Bank of America downgraded shares of Vail Resorts (NYSE:MTN) from a buy rating to a neutral rating in a research report report published on Friday, Marketbeat Ratings reports.

A number of other equities analysts have also recently issued reports on the stock. ValuEngine cut shares of Vail Resorts from a buy rating to a hold rating in a report on Wednesday, January 2nd. Zacks Investment Research lowered shares of Vail Resorts from a hold rating to a sell rating in a research note on Tuesday, December 11th. Barclays dropped their price target on shares of Vail Resorts from $290.00 to $280.00 and set an overweight rating on the stock in a research note on Monday, December 10th. Deutsche Bank set a $297.00 price target on shares of Vail Resorts and gave the company a buy rating in a research note on Saturday, December 8th. Finally, Berenberg Bank upgraded shares of Vail Resorts from a hold rating to a buy rating in a research note on Monday, October 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $290.89.

Shares of NYSE MTN opened at $187.33 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.35 and a debt-to-equity ratio of 0.96. Vail Resorts has a 52-week low of $181.96 and a 52-week high of $302.76. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 29.78 and a beta of 0.89.

Vail Resorts (NYSE:MTN) last issued its earnings results on Friday, December 7th. The company reported ($2.66) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.44) by ($0.22). Vail Resorts had a return on equity of 13.55% and a net margin of 14.94%. The business had revenue of $220.00 million during the quarter, compared to the consensus estimate of $235.08 million. During the same period in the prior year, the business earned ($2.00) EPS. The business’s revenue was down .4% on a year-over-year basis. As a group, analysts anticipate that Vail Resorts will post 7.67 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 10th. Shareholders of record on Thursday, December 27th were paid a $1.47 dividend. The ex-dividend date was Wednesday, December 26th. This represents a $5.88 annualized dividend and a dividend yield of 3.14%. Vail Resorts’s payout ratio is currently 93.48%.

In other Vail Resorts news, Director John F. Sorte sold 2,134 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $240.02, for a total value of $512,202.68. Following the sale, the director now owns 47,314 shares in the company, valued at $11,356,306.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Hawaiian Bank acquired a new position in shares of Vail Resorts during the third quarter valued at approximately $414,000. Scout Investments Inc. increased its stake in shares of Vail Resorts by 6.7% during the third quarter. Scout Investments Inc. now owns 84,604 shares of the company’s stock valued at $23,217,000 after acquiring an additional 5,327 shares during the period. Korea Investment CORP increased its stake in shares of Vail Resorts by 52.6% during the third quarter. Korea Investment CORP now owns 151,069 shares of the company’s stock valued at $41,456,000 after acquiring an additional 52,069 shares during the period. First Republic Investment Management Inc. increased its stake in shares of Vail Resorts by 8.2% during the third quarter. First Republic Investment Management Inc. now owns 5,511 shares of the company’s stock valued at $1,513,000 after acquiring an additional 418 shares during the period. Finally, Morgan Stanley increased its stake in shares of Vail Resorts by 151.5% during the third quarter. Morgan Stanley now owns 238,162 shares of the company’s stock valued at $65,355,000 after acquiring an additional 143,471 shares during the period. Institutional investors and hedge funds own 95.59% of the company’s stock.

Vail Resorts Company Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.

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Analyst Recommendations for Vail Resorts (NYSE:MTN)

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