Vail Resorts (NYSE:MTN) Given New $146.00 Price Target at Morgan Stanley

Vail Resorts (NYSE:MTN) had its price target dropped by equities research analysts at Morgan Stanley from $155.00 to $146.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential downside of 5.82% from the company’s current price.

Several other equities analysts also recently weighed in on MTN. Deutsche Bank Aktiengesellschaft dropped their price target on Vail Resorts from $170.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, September 17th. Barclays decreased their price objective on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a report on Tuesday. Truist Financial decreased their price objective on Vail Resorts from $244.00 to $237.00 and set a “buy” rating on the stock in a report on Tuesday. UBS Group decreased their price objective on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, June 11th. Finally, Bank of America decreased their price objective on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $174.90.

Vail Resorts Stock Performance

Vail Resorts stock opened at $155.02 on Wednesday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 0.54 and a current ratio of 0.63. The stock has a fifty day moving average of $152.95 and a two-hundred day moving average of $152.54. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.44 and a beta of 0.86. Vail Resorts has a fifty-two week low of $129.85 and a fifty-two week high of $199.45.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing the consensus estimate of ($4.75) by ($0.33). The company 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 business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted ($4.67) EPS. On average, analysts anticipate that Vail Resorts will post 7.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Vail Resorts

A number of institutional investors have recently added to or reduced their stakes in MTN. EverSource Wealth Advisors LLC grew its position in 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 period. SouthState Corp purchased a new stake in Vail Resorts during the first quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Vail Resorts by 196.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock valued at $29,000 after acquiring an additional 124 shares during the period. Farther Finance Advisors LLC grew its position in Vail Resorts by 676.0% during the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock valued at $30,000 after acquiring an additional 169 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in Vail Resorts by 222.7% during the second quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock valued at $33,000 after acquiring an additional 147 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

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.