JPMorgan Chase & Co. Cuts Vail Resorts (NYSE:MTN) Price Target to $166.00

Vail Resorts (NYSE:MTN) had its target price lowered by JPMorgan Chase & Co. from $176.00 to $166.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Several other research firms also recently weighed in on MTN. UBS Group began coverage on Vail Resorts in a research report on Thursday, November 14th. They set a “neutral” rating and a $185.00 target price on the stock. Truist Financial lowered their price target on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. StockNews.com raised shares of Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Morgan Stanley reissued an “equal weight” rating and issued a $197.00 price target on shares of Vail Resorts in a research report on Monday, December 23rd. Finally, Barclays lifted their price target on shares of Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Vail Resorts has a consensus rating of “Hold” and an average price target of $204.50.

Vail Resorts Trading Down 1.5 %

Shares of MTN opened at $177.38 on Friday. The firm has a market cap of $6.64 billion, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 2.07 and a beta of 1.12. The company has a 50 day simple moving average of $184.09 and a two-hundred day simple moving average of $179.24. Vail Resorts has a 1 year low of $165.00 and a 1 year high of $236.92. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51.

Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating the consensus estimate of ($4.99) by $0.38. The business had revenue of $260.28 million during the quarter, compared to analysts’ expectations of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the business posted ($4.60) EPS. On average, equities analysts expect that Vail Resorts will post 7.57 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were paid a $2.22 dividend. The ex-dividend date was Thursday, December 26th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.01%. Vail Resorts’s payout ratio is 147.51%.

Institutional Trading of Vail Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of Vail Resorts by 2.2% in the second quarter. Envestnet Asset Management Inc. now owns 129,550 shares of the company’s stock valued at $23,336,000 after buying an additional 2,730 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Vail Resorts by 318.8% during the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after buying an additional 153 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Vail Resorts by 36.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 356,386 shares of the company’s stock valued at $64,195,000 after acquiring an additional 94,923 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Vail Resorts by 7.7% during the 2nd quarter. Amalgamated Bank now owns 22,379 shares of the company’s stock worth $4,031,000 after buying an additional 1,603 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Vail Resorts in the second quarter valued at $315,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

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.