Truist Financial Has Lowered Expectations for Vail Resorts (NYSE:MTN) Stock Price

Vail Resorts (NYSE:MTN) had its target price cut by Truist Financial from $244.00 to $237.00 in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 53.91% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Bank of America lowered their target price on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a research note on Tuesday. Morgan Stanley reaffirmed a “cautious” rating on shares of Vail Resorts in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a research note on Wednesday, September 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price objective (down from $180.00) on shares of Vail Resorts in a research note on Tuesday. Finally, Mizuho decreased their price objective on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $174.90.

Vail Resorts Stock Performance

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

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.75) by ($0.33). The business had revenue of $271.29 million during the quarter, compared to the consensus estimate of $272.87 million. Vail Resorts had a net margin of 9.45% and a return on equity of 31.54%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($4.67) EPS. As a group, research analysts forecast that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Institutional Trading of Vail Resorts

Several hedge funds have recently modified their holdings of MTN. Wellington Management Group LLP bought a new stake in shares of Vail Resorts during the fourth quarter valued at approximately $224,000. GAMMA Investing LLC lifted its holdings in Vail Resorts by 27,955.2% in the first quarter. GAMMA Investing LLC now owns 43,205 shares of the company’s stock valued at $6,914,000 after buying an additional 43,051 shares during the period. Sendero Wealth Management LLC acquired a new position in Vail Resorts in the first quarter valued at approximately $326,000. Procyon Advisors LLC lifted its holdings in Vail Resorts by 46.2% in the first quarter. Procyon Advisors LLC now owns 2,340 shares of the company’s stock valued at $374,000 after buying an additional 739 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Vail Resorts by 990.4% in the first quarter. SG Americas Securities LLC now owns 15,156 shares of the company’s stock valued at $2,425,000 after buying an additional 13,766 shares during the period. 94.90% of the stock is 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.