Vail Resorts (NYSE:MTN) Price Target Lowered to $169.00 at UBS Group

Vail Resorts (NYSE:MTN) had its price objective cut by UBS Group from $185.00 to $169.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft dropped their price target on Vail Resorts from $183.00 to $171.00 and set a “hold” rating on the stock in a research note on Thursday, May 29th. Barclays reiterated an “underweight” rating and issued a $152.00 target price (down previously from $165.00) on shares of Vail Resorts in a research report on Monday, March 10th. Truist Financial dropped their target price on Vail Resorts from $247.00 to $244.00 and set a “buy” rating on the stock in a research report on Friday, June 6th. JPMorgan Chase & Co. upgraded Vail Resorts from an “underweight” rating to a “neutral” rating and set a $167.00 target price on the stock in a research report on Wednesday, May 28th. Finally, Mizuho upped their target price on Vail Resorts from $215.00 to $216.00 and gave the company an “outperform” rating in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $187.20.

Vail Resorts Price Performance

Shares of MTN stock opened at $151.79 on Wednesday. Vail Resorts has a fifty-two week low of $129.85 and a fifty-two week high of $199.45. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.93 and a beta of 0.91. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The stock’s 50-day simple moving average is $145.66 and its 200-day simple moving average is $163.13.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, June 5th. The company reported $10.54 earnings per share for the quarter, topping analysts’ consensus estimates of $10.00 by $0.54. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm earned $9.54 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. As a group, equities analysts forecast that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 24th will be issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date of this dividend is Tuesday, June 24th. Vail Resorts’s payout ratio is presently 113.55%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Sterling Capital Management LLC lifted its holdings in Vail Resorts by 8.5% in the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company’s stock valued at $165,000 after acquiring an additional 69 shares during the period. Accretive Wealth Partners LLC raised its stake in shares of Vail Resorts by 1.5% during the 4th quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company’s stock worth $992,000 after buying an additional 80 shares during the period. Argonautica Private Wealth Management Inc. raised its stake in shares of Vail Resorts by 6.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,478 shares of the company’s stock worth $277,000 after buying an additional 96 shares during the period. State of Michigan Retirement System raised its stake in shares of Vail Resorts by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 9,000 shares of the company’s stock worth $1,440,000 after buying an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Vail Resorts by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,500 shares of the company’s stock worth $1,680,000 after buying an additional 100 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

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.