Vail Resorts (NYSE:MTN) Downgraded to “Underweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Vail Resorts (NYSE:MTNFree Report) from a neutral rating to an underweight rating in a research report sent to investors on Friday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has $176.00 target price on the stock, down from their previous target price of $217.00.

A number of other brokerages have also issued reports on MTN. Deutsche Bank Aktiengesellschaft lowered their price target on Vail Resorts from $244.00 to $226.00 in a research note on Thursday. Mizuho started coverage on shares of Vail Resorts in a research note on Tuesday, March 26th. They set a buy rating and a $256.00 target price on the stock. Bank of America cut shares of Vail Resorts from a buy rating to a neutral rating and reduced their target price for the company from $285.00 to $250.00 in a research report on Friday, March 8th. Stifel Nicolaus reissued a buy rating and issued a $263.00 price target on shares of Vail Resorts in a research note on Friday, March 22nd. Finally, Morgan Stanley dropped their price objective on shares of Vail Resorts from $242.00 to $229.00 and set an equal weight rating for the company in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Vail Resorts presently has a consensus rating of Hold and an average target price of $232.56.

Check Out Our Latest Report on Vail Resorts

Vail Resorts Stock Performance

MTN opened at $173.91 on Friday. The firm’s fifty day simple moving average is $205.22 and its two-hundred day simple moving average is $216.36. Vail Resorts has a 52-week low of $165.14 and a 52-week high of $258.13. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.13 and a beta of 1.14. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37.

Vail Resorts (NYSE:MTNGet Free Report) last released its quarterly earnings results on Thursday, June 6th. The company reported $9.54 earnings per share for the quarter, missing the consensus estimate of $9.94 by ($0.40). Vail Resorts had a return on equity of 24.36% and a net margin of 9.59%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.31 billion. Equities analysts anticipate that Vail Resorts will post 7.54 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th will be issued a dividend of $2.22 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.11%. Vail Resorts’s dividend payout ratio is currently 120.82%.

Insider Activity at Vail Resorts

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

Hedge Funds Weigh In On Vail Resorts

Hedge funds have recently made changes to their positions in the stock. Park Place Capital Corp boosted its position in shares of Vail Resorts by 531.6% during the fourth quarter. Park Place Capital Corp now owns 120 shares of the company’s stock worth $26,000 after buying an additional 101 shares during the period. Rise Advisors LLC lifted its stake in Vail Resorts by 62.2% during the 4th quarter. Rise Advisors LLC now owns 159 shares of the company’s stock worth $34,000 after acquiring an additional 61 shares in the last quarter. Quarry LP purchased a new position in Vail Resorts during the 4th quarter valued at about $35,000. Desjardins Global Asset Management Inc. grew its position in Vail Resorts by 70.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 167 shares of the company’s stock valued at $36,000 after acquiring an additional 69 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Vail Resorts during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Vail Resorts Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Vail Resorts (NYSE:MTN)

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