Morgan Stanley Reaffirms “Equal Weight” Rating for Vail Resorts (NYSE:MTN)

Vail Resorts (NYSE:MTN)‘s stock had its “equal weight” rating reiterated by research analysts at Morgan Stanley in a note issued to investors on Monday,Benzinga reports. They currently have a $197.00 target price on the stock. Morgan Stanley’s price target would suggest a potential upside of 4.17% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Barclays raised their price objective on Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 10th. Macquarie lifted their price target on shares of Vail Resorts from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Truist Financial dropped their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, December 10th. Stifel Nicolaus lifted their target price on Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Mizuho increased their price target on Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $205.50.

Vail Resorts Stock Up 2.6 %

NYSE MTN traded up $4.80 during trading hours on Monday, reaching $189.12. 226,382 shares of the company traded hands, compared to its average volume of 531,279. The stock has a market capitalization of $7.08 billion, a PE ratio of 31.42, a PEG ratio of 2.22 and a beta of 1.14. The company has a current ratio of 0.63, a quick ratio of 0.71 and a debt-to-equity ratio of 3.64. Vail Resorts has a 12 month low of $165.00 and a 12 month high of $236.92. The company has a 50 day moving average of $178.77 and a two-hundred day moving average of $178.55.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings results on Monday, December 9th. The company reported ($4.61) EPS for the quarter, topping analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The business had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. During the same period last year, the firm earned ($4.60) earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities analysts expect that Vail Resorts will post 7.49 earnings per share for the current year.

Insider Activity at Vail Resorts

In related news, CFO Angela A. Korch purchased 165 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were bought at an average price of $173.09 per share, with a total value of $28,559.85. Following the completion of the acquisition, the chief financial officer now owns 2,187 shares of the company’s stock, valued at approximately $378,547.83. This represents a 8.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John F. Sorte sold 1,670 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total value of $289,026.90. Following the sale, the director now directly owns 45,111 shares in the company, valued at $7,807,360.77. This trade represents a 3.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fairbanks Capital Management Inc. boosted its stake in Vail Resorts by 2.5% in the 2nd quarter. Fairbanks Capital Management Inc. now owns 2,563 shares of the company’s stock worth $462,000 after purchasing an additional 63 shares during the period. Signaturefd LLC boosted its position in shares of Vail Resorts by 150.9% in the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after buying an additional 83 shares during the period. Fifth Third Bancorp grew its holdings in shares of Vail Resorts by 20.9% during the second quarter. Fifth Third Bancorp now owns 486 shares of the company’s stock valued at $88,000 after buying an additional 84 shares in the last quarter. Condor Capital Management grew its holdings in shares of Vail Resorts by 0.8% during the second quarter. Condor Capital Management now owns 11,172 shares of the company’s stock valued at $2,013,000 after buying an additional 88 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in Vail Resorts by 27.6% during the third quarter. Creative Financial Designs Inc. ADV now owns 412 shares of the company’s stock valued at $72,000 after buying an additional 89 shares during the period. 94.94% of the stock is currently owned by institutional investors and hedge funds.

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.