JPMorgan Chase & Co. Lowers Vail Resorts (NYSE:MTN) Price Target to $243.00

Vail Resorts (NYSE:MTN) had its price target cut by investment analysts at JPMorgan Chase & Co. from $252.00 to $243.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 18.67% from the company’s current price.

A number of other research analysts have also recently issued reports on MTN. Bank of America cut Vail Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $285.00 to $250.00 in a research note on Friday, March 8th. Mizuho initiated coverage on Vail Resorts in a research note on Tuesday, March 26th. They set a “buy” rating and a $256.00 price objective on the stock. Morgan Stanley raised their price objective on Vail Resorts from $247.00 to $248.00 and gave the company an “equal weight” rating in a research note on Thursday, March 7th. Truist Financial reaffirmed a “buy” rating and set a $290.00 price objective on shares of Vail Resorts in a research note on Friday, January 19th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $263.00 target price on shares of Vail Resorts in a report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $260.11.

Vail Resorts Stock Up 1.0 %

MTN opened at $204.77 on Monday. The stock has a market cap of $7.78 billion, a PE ratio of 34.19, a P/E/G ratio of 2.17 and a beta of 1.11. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 2.37. Vail Resorts has a 52 week low of $200.51 and a 52 week high of $258.13. The business’s fifty day simple moving average is $224.09 and its 200 day simple moving average is $221.19.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.15 billion. Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $5.16 EPS. As a group, research analysts expect that Vail Resorts will post 7.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total value of $222,770.00. Following the completion of the sale, the director now directly owns 7,592 shares in the company, valued at $1,691,269.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Vail Resorts

Several large investors have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Vail Resorts by 3.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,704 shares of the company’s stock valued at $364,000 after purchasing an additional 49 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Vail Resorts by 5.6% during the third quarter. First Eagle Investment Management LLC now owns 939 shares of the company’s stock valued at $208,000 after purchasing an additional 50 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Vail Resorts by 4.2% during the third quarter. CIBC Asset Management Inc now owns 1,367 shares of the company’s stock valued at $303,000 after purchasing an additional 55 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Vail Resorts by 27.9% during the first quarter. GAMMA Investing LLC now owns 257 shares of the company’s stock valued at $57,000 after purchasing an additional 56 shares during the last quarter. Finally, Rise Advisors LLC lifted its holdings in shares of Vail Resorts by 62.2% during the fourth quarter. Rise Advisors LLC now owns 159 shares of the company’s stock valued at $34,000 after purchasing an additional 61 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

About Vail Resorts

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.