JPMorgan Chase & Co. Lowers Vail Resorts (NYSE:MTN) Price Target to $166.00

Vail Resorts (NYSE:MTN) had its price objective lowered by equities research analysts at JPMorgan Chase & Co. from $176.00 to $166.00 in a report released on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 8.05% from the stock’s previous close.

MTN has been the subject of a number of other research reports. Mizuho increased their price objective on shares of Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Barclays upped their price objective on shares of Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a report on Tuesday, December 10th. UBS Group initiated coverage on shares of Vail Resorts in a report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 target price on the stock. Truist Financial cut their price target on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Finally, Stifel Nicolaus upped their price objective on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $204.50.

Vail Resorts Stock Down 2.3 %

Shares of MTN opened at $180.53 on Friday. The stock has a 50 day moving average price of $184.10 and a 200 day moving average price of $179.14. Vail Resorts has a one year low of $165.00 and a one year high of $236.92. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 29.99, a PEG ratio of 2.07 and a beta of 1.12.

Vail Resorts (NYSE:MTN) last announced its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, topping the consensus estimate of ($4.99) by $0.38. The company had revenue of $260.28 million for the quarter, compared to analysts’ expectations 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 in the previous year, the company posted ($4.60) EPS. Equities research analysts forecast that Vail Resorts will post 7.57 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 company. V Square Quantitative Management LLC purchased a new stake in Vail Resorts during the third quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in Vail Resorts during the 3rd quarter worth approximately $25,000. Brown Brothers Harriman & Co. boosted its position in Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after buying an additional 153 shares during the period. UMB Bank n.a. increased its position in shares of Vail Resorts by 123.5% during the third quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after acquiring an additional 121 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Vail Resorts in the fourth quarter valued at $40,000. 94.94% of the stock is currently 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.