Vail Resorts (NYSE:MTN) Earns “Equal Weight” Rating from Morgan Stanley

Vail Resorts (NYSE:MTN)‘s stock had its “equal weight” rating reissued by equities researchers at Morgan Stanley in a research report issued on Monday,Benzinga reports. They currently have a $197.00 target price on the stock. Morgan Stanley’s price objective suggests a potential upside of 2.85% from the company’s current price.

MTN has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft raised their target price on Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Mizuho raised their price objective on shares of Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. StockNews.com upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Barclays raised their target price on shares of Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a report on Tuesday, December 10th. Finally, Truist Financial dropped their price target on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $205.50.

Vail Resorts Stock Up 0.6 %

MTN opened at $191.55 on Monday. The stock’s 50 day moving average price is $179.52 and its 200 day moving average price is $178.64. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.71. The stock has a market cap of $7.17 billion, a P/E ratio of 31.82, a P/E/G ratio of 2.22 and a beta of 1.14. Vail Resorts has a 12 month low of $165.00 and a 12 month high of $236.92.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, topping the consensus estimate of ($4.99) by $0.38. The firm had revenue of $260.28 million for the quarter, compared to analysts’ expectations of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($4.60) earnings per share. As a group, research analysts predict that Vail Resorts will post 7.49 earnings per share for the current year.

Insider Buying and Selling

In other Vail Resorts news, Director John F. Sorte sold 1,670 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total value of $289,026.90. Following the completion of the sale, the director now directly owns 45,111 shares of the company’s stock, valued at $7,807,360.77. The trade was a 3.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the transaction, the insider now owns 245,961 shares in the company, valued at $43,284,216.78. This represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vail Resorts

A number of large investors have recently bought and sold shares of the business. Signaturefd LLC grew its holdings in Vail Resorts by 150.9% during the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after purchasing an additional 83 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Vail Resorts in the 3rd quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in Vail Resorts in the 3rd quarter worth $25,000. Brown Brothers Harriman & Co. raised its holdings in Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after acquiring an additional 153 shares during the period. Finally, UMB Bank n.a. lifted its position in Vail Resorts by 123.5% during the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after acquiring an additional 121 shares during the last quarter. 94.94% of the stock is currently owned by 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.