Vail Resorts, Inc. (NYSE:MTN) Given Consensus Rating of “Hold” by Analysts

Shares of Vail Resorts, Inc. (NYSE:MTN) have been given an average recommendation of “Hold” by the fifteen analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $149.8333.

Several equities research analysts have commented on MTN shares. Barclays decreased their price objective on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating for the company in a research note on Tuesday, June 9th. Truist Financial dropped their price objective on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. Mizuho set a $174.00 price target on Vail Resorts in a report on Tuesday, June 9th. The Goldman Sachs Group began coverage on shares of Vail Resorts in a research note on Thursday, August 13th. They set a “sell” rating and a $132.00 price objective for the company. Finally, Stifel Nicolaus decreased their price target on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th.

Institutional Investors Weigh In On Vail Resorts

Several hedge funds have recently bought and sold shares of the stock. Clearstead Advisors LLC lifted its stake in Vail Resorts by 21.5% during the fourth quarter. Clearstead Advisors LLC now owns 424 shares of the company’s stock worth $56,000 after purchasing an additional 75 shares during the last quarter. Comerica Bank grew its holdings in shares of Vail Resorts by 0.4% in the third quarter. Comerica Bank now owns 17,552 shares of the company’s stock worth $2,625,000 after purchasing an additional 78 shares during the last quarter. State of Michigan Retirement System increased its position in shares of Vail Resorts by 1.2% in the first quarter. State of Michigan Retirement System now owns 8,600 shares of the company’s stock valued at $1,104,000 after acquiring an additional 100 shares during the period. Golden State Wealth Management LLC increased its holdings in Vail Resorts by 83.3% during the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after purchasing an additional 100 shares during the period. Finally, UMB Bank n.a. raised its position in Vail Resorts by 32.9% during the 4th quarter. UMB Bank n.a. now owns 440 shares of the company’s stock valued at $58,000 after purchasing an additional 109 shares during the last quarter. 94.90% of the stock is currently owned by institutional investors.

Vail Resorts Stock Down 1.3%

Vail Resorts stock opened at $133.17 on Wednesday. Vail Resorts has a 52-week low of $118.51 and a 52-week high of $163.34. The firm has a 50 day moving average price of $145.96 and a two-hundred day moving average price of $136.97. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 30.27, a PEG ratio of 8.90 and a beta of 0.69. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing analysts’ consensus estimates of $8.97 by ($0.16). The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $10.54 earnings per share. Equities analysts predict that Vail Resorts will post 4.32 EPS for the current year.

About Vail Resorts

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.