Mizuho Lowers Vail Resorts (NYSE:MTN) Price Target to $215.00

Vail Resorts (NYSE:MTN) had its price objective dropped by stock analysts at Mizuho from $227.00 to $215.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 32.98% from the company’s current price.

Several other research analysts have also weighed in on MTN. Barclays reaffirmed an “underweight” rating and issued a $152.00 target price (down from $165.00) on shares of Vail Resorts in a research report on Monday. Macquarie increased their price target on Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. UBS Group assumed coverage on Vail Resorts in a report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price target on Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $193.56.

Vail Resorts Price Performance

MTN stock opened at $161.68 on Tuesday. Vail Resorts has a 1 year low of $151.99 and a 1 year high of $233.57. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.51 and a current ratio of 0.63. The stock’s 50 day moving average price is $167.95 and its 200 day moving average price is $175.86. The firm has a market cap of $6.05 billion, a P/E ratio of 26.86, a PEG ratio of 1.93 and a beta of 1.12.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, topping the consensus estimate of $6.29 by $0.27. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $5.76 EPS. On average, sell-side analysts expect that Vail Resorts will post 7.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vail Resorts

Hedge funds have recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in Vail Resorts in the third quarter worth about $25,000. Heck Capital Advisors LLC acquired a new position in Vail Resorts in the fourth quarter worth about $33,000. Blue Trust Inc. grew its stake in Vail Resorts by 246.7% in the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock worth $36,000 after purchasing an additional 148 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Vail Resorts in the fourth quarter worth about $40,000. Finally, GeoWealth Management LLC grew its stake in Vail Resorts by 162.2% in the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock worth $55,000 after purchasing an additional 180 shares in the last quarter. 94.94% of the stock is currently 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.