Vail Resorts (NYSE:MTN) Price Target Cut to $185.00 by Analysts at Macquarie

Vail Resorts (NYSE:MTN) had its price target lowered by research analysts at Macquarie from $195.00 to $185.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Macquarie’s price target suggests a potential upside of 13.64% from the company’s previous close.

MTN has been the subject of several other reports. Barclays reiterated an “underweight” rating and set a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research report on Monday. Mizuho decreased their price objective on shares of Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday. Morgan Stanley lowered their price objective on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Tuesday. StockNews.com upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. increased their price target on shares of Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Vail Resorts currently has an average rating of “Hold” and a consensus price target of $193.56.

Vail Resorts Stock Performance

Vail Resorts stock traded down $2.63 during mid-day trading on Wednesday, reaching $162.79. 239,195 shares of the company were exchanged, compared to its average volume of 554,991. The firm’s 50-day simple moving average is $168.46 and its two-hundred day simple moving average is $175.96. Vail Resorts has a twelve month low of $151.99 and a twelve month high of $233.57. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The firm has a market cap of $6.09 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, beating analysts’ consensus estimates of $6.29 by $0.27. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.76 EPS. Equities analysts predict that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Heck Capital Advisors LLC purchased a new stake in Vail Resorts in the fourth quarter valued at approximately $33,000. Blue Trust Inc. boosted its holdings in shares of Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after purchasing an additional 148 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Vail Resorts during the 4th quarter valued at $40,000. GeoWealth Management LLC increased its holdings in shares of Vail Resorts by 162.2% during the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock worth $55,000 after buying an additional 180 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Vail Resorts by 165.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 321 shares of the company’s stock worth $56,000 after buying an additional 200 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

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.