Vail Resorts (NYSE:MTN) Price Target Cut to $151.00 by Analysts at Deutsche Bank Aktiengesellschaft

Vail Resorts (NYSE:MTN) had its price objective cut by Deutsche Bank Aktiengesellschaft from $159.00 to $151.00 in a report released on Friday,MarketScreener reports. They currently have a hold rating on the stock.

Several other research firms also recently commented on MTN. Barclays set a $140.00 price objective on Vail Resorts in a report on Wednesday, February 4th. Morgan Stanley set a $150.00 target price on shares of Vail Resorts in a report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vail Resorts in a research report on Monday, December 29th. UBS Group reiterated a “neutral” rating and issued a $169.00 price target on shares of Vail Resorts in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Vail Resorts from $168.00 to $172.00 and gave the company a “neutral” rating in a research report on Thursday, December 11th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Vail Resorts currently has a consensus rating of “Hold” and a consensus price target of $172.82.

Vail Resorts Stock Down 0.8%

Vail Resorts stock traded down $1.07 during mid-day trading on Friday, reaching $139.18. The company’s stock had a trading volume of 979,762 shares, compared to its average volume of 733,599. The company has a debt-to-equity ratio of 5.52, a quick ratio of 0.46 and a current ratio of 0.54. Vail Resorts has a 12 month low of $126.15 and a 12 month high of $175.51. The business’s 50 day simple moving average is $137.54 and its 200 day simple moving average is $145.33. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 8.51 and a beta of 0.78.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Wednesday, December 10th. The company reported ($5.20) EPS for the quarter, topping the consensus estimate of ($5.23) by $0.03. The firm had revenue of $271.03 million for the quarter, compared to analysts’ expectations of $273.35 million. Vail Resorts had a net margin of 8.94% and a return on equity of 32.51%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($4.61) EPS. As a group, research analysts anticipate that Vail Resorts will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Tuesday, December 30th were issued a dividend of $2.22 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 6.4%. Vail Resorts’s payout ratio is presently 130.21%.

Institutional Investors Weigh In On Vail Resorts

Hedge funds have recently added to or reduced their stakes in the business. World Investment Advisors bought a new stake in shares of Vail Resorts during the 3rd quarter worth about $1,118,000. TD Waterhouse Canada Inc. lifted its position in Vail Resorts by 376.3% during the third quarter. TD Waterhouse Canada Inc. now owns 16,584 shares of the company’s stock worth $2,553,000 after acquiring an additional 13,102 shares during the last quarter. Blume Capital Management Inc. lifted its position in Vail Resorts by 317.0% during the third quarter. Blume Capital Management Inc. now owns 9,703 shares of the company’s stock worth $1,451,000 after acquiring an additional 7,376 shares during the last quarter. Rice Hall James & Associates LLC boosted its holdings in shares of Vail Resorts by 11.4% during the third quarter. Rice Hall James & Associates LLC now owns 115,724 shares of the company’s stock worth $17,309,000 after acquiring an additional 11,809 shares during the period. Finally, Confluence Investment Management LLC acquired a new position in shares of Vail Resorts in the third quarter valued at approximately $8,160,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season?long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.