Vail Resorts (NYSE:MTN) Given New $215.00 Price Target at Mizuho

by · The Markets Daily

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

A number of other equities analysts have also recently commented on MTN. JPMorgan Chase & Co. lifted their price target on Vail Resorts from $166.00 to $167.00 and gave the stock an “underweight” rating in a report on Tuesday. Truist Financial decreased their price objective on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a report on Tuesday, December 10th. Morgan Stanley decreased their price target on shares of Vail Resorts from $197.00 to $178.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, StockNews.com upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $194.67.

Get Our Latest Stock Analysis on Vail Resorts

Vail Resorts Stock Up 6.8 %

MTN traded up $10.43 during trading on Tuesday, reaching $164.01. The company had a trading volume of 864,331 shares, compared to its average volume of 553,950. The business’s fifty day moving average price is $168.90 and its 200 day moving average price is $176.04. 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 has a 12 month low of $151.99 and a 12 month high of $233.57. The company has a market cap of $6.14 billion, a P/E ratio of 27.26, a PEG ratio of 1.93 and a beta of 1.12.

Vail Resorts (NYSE:MTN – Get Free Report) last announced its earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.29 by $0.27. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. Vail Resorts’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $5.76 EPS. 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 have recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Vail Resorts during the 3rd quarter valued at about $25,000. Heck Capital Advisors LLC bought a new stake in Vail Resorts in the fourth quarter valued at $33,000. Blue Trust Inc. grew its stake in shares of Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after buying an additional 148 shares during the period. Eagle Bay Advisors LLC acquired a new position in Vail Resorts during the 4th quarter worth approximately $40,000. Finally, GeoWealth Management LLC boosted its holdings in Vail Resorts by 162.2% in the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock worth $55,000 after acquiring an additional 180 shares in the last quarter. 94.94% of the stock is owned by institutional investors.

About Vail Resorts

(Get Free Report)

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.

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