Morgan Stanley Boosts Vail Resorts (NYSE:MTN) Price Target to $182.00

Vail Resorts (NYSE:MTN) had its price target raised by Morgan Stanley from $179.00 to $182.00 in a research report released on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts also recently issued reports on MTN. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Vail Resorts from $218.00 to $194.00 and set a hold rating for the company in a report on Monday, September 16th. Stifel Nicolaus reiterated a buy rating and set a $223.00 price target (down from $259.00) on shares of Vail Resorts in a report on Thursday, September 19th. JPMorgan Chase & Co. downgraded Vail Resorts from a neutral rating to an underweight rating and decreased their price target for the stock from $217.00 to $176.00 in a report on Friday, June 7th. Mizuho cut their price objective on shares of Vail Resorts from $256.00 to $231.00 and set a buy rating on the stock in a research report on Friday, June 7th. Finally, Barclays cut their price objective on shares of Vail Resorts from $201.00 to $161.00 and set an underweight rating on the stock in a research report on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $211.75.

Vail Resorts Trading Down 3.9 %

Shares of MTN stock opened at $180.65 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 2.04. The stock has a market cap of $6.80 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.14. The stock has a 50 day simple moving average of $179.54 and a 200 day simple moving average of $191.96. Vail Resorts has a 1 year low of $165.14 and a 1 year high of $242.47.

Vail Resorts (NYSE:MTN) last released its earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share for the quarter, missing the consensus estimate of ($4.28) by ($0.39). Vail Resorts had a return on equity of 23.41% and a net margin of 9.59%. The business had revenue of $265.39 million for the quarter, compared to the consensus estimate of $264.84 million. During the same quarter in the previous year, the company earned ($3.35) earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, research analysts predict that Vail Resorts will post 6.44 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be paid a $2.22 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $8.88 annualized dividend and a yield of 4.92%. Vail Resorts’s dividend payout ratio (DPR) is 120.82%.

Institutional Investors Weigh In On Vail Resorts

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTN. Sanctuary Advisors LLC purchased a new stake in shares of Vail Resorts during the 2nd quarter worth approximately $4,010,000. Dana Investment Advisors Inc. purchased a new position in Vail Resorts in the 2nd quarter valued at approximately $1,739,000. Aurora Investment Counsel grew its stake in Vail Resorts by 24.6% in the 2nd quarter. Aurora Investment Counsel now owns 12,812 shares of the company’s stock valued at $2,308,000 after buying an additional 2,532 shares in the last quarter. Regal Investment Advisors LLC boosted its holdings in Vail Resorts by 23.9% in the 2nd quarter. Regal Investment Advisors LLC now owns 1,406 shares of the company’s stock valued at $253,000 after purchasing an additional 271 shares during the period. Finally, Algert Global LLC bought a new position in Vail Resorts in the 2nd quarter valued at $689,000. Hedge funds and other institutional investors 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.