Vail Resorts (NYSE:MTN) PT Lowered to $303.00

Vail Resorts (NYSE:MTN – Get Rating) had its target price reduced by analysts at Deutsche Bank Aktiengesellschaft from $305.00 to $303.00 in a research note issued on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 14.98% from the stock’s current price.

MTN has been the subject of a number of other research reports. KeyCorp dropped their price objective on Vail Resorts from $370.00 to $330.00 and set an “overweight” rating for the company in a report on Tuesday, March 15th. StockNews.com started coverage on Vail Resorts in a report on Thursday, March 31st. They issued a “hold” rating for the company. Stifel Nicolaus boosted their target price on Vail Resorts from $262.00 to $274.00 and gave the company a “hold” rating in a research note on Wednesday, March 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Vail Resorts from $345.00 to $314.00 and set a “neutral” rating for the company in a research note on Wednesday, January 19th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $328.25.

NYSE MTN opened at $263.52 on Tuesday. The stock has a 50-day simple moving average of $256.75 and a 200 day simple moving average of $299.15. The company has a market capitalization of $10.69 billion, a PE ratio of 50.10 and a beta of 1.26. The company has a current ratio of 1.53, a quick ratio of 1.44 and a debt-to-equity ratio of 1.50. Vail Resorts has a 12 month low of $221.38 and a 12 month high of $376.24.

Vail Resorts (NYSE:MTN – Get Rating) last released its quarterly earnings data on Monday, March 14th. The company reported $5.47 EPS for the quarter, missing analysts’ consensus estimates of $5.72 by ($0.25). The company had revenue of $906.54 million during the quarter, compared to the consensus estimate of $954.87 million. Vail Resorts had a net margin of 10.02% and a return on equity of 11.91%. The company’s revenue for the quarter was up 32.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.62 EPS. As a group, sell-side analysts predict that Vail Resorts will post 8.31 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of MTN. UMB Bank N A MO acquired a new position in shares of Vail Resorts during the fourth quarter worth about $32,000. CWM LLC acquired a new position in shares of Vail Resorts during the fourth quarter worth about $34,000. Kozak & Associates Inc. acquired a new position in shares of Vail Resorts during the third quarter worth about $35,000. National Bank of Canada FI acquired a new position in shares of Vail Resorts during the fourth quarter worth about $46,000. Finally, Baldwin Brothers LLC MA acquired a new position in shares of Vail Resorts during the first quarter worth about $52,000.

About Vail Resorts (Get Rating)

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 37 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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