Macquarie Has Lowered Expectations for Vail Resorts (NYSE:MTN) Stock Price

Vail Resorts (NYSE:MTN) had its price target dropped by research analysts at Macquarie from $195.00 to $185.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Macquarie’s price objective suggests a potential upside of 16.03% from the stock’s previous close.

Several other brokerages have also commented on MTN. Mizuho decreased their target price on Vail Resorts from $227.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday. Barclays restated an “underweight” rating and set a $152.00 price objective (down previously from $165.00) on shares of Vail Resorts in a research report on Monday. Truist Financial reduced their price objective on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price objective on Vail Resorts from $166.00 to $167.00 and gave the company an “underweight” rating in a research report on Tuesday. Finally, StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $193.56.

Vail Resorts Price Performance

Shares of MTN opened at $159.44 on Wednesday. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 1.93 and a beta of 1.12. The stock has a 50 day moving average of $167.95 and a 200-day moving average of $175.86. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 3.64. Vail Resorts has a 52 week low of $151.99 and a 52 week high of $233.57.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, March 10th. The company reported $6.56 EPS for the quarter, topping the consensus estimate of $6.29 by $0.27. The company had revenue of $1.14 billion during 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 revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.76 EPS. As a group, analysts forecast that Vail Resorts will post 7.62 EPS for the current year.

Insider Transactions at Vail Resorts

In related news, CFO Angela A. Korch bought 185 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $160.00 per share, with a total value of $29,600.00. Following the completion of the transaction, the chief financial officer now directly owns 2,956 shares of the company’s stock, valued at approximately $472,960. This trade represents a 6.68 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Vail Resorts

Institutional investors and hedge funds have recently modified their holdings of the stock. Heck Capital Advisors LLC acquired a new stake in shares of Vail Resorts during the fourth quarter worth $33,000. Blue Trust Inc. grew its holdings in shares of Vail Resorts by 246.7% during the fourth quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after buying an additional 148 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Vail Resorts during the fourth quarter valued at $40,000. GeoWealth Management LLC grew its holdings in shares of Vail Resorts by 162.2% during the fourth quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock valued at $55,000 after buying an additional 180 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Vail Resorts by 165.3% during the third quarter. Venturi Wealth Management LLC now owns 321 shares of the company’s stock valued at $56,000 after buying an additional 200 shares in the last quarter. 94.94% of the stock is 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.