Vail Resorts (NYSE:MTN) Price Target Raised to $172.00 at JPMorgan Chase & Co.

Vail Resorts (NYSE:MTN) had its price target upped by stock analysts at JPMorgan Chase & Co. from $168.00 to $172.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 12.82% from the company’s current price.

Several other research firms also recently weighed in on MTN. Wall Street Zen downgraded Vail Resorts from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft set a $169.00 price target on Vail Resorts in a research note on Thursday. Weiss Ratings downgraded Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Truist Financial reduced their target price on shares of Vail Resorts from $244.00 to $237.00 and set a “buy” rating on the stock in a report on Tuesday, September 30th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price target (down previously from $180.00) on shares of Vail Resorts in a report on Tuesday, September 30th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $176.50.

Vail Resorts Price Performance

NYSE MTN traded up $10.84 on Thursday, hitting $152.45. 1,550,507 shares of the company’s stock were exchanged, compared to its average volume of 693,907. The stock has a 50-day moving average of $146.70 and a 200-day moving average of $152.47. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 20.60, a P/E/G ratio of 2.46 and a beta of 0.81. Vail Resorts has a 52 week low of $129.85 and a 52 week high of $196.64. The company has a current ratio of 0.63, a quick ratio of 0.56 and a debt-to-equity ratio of 3.44.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($5.23) by $0.03. Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.The company had revenue of $271.03 million for the quarter, compared to analyst estimates of $273.35 million. During the same quarter last year, the company posted ($4.61) EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. Analysts expect that Vail Resorts will post 7.62 earnings per share for the current year.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch acquired 210 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were purchased at an average price of $155.00 per share, for a total transaction of $32,550.00. Following the completion of the acquisition, the chief financial officer owned 4,905 shares of the company’s stock, valued at approximately $760,275. This trade represents a 4.47% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Swiss Life Asset Management Ltd acquired a new stake in Vail Resorts in the third quarter valued at approximately $250,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Vail Resorts by 23.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,761 shares of the company’s stock worth $263,000 after purchasing an additional 334 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Vail Resorts in the 3rd quarter worth $265,000. Sunbelt Securities Inc. grew its position in Vail Resorts by 38.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 525 shares of the company’s stock valued at $79,000 after purchasing an additional 147 shares during the period. Finally, Captrust Financial Advisors bought a new stake in Vail Resorts during the 3rd quarter valued at $3,467,000. 94.90% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Company Profile

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.