Mizuho Cuts Vail Resorts (NYSE:MTN) Price Target to $215.00

Vail Resorts (NYSE:MTN) had its target price reduced by analysts at Mizuho from $227.00 to $215.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 31.09% from the company’s current price.

A number of other brokerages also recently issued reports on MTN. JPMorgan Chase & Co. raised their price objective on shares of Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a research report on Tuesday. Macquarie raised their target price on shares of Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Barclays reiterated an “underweight” rating and issued a $152.00 price objective (down from $165.00) on shares of Vail Resorts in a report on Monday. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus boosted their target price on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Vail Resorts currently has an average rating of “Hold” and a consensus target price of $194.67.

Vail Resorts Stock Performance

MTN stock traded up $10.43 during mid-day trading on Tuesday, hitting $164.01. The company had a trading volume of 864,331 shares, compared to its average volume of 553,950. Vail Resorts has a 12 month low of $151.99 and a 12 month high of $233.57. The stock’s fifty day moving average price is $168.90 and its two-hundred day moving average price is $176.04. The firm has a market cap of $6.14 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted $5.76 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts forecast that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vail Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Azzad Asset Management Inc. ADV lifted its holdings in shares of Vail Resorts by 11.3% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 11,436 shares of the company’s stock valued at $2,144,000 after buying an additional 1,164 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of Vail Resorts during the 4th quarter valued at about $33,000. Integrated Advisors Network LLC bought a new position in shares of Vail Resorts in the 4th quarter worth approximately $3,637,000. Parr Mcknight Wealth Management Group LLC bought a new stake in Vail Resorts during the fourth quarter valued at approximately $1,015,000. Finally, Vise Technologies Inc. purchased a new stake in Vail Resorts during the fourth quarter valued at approximately $201,000. Institutional investors own 94.94% of the company’s stock.

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.