Bank of America Lowers Vail Resorts (NYSE:MTN) Price Target to $165.00

Vail Resorts (NYSE:MTN) had its target price lowered by research analysts at Bank of America from $175.00 to $165.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Bank of America‘s target price points to a potential upside of 7.15% from the stock’s previous close.

A number of other equities research analysts have also recently commented on MTN. Mizuho increased their target price on shares of Vail Resorts from $215.00 to $216.00 and gave the company an “outperform” rating in a research report on Friday, June 6th. Morgan Stanley reiterated a “cautious” rating on shares of Vail Resorts in a report on Friday, September 26th. Truist Financial decreased their target price on shares of Vail Resorts from $247.00 to $244.00 and set a “buy” rating on the stock in a research note on Friday, June 6th. UBS Group dropped their price target on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, June 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Vail Resorts from $170.00 to $165.00 and set a “hold” rating for the company in a report on Wednesday, September 17th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $174.90.

Vail Resorts Stock Performance

NYSE MTN opened at $153.99 on Tuesday. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.63 and a quick ratio of 0.54. The stock’s 50 day simple moving average is $153.00 and its 200-day simple moving average is $152.59. The company has a market cap of $5.72 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 1.97 and a beta of 0.86. Vail Resorts has a 1-year low of $129.85 and a 1-year high of $199.45.

Vail Resorts (NYSE:MTN) last issued 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 firm 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 firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($4.67) earnings per share. As a group, equities research analysts anticipate that Vail Resorts will post 7.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in shares of Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares during the last quarter. SouthState Corp acquired a new stake in Vail Resorts in the 1st quarter valued at approximately $29,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Vail Resorts by 196.8% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock valued at $29,000 after purchasing an additional 124 shares during the period. Farther Finance Advisors LLC raised its position in Vail Resorts by 676.0% in the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock valued at $30,000 after purchasing an additional 169 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new position in Vail Resorts during the second quarter worth $33,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

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.