Vail Resorts (NYSE:MTN) Downgraded by BNP Paribas Exane to Neutral

BNP Paribas Exane downgraded shares of Vail Resorts (NYSE:MTN) from an outperform rating to a neutral rating in a research note issued to investors on Monday, Marketbeat reports. The brokerage currently has $135.00 price target on the stock, down from their previous price target of $151.00.

MTN has been the topic of several other research reports. Zacks Research upgraded shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. increased their target price on shares of Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Truist Financial dropped their price target on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Vail Resorts from $134.00 to $138.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Mizuho set a $174.00 price objective on shares of Vail Resorts in a research report on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $149.00.

Vail Resorts Trading Up 0.2%

Vail Resorts stock opened at $140.09 on Monday. Vail Resorts has a 52-week low of $118.51 and a 52-week high of $163.34. The company has a market cap of $4.99 billion, a P/E ratio of 31.84, a P/E/G ratio of 9.31 and a beta of 0.69. The company has a quick ratio of 0.79, a current ratio of 0.91 and a debt-to-equity ratio of 3.22. The business has a 50-day simple moving average of $144.86 and a two-hundred day simple moving average of $136.88.

Institutional Investors Weigh In On Vail Resorts

Several institutional investors have recently modified their holdings of MTN. The Manufacturers Life Insurance Company increased its stake in Vail Resorts by 26.0% in the first quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock worth $125,334,000 after purchasing an additional 201,750 shares during the period. Oasis Management Co Ltd. lifted its position in shares of Vail Resorts by 8.3% during the fourth quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock worth $245,844,000 after purchasing an additional 141,500 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Vail Resorts during the second quarter valued at $464,712,000. Peregrine Capital Management LLC bought a new position in shares of Vail Resorts in the first quarter worth about $4,605,000. Finally, Wellington Management Group LLP bought a new position in shares of Vail Resorts in the second quarter worth about $22,877,000. 94.90% of the stock is owned by institutional investors.

About Vail Resorts

Vail Resorts, Inc is a mountain resort company that operates a portfolio of ski and summer resorts, primarily in the United States, Canada and Australia. Its properties offer skiing, snowboarding and other outdoor recreational activities, along with lodging, dining, retail, equipment rentals, lessons and related guest services.

The company’s resort portfolio includes well-known destinations such as Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Whistler Blackcomb in British Columbia; and Perisher in New South Wales, Australia.