Macquarie Cuts Vail Resorts (NYSE:MTN) Price Target to $185.00

Vail Resorts (NYSE:MTN) had its target price cut by stock analysts at Macquarie from $195.00 to $185.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Macquarie’s price objective would suggest a potential upside of 13.64% from the company’s current price.

Other equities analysts have also issued reports about the stock. Mizuho lowered their price target on shares of Vail Resorts from $227.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday. UBS Group initiated coverage on Vail Resorts in a report on Thursday, November 14th. They set a “neutral” rating and a $185.00 target price on the stock. Barclays reaffirmed an “underweight” rating and issued a $152.00 price target (down previously from $165.00) on shares of Vail Resorts in a report on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, Stifel Nicolaus upped their target price 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, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $193.56.

Vail Resorts Price Performance

Vail Resorts stock traded down $2.63 during midday trading on Wednesday, reaching $162.79. The company had a trading volume of 239,195 shares, compared to its average volume of 554,991. The company has a market capitalization of $6.09 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.93 and a beta of 1.12. The firm’s fifty day simple moving average is $168.46 and its 200-day simple moving average is $175.96. Vail Resorts has a 12-month low of $151.99 and a 12-month high of $233.57. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, March 10th. The company reported $6.56 EPS for the quarter, beating the consensus estimate of $6.29 by $0.27. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the company earned $5.76 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Vail Resorts will post 7.62 EPS for the current year.

Institutional Investors Weigh In On Vail Resorts

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Azzad Asset Management Inc. ADV boosted its holdings in 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 acquiring an additional 1,164 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of Vail Resorts during the 4th quarter worth about $33,000. Integrated Advisors Network LLC purchased a new position in Vail Resorts in the fourth quarter valued at approximately $3,637,000. Parr Mcknight Wealth Management Group LLC acquired a new stake in Vail Resorts during the 4th quarter worth $1,015,000. Finally, Vise Technologies Inc. acquired a new stake in Vail Resorts during the 4th quarter worth $201,000. 94.94% of the stock is owned by hedge funds and other institutional investors.

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.