Vail Resorts (NYSE:MTN) Given New $147.00 Price Target at Morgan Stanley

Vail Resorts (NYSE:MTNFree Report) had its price target lowered by Morgan Stanley from $151.00 to $147.00 in a research note published on Thursday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other equities analysts have also issued reports on MTN. Wall Street Zen lowered Vail Resorts from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. UBS Group restated a “neutral” rating and issued a $169.00 price target on shares of Vail Resorts in a research report on Friday, January 16th. JPMorgan Chase & Co. cut their price objective on Vail Resorts from $172.00 to $156.00 and set a “neutral” rating on the stock in a report on Tuesday. Jefferies Financial Group upgraded Vail Resorts from a “hold” rating to a “buy” rating and lifted their price target for the company from $159.00 to $165.00 in a report on Tuesday, January 13th. Finally, Weiss Ratings downgraded shares of Vail Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $165.00.

Read Our Latest Report on MTN

Vail Resorts Stock Down 2.5%

MTN stock opened at $135.05 on Thursday. The company has a market capitalization of $4.83 billion, a P/E ratio of 22.03, a PEG ratio of 8.56 and a beta of 0.78. The firm has a 50 day simple moving average of $137.69 and a 200-day simple moving average of $144.73. The company has a current ratio of 0.62, a quick ratio of 0.46 and a debt-to-equity ratio of 4.43. Vail Resorts has a twelve month low of $126.15 and a twelve month high of $175.51.

Vail Resorts (NYSE:MTNGet Free Report) last announced its quarterly earnings data on Monday, March 9th. The company reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.06 by ($0.19). Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company earned $6.56 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts predict that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 26th will be issued a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Thursday, March 26th. Vail Resorts’s dividend payout ratio is 144.86%.

Hedge Funds Weigh In On Vail Resorts

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bamco Inc. NY increased its holdings in shares of Vail Resorts by 4.1% during the 3rd quarter. Bamco Inc. NY now owns 5,702,692 shares of the company’s stock worth $852,952,000 after purchasing an additional 227,143 shares during the period. Capital International Investors grew its position in Vail Resorts by 1.5% in the third quarter. Capital International Investors now owns 5,002,662 shares of the company’s stock valued at $748,248,000 after acquiring an additional 74,528 shares during the period. Capital World Investors lifted its holdings in Vail Resorts by 6.1% during the 4th quarter. Capital World Investors now owns 3,196,445 shares of the company’s stock valued at $424,488,000 after purchasing an additional 182,982 shares during the last quarter. Oasis Management Co Ltd. boosted its holdings in shares of Vail Resorts by 8.3% in the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock worth $245,844,000 after acquiring an additional 141,500 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Vail Resorts by 2.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,320,763 shares of the company’s stock worth $207,531,000 after purchasing an additional 31,852 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.

More Vail Resorts News

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Vail Resorts Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Vail Resorts (NYSE:MTN)

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