Vail Resorts (NYSE:MTN) Price Target Lowered to $216.00 at Stifel Nicolaus

Vail Resorts (NYSE:MTN) had its target price decreased by equities researchers at Stifel Nicolaus from $223.00 to $216.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 14.90% from the company’s current price.

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft reduced their price target on Vail Resorts from $218.00 to $194.00 and set a “hold” rating on the stock in a report on Monday, September 16th. Barclays reduced their target price on shares of Vail Resorts from $201.00 to $161.00 and set an “underweight” rating on the stock in a research note on Friday, June 7th. JPMorgan Chase & Co. cut shares of Vail Resorts from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $217.00 to $176.00 in a research note on Friday, June 7th. Mizuho reduced their price target on shares of 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, Morgan Stanley upped their price objective on Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $212.50.

Vail Resorts Stock Up 2.9 %

Shares of NYSE MTN opened at $187.99 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 2.04. The company has a 50-day moving average of $179.53 and a 200 day moving average of $192.26. Vail Resorts has a 12-month low of $165.14 and a 12-month high of $242.47. The stock has a market cap of $7.07 billion, a PE ratio of 25.58, a P/E/G ratio of 2.56 and a beta of 1.14.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC raised its holdings in shares of Vail Resorts by 150.9% in the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after buying an additional 83 shares during the period. Quarry LP purchased a new stake in Vail Resorts during the fourth quarter worth about $35,000. Brown Brothers Harriman & Co. increased its stake in Vail Resorts by 318.8% during the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after purchasing an additional 153 shares during the period. Canton Hathaway LLC lifted its position in shares of Vail Resorts by 66.7% during the second quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares in the last quarter. Finally, Triad Wealth Partners LLC purchased a new position in shares of Vail Resorts in the second quarter valued at approximately $51,000. 94.94% of the stock is currently 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.