Vail Resorts (NYSE:MTN) Price Target Lowered to $155.00 at Barclays

Vail Resorts (NYSE:MTN) had its price objective cut by analysts at Barclays from $161.00 to $155.00 in a report released on Friday, Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price objective would indicate a potential downside of 14.00% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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 target price on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. lowered Vail Resorts from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $217.00 to $176.00 in a research report on Friday, June 7th. Mizuho dropped their price target on Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Finally, Stifel Nicolaus decreased their price objective on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and a consensus price target of $211.75.

Vail Resorts Trading Down 4.1 %

NYSE MTN traded down $7.71 on Friday, hitting $180.24. The company’s stock had a trading volume of 845,825 shares, compared to its average volume of 524,286. The firm has a market cap of $6.78 billion, a P/E ratio of 24.52, a PEG ratio of 2.56 and a beta of 1.14. Vail Resorts has a 52-week low of $165.14 and a 52-week high of $242.47. The company’s 50-day simple moving average is $179.53 and its 200 day simple moving average is $192.26. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 2.04.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing analysts’ consensus estimates of ($4.28) by ($0.39). The business had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $264.84 million. Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($3.35) EPS. Research analysts predict that Vail Resorts will post 6.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Vail Resorts

Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in shares of Vail Resorts by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 1,807,277 shares of the company’s stock worth $402,716,000 after purchasing an additional 17,432 shares during the last quarter. TPG GP A LLC lifted its stake in shares of Vail Resorts by 17.4% in the second quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock worth $162,017,000 after buying an additional 133,607 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Vail Resorts by 673.1% during the second quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock valued at $114,481,000 after buying an additional 553,337 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Vail Resorts by 5.9% during the first quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock valued at $98,470,000 after acquiring an additional 24,456 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Vail Resorts by 36.3% during the second quarter. Dimensional Fund Advisors LP now owns 356,386 shares of the company’s stock valued at $64,195,000 after acquiring an additional 94,923 shares in the last quarter. 94.94% 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.