Truist Financial Lowers Vail Resorts (NYSE:MTN) Price Target to $262.00

Vail Resorts (NYSE:MTN – Get Rating) had its target price reduced by stock analysts at Truist Financial from $292.00 to $262.00 in a research note issued on Friday, The Fly reports. Truist Financial’s price target suggests a potential upside of 18.48% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. Credit Suisse Group dropped their price objective on shares of Vail Resorts from $380.00 to $333.00 in a report on Friday. Bank of America dropped their price objective on shares of Vail Resorts from $275.00 to $250.00 in a report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Vail Resorts from $246.00 to $262.00 and gave the company a “neutral” rating in a report on Monday, December 12th. Stifel Nicolaus dropped their price objective on shares of Vail Resorts from $261.00 to $238.00 in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Vail Resorts from $289.00 to $269.00 in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Vail Resorts currently has an average rating of “Hold” and an average price target of $267.00.

Vail Resorts Stock Down 3.3 %

MTN stock opened at $221.13 on Friday. The stock has a market capitalization of $8.92 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 4.91 and a beta of 1.19. The company has a current ratio of 1.21, a quick ratio of 1.10 and a debt-to-equity ratio of 1.78. Vail Resorts has a 12 month low of $201.91 and a 12 month high of $273.43. The firm has a 50-day moving average price of $247.07 and a 200-day moving average price of $236.95.

Vail Resorts (NYSE:MTN – Get Rating) last posted its earnings results on Thursday, March 9th. The company reported $5.16 EPS for the quarter, missing analysts’ consensus estimates of $6.19 by ($1.03). The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. Vail Resorts had a return on equity of 18.42% and a net margin of 11.88%. The firm’s revenue was up 21.5% compared to the same quarter last year. During the same period last year, the company posted $5.47 EPS. As a group, equities research analysts anticipate that Vail Resorts will post 8.93 EPS for the current fiscal year.

Insider Transactions at Vail Resorts

In other news, CFO Michael Z. Barkin sold 6,891 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $258.92, for a total transaction of $1,784,217.72. Following the completion of the sale, the chief financial officer now owns 14,303 shares of the company’s stock, valued at approximately $3,703,332.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.15% of the company’s stock.

Institutional Trading of Vail Resorts

Large investors have recently modified their holdings of the stock. American Century Companies Inc. grew its position in Vail Resorts by 21.8% in the 1st quarter. American Century Companies Inc. now owns 1,565 shares of the company’s stock valued at $407,000 after purchasing an additional 280 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Vail Resorts by 7.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 876 shares of the company’s stock valued at $228,000 after purchasing an additional 63 shares during the period. Private Advisor Group LLC grew its position in Vail Resorts by 4.4% in the 1st quarter. Private Advisor Group LLC now owns 1,811 shares of the company’s stock valued at $471,000 after purchasing an additional 76 shares during the period. MetLife Investment Management LLC acquired a new stake in Vail Resorts in the 1st quarter valued at $672,000. Finally, Panagora Asset Management Inc. acquired a new stake in Vail Resorts in the 1st quarter valued at $691,000. Institutional investors and hedge funds own 94.12% of the company’s stock.

About Vail Resorts

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Vail Resorts, Inc is a holding company, which engages in the operation of mountain resorts. It operates through the following segments: Mountain, Lodging, and Real Estate. The Mountain segment covers the operation of mountain resorts or ski areas, and related activities. The Lodging segment includes ownership of hotels, RockResorts, NPS concessionaire properties, condominium management, Colorado resort ground transportation operations, and mountain resort golf operations.