Vail Resorts (NYSE:MTN) Price Target Cut to $237.00 by Analysts at Truist Financial

Vail Resorts (NYSE:MTN) had its price objective cut by Truist Financial from $244.00 to $237.00 in a report issued on Tuesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

A number of other brokerages have also weighed in on MTN. Stifel Nicolaus restated a “buy” rating and set a $175.00 price target (down previously from $180.00) on shares of Vail Resorts in a research note on Tuesday. UBS Group dropped their price target on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 11th. Barclays dropped their price target on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft dropped their target price on Vail Resorts from $170.00 to $165.00 and set a “hold” rating on the stock in a research report on Wednesday, September 17th. Finally, Bank of America dropped their target price on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $175.80.

Vail Resorts Price Performance

Shares of MTN stock opened at $149.34 on Tuesday. 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 $5.55 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.95 and a beta of 0.87. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.54 and a current ratio of 0.61. The stock’s 50-day simple moving average is $153.15 and its 200-day simple moving average is $152.58.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, September 29th. The company reported ($5.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.75) by ($0.33). Vail Resorts had a return on equity of 30.03% and a net margin of 9.45%.The business had revenue of $271.29 million for the quarter, compared to analysts’ expectations of $272.87 million. During the same quarter in the previous year, the firm posted ($4.67) EPS. Vail Resorts’s revenue was up 2.2% 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 Monday, October 27th. Shareholders of record on Thursday, October 9th will be issued a $2.22 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $8.88 dividend on an annualized basis and a yield of 5.9%. 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. Bamco Inc. NY lifted its holdings in Vail Resorts by 3.6% in the second quarter. Bamco Inc. NY now owns 5,475,549 shares of the company’s stock valued at $860,373,000 after acquiring an additional 191,327 shares during the period. Principal Financial Group Inc. lifted its holdings in Vail Resorts by 0.4% in the first quarter. Principal Financial Group Inc. now owns 1,654,081 shares of the company’s stock valued at $264,686,000 after acquiring an additional 5,788 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Vail Resorts by 2.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,320,763 shares of the company’s stock valued at $207,531,000 after acquiring an additional 31,852 shares during the period. First Pacific Advisors LP lifted its holdings in Vail Resorts by 23.4% in the second quarter. First Pacific Advisors LP now owns 993,735 shares of the company’s stock valued at $156,146,000 after acquiring an additional 188,151 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Vail Resorts by 0.3% in the second quarter. Geode Capital Management LLC now owns 691,467 shares of the company’s stock valued at $108,668,000 after acquiring an additional 2,274 shares during the period. 94.90% 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.