Vail Resorts (NYSE:MTN) Price Target Lowered to $146.00 at Morgan Stanley

Vail Resorts (NYSE:MTN) had its price target reduced by Morgan Stanley from $155.00 to $146.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

MTN has been the subject of several other research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 target price (down previously from $180.00) on shares of Vail Resorts in a research report on Tuesday. Bank of America decreased their target price on Vail Resorts from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price objective on Vail Resorts from $170.00 to $165.00 and set a “hold” rating for the company in a research report on Wednesday, September 17th. Barclays reduced their price objective on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating for the company in a research report on Tuesday. Finally, UBS Group reduced their price objective on Vail Resorts from $185.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, June 11th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $174.90.

Vail Resorts Price Performance

Shares of MTN opened at $153.99 on Wednesday. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 1.97 and a beta of 0.86. The stock has a 50 day moving average of $153.00 and a 200-day moving average of $152.59. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 3.44. Vail Resorts has a 52 week low of $129.85 and a 52 week high of $199.45.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, September 29th. The company reported ($5.08) EPS for the quarter, missing the consensus estimate of ($4.75) by ($0.33). The firm had revenue of $271.29 million during the quarter, compared to analyst estimates of $272.87 million. Vail Resorts had a return on equity of 31.54% and a net margin of 9.45%.Vail Resorts’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($4.67) EPS. As a group, analysts forecast that Vail Resorts will post 7.62 EPS for the current year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Thursday, October 9th will be issued a $2.22 dividend. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Thursday, October 9th. Vail Resorts’s payout ratio is presently 119.84%.

Hedge Funds Weigh In On Vail Resorts

A number of hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after buying an additional 155 shares in the last quarter. SouthState Corp purchased a new position in shares of Vail Resorts during the first quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Vail Resorts by 196.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock valued at $29,000 after buying an additional 124 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Vail Resorts by 676.0% during the second quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock valued at $30,000 after buying an additional 169 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Vail Resorts by 222.7% during the second quarter. Parkside Financial Bank & Trust now owns 213 shares of the company’s stock valued at $33,000 after buying an additional 147 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors and hedge funds.

About Vail Resorts

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.