Vail Resorts (NYSE:MTN) Lowered to “Strong Sell” Rating by Zacks Research

Vail Resorts (NYSE:MTN) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

MTN has been the topic of a number of other reports. Truist Financial cut their target price on Vail Resorts from $244.00 to $237.00 and set a “buy” rating on the stock in a research report on Tuesday. Bank of America cut their price objective on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a report on Tuesday. Morgan Stanley reduced their price objective on shares of Vail Resorts from $155.00 to $146.00 and set an “equal weight” rating for the company in a research note on Wednesday. UBS Group dropped their target price on shares of Vail Resorts from $185.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 11th. Finally, 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. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $174.90.

Vail Resorts Stock Up 0.6%

MTN stock opened at $155.02 on Wednesday. The firm has a market cap of $5.76 billion, a PE ratio of 20.92, a P/E/G ratio of 2.44 and a beta of 0.86. Vail Resorts has a 12 month low of $129.85 and a 12 month high of $199.45. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.63 and a quick ratio of 0.54. The firm has a 50 day simple moving average of $152.95 and a 200 day simple moving average of $152.54.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, September 29th. The company reported ($5.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.75) by ($0.33). Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The business had revenue of $271.29 million during the quarter, compared to analyst estimates of $272.87 million. During the same quarter last year, the firm posted ($4.67) EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts forecast that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vail Resorts

A number of institutional investors have recently modified their holdings of the stock. Bamco Inc. NY increased its stake in shares of Vail Resorts by 3.6% in the second quarter. Bamco Inc. NY now owns 5,475,549 shares of the company’s stock worth $860,373,000 after acquiring an additional 191,327 shares during the last quarter. Principal Financial Group Inc. grew its stake in Vail Resorts by 0.4% in the first quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company’s stock valued at $264,686,000 after purchasing an additional 5,788 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 worth $207,531,000 after purchasing an additional 31,852 shares during the last quarter. First Pacific Advisors LP raised its stake in shares of Vail Resorts by 23.4% during 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 in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Vail Resorts by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 691,467 shares of the company’s stock valued at $108,668,000 after buying an additional 2,274 shares during the last quarter. Institutional investors and hedge funds own 94.90% of the company’s stock.

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.