Vail Resorts (NYSE:MTN) Rating Lowered to “Sell” at Wall Street Zen

Vail Resorts (NYSE:MTN) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also issued reports on MTN. Bank of America lowered their target price on shares of Vail Resorts from $175.00 to $165.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Zacks Research raised Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Mizuho reduced their price objective on Vail Resorts from $216.00 to $195.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vail Resorts in a research report on Monday, December 29th. Finally, Barclays dropped their target price on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $176.00.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $137.61 on Friday. The company’s fifty day moving average price is $143.08 and its 200 day moving average price is $150.68. Vail Resorts has a 12 month low of $129.41 and a 12 month high of $187.42. The company has a debt-to-equity ratio of 5.52, a current ratio of 0.54 and a quick ratio of 0.46. The firm has a market capitalization of $4.92 billion, a P/E ratio of 20.18, a P/E/G ratio of 10.64 and a beta of 0.81.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Wednesday, December 10th. The company reported ($5.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.23) by $0.03. Vail Resorts had a return on equity of 32.51% and a net margin of 8.94%.The company had revenue of $271.03 million for the quarter, compared to analyst estimates of $273.35 million. During the same quarter last year, the company posted ($4.61) earnings per share. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vail Resorts

Large investors have recently made changes to their positions in the stock. Comerica Bank boosted its holdings in Vail Resorts by 0.4% during the third quarter. Comerica Bank now owns 17,552 shares of the company’s stock worth $2,625,000 after buying an additional 78 shares in the last quarter. Argonautica Private Wealth Management Inc. lifted its position in shares of Vail Resorts by 4.9% during the 2nd quarter. Argonautica Private Wealth Management Inc. now owns 1,719 shares of the company’s stock valued at $270,000 after acquiring an additional 81 shares during the period. Xponance Inc. boosted its stake in shares of Vail Resorts by 1.2% during the 3rd quarter. Xponance Inc. now owns 6,903 shares of the company’s stock worth $1,032,000 after acquiring an additional 82 shares in the last quarter. Mitchell & Pahl Private Wealth LLC grew its holdings in shares of Vail Resorts by 2.4% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 3,722 shares of the company’s stock worth $557,000 after acquiring an additional 87 shares during the period. Finally, Provident Investment Management Inc. increased its stake in Vail Resorts by 1.6% in the 3rd quarter. Provident Investment Management Inc. now owns 5,821 shares of the company’s stock valued at $871,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.