in Vail Resorts by 2.5% in the 2nd quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock worth $462,000 after buying an additional 63 shares during the last quarter. Artemis Investment Management LLP boosted its stake in Vail Resorts by 4.6% in the second quarter. Artemis Investment Management LLP now owns 1,700 shares of the company’s stock worth $306,000 after buying an additional 75 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in Vail Resorts by 8.5% during the first quarter. Advisors Asset Management Inc. now owns 993 shares of the company’s stock valued at $221,000 after acquiring an additional 78 shares during the last quarter. 94.94% 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.