Stifel Nicolaus Lowers Vail Resorts (NYSE:MTN) Price Target to $259.00

Vail Resorts (NYSE:MTN) had its target price dropped by equities research analysts at Stifel Nicolaus from $262.00 to $259.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 48.90% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Vail Resorts from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $217.00 to $176.00 in a report on Friday. Mizuho started coverage on shares of Vail Resorts in a report on Tuesday, March 26th. They issued a “buy” rating and a $256.00 price objective on the stock. Bank of America downgraded shares of Vail Resorts from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $285.00 to $250.00 in a report on Friday, March 8th. Morgan Stanley dropped their price objective on shares of Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vail Resorts from $244.00 to $226.00 in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Vail Resorts has a consensus rating of “Hold” and a consensus target price of $232.56.

Vail Resorts Stock Performance

Shares of NYSE MTN opened at $173.94 on Friday. The firm’s 50-day moving average price is $204.24 and its 200-day moving average price is $216.00. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37. The company has a market cap of $6.60 billion, a PE ratio of 23.67, a PEG ratio of 2.13 and a beta of 1.14. Vail Resorts has a 52-week low of $165.14 and a 52-week high of $258.13.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Thursday, June 6th. The company reported $9.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.94 by ($0.40). The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Vail Resorts had a net margin of 9.59% and a return on equity of 24.36%. As a group, analysts anticipate that Vail Resorts will post 7.54 EPS for the current year.

Insider Activity

In other news, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total transaction of $222,770.00. Following the sale, the director now owns 7,592 shares in the company, valued at $1,691,269.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC grew its holdings in shares of Vail Resorts by 14,502.1% in the fourth quarter. International Assets Investment Management LLC now owns 48,041 shares of the company’s stock valued at $10,255,000 after purchasing an additional 47,712 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of Vail Resorts in the fourth quarter valued at $1,533,000. Nordea Investment Management AB boosted its stake in Vail Resorts by 2,451.9% during the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock worth $89,931,000 after buying an additional 400,941 shares during the period. Galibier Capital Management Ltd. purchased a new position in Vail Resorts during the fourth quarter worth $3,932,000. Finally, Heartland Advisors Inc. boosted its stake in Vail Resorts by 428.4% during the fourth quarter. Heartland Advisors Inc. now owns 75,525 shares of the company’s stock worth $16,122,000 after buying an additional 61,232 shares during the period. 94.94% of the stock is 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.