Vail Resorts (NYSE:MTN) Stock Rating Upgraded by StockNews.com

Vail Resorts (NYSE:MTN) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

Other equities analysts also recently issued reports about the company. Barclays raised their price objective on Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 10th. Macquarie increased their price objective on shares of Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday. Morgan Stanley boosted their target price on shares of Vail Resorts from $182.00 to $197.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft increased their price target on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Truist Financial dropped their price objective on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $205.50.

Vail Resorts Price Performance

Shares of MTN opened at $190.42 on Friday. The business has a 50-day simple moving average of $177.35 and a two-hundred day simple moving average of $178.78. Vail Resorts has a 12-month low of $165.00 and a 12-month high of $236.92. The stock has a market cap of $7.13 billion, a PE ratio of 31.63, a PEG ratio of 2.22 and a beta of 1.14. The company has a quick ratio of 0.71, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. The business had revenue of $260.28 million during the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned ($4.60) EPS. Analysts anticipate that Vail Resorts will post 7.49 earnings per share for the current fiscal year.

Insider Activity

In other news, Director John F. Sorte sold 1,670 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total value of $289,026.90. Following the completion of the sale, the director now directly owns 45,111 shares of the company’s stock, valued at $7,807,360.77. This represents a 3.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total value of $1,635,910.08. Following the completion of the transaction, the insider now owns 245,961 shares in the company, valued at $43,284,216.78. This represents a 3.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Vail Resorts

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its holdings in Vail Resorts by 507.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 11,380 shares of the company’s stock worth $2,050,000 after acquiring an additional 9,506 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Vail Resorts during the second quarter valued at about $1,486,000. AQR Capital Management LLC boosted its holdings in Vail Resorts by 1,063.7% during the second quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock worth $31,767,000 after purchasing an additional 161,820 shares during the last quarter. River Road Asset Management LLC grew its position in Vail Resorts by 606.6% in the 3rd quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock worth $59,487,000 after purchasing an additional 293,006 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Vail Resorts in the 3rd quarter valued at about $12,577,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

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.