StockNews.com Upgrades Vail Resorts (NYSE:MTN) to Hold

Vail Resorts (NYSE:MTN) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

MTN has been the subject of several other research reports. Barclays cut their target price on Vail Resorts from $161.00 to $155.00 and set an “underweight” rating for the company in a research note on Friday, September 27th. Stifel Nicolaus cut their target price on Vail Resorts from $223.00 to $216.00 and set a “buy” rating for the company in a research note on Friday, September 27th. Morgan Stanley upped their target price on Vail Resorts from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft cut their target price on Vail Resorts from $218.00 to $194.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Vail Resorts in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $208.22.

Vail Resorts Price Performance

Shares of NYSE MTN traded up $0.83 during midday trading on Monday, hitting $166.62. 407,985 shares of the company’s stock were exchanged, compared to its average volume of 523,129. Vail Resorts has a 12-month low of $165.00 and a 12-month high of $236.92. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 1.59 and a beta of 1.13. The business’s fifty day moving average price is $176.69 and its two-hundred day moving average price is $182.07.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Thursday, September 26th. The company reported ($4.67) EPS for the quarter, missing the consensus estimate of ($4.28) by ($0.39). Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. The business had revenue of $265.39 million for the quarter, compared to analysts’ expectations of $264.84 million. During the same period in the previous year, the firm posted ($3.35) EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, research analysts forecast that Vail Resorts will post 7.27 EPS for the current fiscal year.

Insider Activity at Vail Resorts

In related news, Director John F. Sorte sold 1,670 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total transaction of $289,026.90. Following the completion of the transaction, the director now owns 45,111 shares in the company, valued at $7,807,360.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director John F. Sorte sold 1,670 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total transaction of $289,026.90. Following the completion of the transaction, the director now owns 45,111 shares in the company, valued at $7,807,360.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Angela A. Korch bought 165 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were acquired at an average price of $173.09 per share, with a total value of $28,559.85. Following the acquisition, the chief financial officer now owns 2,187 shares of the company’s stock, valued at $378,547.83. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Vail Resorts

Institutional investors have recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co raised its holdings in Vail Resorts by 66.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 45,233 shares of the company’s stock worth $10,082,000 after purchasing an additional 17,976 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Vail Resorts during the first quarter valued at $3,228,000. Edgestream Partners L.P. increased its holdings in shares of Vail Resorts by 146.3% during the first quarter. Edgestream Partners L.P. now owns 12,147 shares of the company’s stock valued at $2,707,000 after acquiring an additional 7,216 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Vail Resorts by 507.3% during the second quarter. Commonwealth Equity Services LLC now owns 11,380 shares of the company’s stock valued at $2,050,000 after acquiring an additional 9,506 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Vail Resorts during the second quarter valued at $1,486,000. 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.