Morgan Stanley Issues Pessimistic Forecast for Vail Resorts (NYSE:MTN) Stock Price

Vail Resorts (NYSE:MTN) had its price objective lowered by stock analysts at Morgan Stanley from $153.00 to $151.00 in a report released on Tuesday, Marketbeat reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 7.97% from the stock’s current price.

Other research analysts have also issued reports about the company. Stifel Nicolaus reissued a “buy” rating and set a $175.00 price target (down from $180.00) on shares of Vail Resorts in a research report on Tuesday, September 30th. Barclays lowered their target price on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 30th. Mizuho reduced their price target on shares of Vail Resorts from $216.00 to $195.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Truist Financial decreased their price target on shares of Vail Resorts from $244.00 to $237.00 and set a “buy” rating for the company in a report on Tuesday, September 30th. Finally, Wall Street Zen downgraded shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $176.30.

Vail Resorts Price Performance

MTN stock opened at $139.85 on Tuesday. The firm has a 50-day moving average of $146.69 and a two-hundred day moving average of $152.25. Vail Resorts has a one year low of $129.85 and a one year high of $191.57. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 5.52. The firm has a market capitalization of $5.00 billion, a PE ratio of 20.51, a P/E/G ratio of 10.95 and a beta of 0.81.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Wednesday, December 10th. The company reported ($5.20) earnings per share for the quarter, topping the consensus estimate of ($5.23) by $0.03. The firm had revenue of $271.03 million for the quarter, compared to analysts’ expectations of $273.35 million. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($4.61) EPS. On average, analysts forecast that Vail Resorts will post 7.62 earnings per share for the current year.

Insider Buying and Selling

In other Vail Resorts news, CFO Angela A. Korch purchased 210 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were bought at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the purchase, the chief financial officer directly owned 4,905 shares in the company, valued at $760,275. This trade represents a 4.47% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is 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. Bamco Inc. NY raised its holdings in Vail Resorts by 4.1% during the third quarter. Bamco Inc. NY now owns 5,702,692 shares of the company’s stock valued at $852,952,000 after buying an additional 227,143 shares in the last quarter. Capital International Investors increased its holdings in shares of Vail Resorts by 1.5% during the 3rd quarter. Capital International Investors now owns 5,002,662 shares of the company’s stock valued at $748,248,000 after acquiring an additional 74,528 shares during the last quarter. Capital World Investors increased its holdings in shares of Vail Resorts by 67.0% during the 3rd quarter. Capital World Investors now owns 3,013,463 shares of the company’s stock valued at $450,724,000 after acquiring an additional 1,208,874 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Vail Resorts by 2.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,320,763 shares of the company’s stock valued at $207,531,000 after acquiring an additional 31,852 shares in the last quarter. Finally, First Pacific Advisors LP lifted its holdings in Vail Resorts by 23.4% in the 2nd quarter. First Pacific Advisors LP now owns 993,735 shares of the company’s stock worth $156,146,000 after purchasing an additional 188,151 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.