Vail Resorts (NYSE:MTN) Price Target Raised to $167.00 at JPMorgan Chase & Co.

Vail Resorts (NYSE:MTN) had its target price upped by stock analysts at JPMorgan Chase & Co. from $166.00 to $167.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 1.52% from the stock’s previous close.

MTN has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft boosted their price target on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Morgan Stanley reissued an “equal weight” rating on shares of Vail Resorts in a research note on Monday. Macquarie raised their price target on shares of Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Barclays reaffirmed an “underweight” rating and set a $152.00 price target (down from $165.00) on shares of Vail Resorts in a report on Monday. Finally, Mizuho increased their price objective on shares of Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vail Resorts presently has an average rating of “Hold” and a consensus target price of $196.00.

Vail Resorts Price Performance

MTN stock traded up $10.92 during mid-day trading on Tuesday, hitting $164.50. The stock had a trading volume of 293,983 shares, compared to its average volume of 551,841. The firm has a fifty day simple moving average of $168.90 and a 200 day simple moving average of $176.04. The firm has a market capitalization of $6.16 billion, a P/E ratio of 27.24, a P/E/G ratio of 1.93 and a beta of 1.12. 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 announced its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm posted $5.76 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts forecast that Vail Resorts will post 7.62 EPS for the current year.

Hedge Funds Weigh In On Vail Resorts

Large investors have recently modified their holdings of the business. Norges Bank acquired a new stake in Vail Resorts in the fourth quarter valued at $80,669,000. Point72 Asset Management L.P. grew its position in shares of Vail Resorts by 170.1% in the 4th quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company’s stock valued at $102,427,000 after buying an additional 344,095 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Vail Resorts by 42.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company’s stock valued at $183,039,000 after buying an additional 289,484 shares during the period. Wealthfront Advisers LLC bought a new position in shares of Vail Resorts during the fourth quarter worth about $42,532,000. Finally, FMR LLC lifted its stake in shares of Vail Resorts by 1,080.8% in the third quarter. FMR LLC now owns 207,809 shares of the company’s stock worth $36,219,000 after acquiring an additional 190,210 shares during the period. Institutional investors own 94.94% of the company’s stock.

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.