Vail Resorts (NYSE:MTN) Given New $161.00 Price Target at Barclays

Vail Resorts (NYSE:MTNFree Report) had its price objective trimmed by Barclays from $201.00 to $161.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has an underweight rating on the stock.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus reduced their price objective on Vail Resorts from $262.00 to $259.00 and set a buy rating for the company in a report on Friday. Morgan Stanley cut their price target on Vail Resorts from $229.00 to $179.00 and set an equal weight rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Vail Resorts from $244.00 to $226.00 in a research note on Thursday. Bank of America cut shares of Vail Resorts from a buy rating to a neutral rating and cut their target price for the stock from $285.00 to $250.00 in a research report on Friday, March 8th. Finally, Mizuho lowered their price target on shares of Vail Resorts from $256.00 to $231.00 and set a buy rating on the stock in a research report on Friday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $232.56.

Check Out Our Latest Stock Report on MTN

Vail Resorts Stock Down 10.3 %

Shares of NYSE MTN opened at $173.91 on Friday. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 2.13 and a beta of 1.14. Vail Resorts has a 52 week low of $165.14 and a 52 week high of $258.13. The firm has a 50-day moving average price of $205.22 and a 200 day moving average price of $216.36. 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 posted its quarterly earnings results on Thursday, June 6th. The company reported $9.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.94 by ($0.40). The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.31 billion. Vail Resorts had a net margin of 9.59% and a return on equity of 24.36%. Equities research analysts anticipate that Vail Resorts will post 7.54 EPS for the current fiscal year.

Vail Resorts Dividend Announcement

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

Insider Buying and Selling

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the business’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 completion of the transaction, the director now directly owns 7,592 shares in the company, valued at approximately $1,691,269.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vail Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jump Financial LLC grew its holdings in Vail Resorts by 137.3% in the 3rd quarter. Jump Financial LLC now owns 2,418 shares of the company’s stock valued at $537,000 after buying an additional 1,399 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Vail Resorts in the third quarter valued at approximately $1,579,000. Janney Montgomery Scott LLC increased its position in Vail Resorts by 16.9% during the third quarter. Janney Montgomery Scott LLC now owns 17,467 shares of the company’s stock worth $3,876,000 after purchasing an additional 2,523 shares during the last quarter. Shell Asset Management Co. raised its stake in Vail Resorts by 5.9% during the third quarter. Shell Asset Management Co. now owns 1,200 shares of the company’s stock worth $266,000 after purchasing an additional 67 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Vail Resorts by 20.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 1,670 shares of the company’s stock worth $371,000 after purchasing an additional 284 shares during the period. 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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