Vail Resorts (NYSE:MTN) PT Lowered to $243.00 at JPMorgan Chase & Co.

Vail Resorts (NYSE:MTN) had its price objective reduced by analysts at JPMorgan Chase & Co. from $252.00 to $243.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 18.67% from the stock’s previous close.

MTN has been the topic of several other reports. Stifel Nicolaus reiterated a “buy” rating and set a $263.00 price objective on shares of Vail Resorts in a research report on Friday, March 22nd. Mizuho initiated coverage on shares of Vail Resorts in a research report on Tuesday, March 26th. They set a “buy” rating and a $256.00 price objective on the stock. Truist Financial restated a “buy” rating and set a $290.00 price target on shares of Vail Resorts in a report on Friday, January 19th. Bank of America cut shares of Vail Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the company from $285.00 to $250.00 in a report on Friday, March 8th. Finally, Morgan Stanley boosted their price target on shares of Vail Resorts from $247.00 to $248.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $260.11.

Vail Resorts Trading Up 1.0 %

Vail Resorts stock opened at $204.77 on Monday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 2.17 and a beta of 1.11. Vail Resorts has a 1 year low of $200.51 and a 1 year high of $258.13. The firm’s 50 day moving average price is $224.09 and its two-hundred day moving average price is $221.19.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing the consensus estimate of $6.07 by ($0.31). Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm posted $5.16 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, research analysts predict that Vail Resorts will post 7.69 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Peter A. Vaughn sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total value of $222,770.00. Following the completion of the sale, the director now directly owns 7,592 shares in the company, valued at $1,691,269.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Vail Resorts

A number of hedge funds have recently bought and sold shares of MTN. Norges Bank bought a new stake in Vail Resorts during the fourth quarter valued at about $85,704,000. Nordea Investment Management AB boosted its holdings in Vail Resorts by 2,451.9% during the fourth quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock valued at $89,931,000 after acquiring an additional 400,941 shares during the period. APG Asset Management US Inc. bought a new stake in Vail Resorts during the fourth quarter valued at about $37,684,000. Ceredex Value Advisors LLC bought a new stake in Vail Resorts during the fourth quarter valued at about $35,645,000. Finally, London Co. of Virginia bought a new stake in Vail Resorts during the third quarter valued at about $32,280,000. 94.94% of the stock is currently owned by 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.