Deutsche Bank Aktiengesellschaft Cuts Vail Resorts (NYSE:MTN) Price Target to $266.00
Vail Resorts (NYSE:MTN – Get Free Report) had its target price cut by research analysts at Deutsche Bank Aktiengesellschaft from $273.00 to $266.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 24.60% from the company’s current price.
A number of other analysts also recently commented on MTN. JPMorgan Chase & Co. raised their price objective on Vail Resorts from $231.00 to $280.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 26th. Truist Financial raised Vail Resorts from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $263.00 to $290.00 in a research note on Thursday, September 7th. They noted that the move was a valuation call. Morgan Stanley increased their price target on Vail Resorts from $272.00 to $276.00 and gave the stock an “equal weight” rating in a report on Friday, September 29th. Stifel Nicolaus raised Vail Resorts from a “hold” rating to a “buy” rating and set a $268.00 price objective for the company in a research report on Tuesday, September 5th. Finally, TheStreet lowered Vail Resorts from a “b-” rating to a “c+” rating in a research report on Monday, October 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $272.67.
Get Our Latest Research Report on Vail Resorts
Vail Resorts Stock Performance
Shares of NYSE MTN traded down $1.63 during mid-day trading on Wednesday, hitting $213.48. The company had a trading volume of 262,125 shares, compared to its average volume of 398,895. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 1.75 and a beta of 1.14. Vail Resorts has a 12 month low of $204.88 and a 12 month high of $269.50. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.07 and a quick ratio of 0.95. The firm’s 50 day simple moving average is $218.67 and its two-hundred day simple moving average is $232.87.
Vail Resorts (NYSE:MTN – Get Free Report) last announced its quarterly earnings results on Thursday, September 28th. The company reported ($3.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.28) by ($0.07). The company had revenue of $269.77 million during the quarter, compared to the consensus estimate of $282.26 million. Vail Resorts had a return on equity of 17.12% and a net margin of 9.28%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the business posted ($2.70) EPS. As a group, equities research analysts forecast that Vail Resorts will post 9.08 earnings per share for the current year.
Institutional Trading of Vail Resorts
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY grew its stake in shares of Vail Resorts by 1.1% in the third quarter. Bamco Inc. NY now owns 4,721,214 shares of the company’s stock worth $1,047,590,000 after purchasing an additional 51,630 shares during the last quarter. Select Equity Group L.P. grew its stake in shares of Vail Resorts by 21.2% in the first quarter. Select Equity Group L.P. now owns 3,165,296 shares of the company’s stock worth $739,666,000 after purchasing an additional 553,248 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Vail Resorts by 7.9% in the third quarter. Principal Financial Group Inc. now owns 1,795,454 shares of the company’s stock worth $398,393,000 after purchasing an additional 131,170 shares during the last quarter. Southpoint Capital Advisors LP grew its stake in shares of Vail Resorts by 2.3% in the first quarter. Southpoint Capital Advisors LP now owns 1,100,000 shares of the company’s stock worth $257,048,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of Vail Resorts by 9.6% in the first quarter. Macquarie Group Ltd. now owns 794,179 shares of the company’s stock worth $185,584,000 after purchasing an additional 69,454 shares during the last quarter. 94.94% of the stock is owned by institutional investors.
About Vail Resorts (Get Free Report)
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.
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