Vail Resorts (NYSE:MTN) Earns “Equal Weight” Rating from Morgan Stanley

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

MTN has been the subject of several other reports. Truist Financial lowered their price target on Vail Resorts from $250.00 to $247.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a report on Monday, December 9th. Stifel Nicolaus lifted their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. UBS Group began coverage on shares of Vail Resorts in a research report on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price target for the company. Finally, Mizuho raised their price objective on Vail Resorts from $222.00 to $227.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $205.50.

Vail Resorts Trading Up 2.6 %

NYSE MTN traded up $4.80 on Monday, reaching $189.12. The stock had a trading volume of 226,382 shares, compared to its average volume of 531,279. Vail Resorts has a 12-month low of $165.00 and a 12-month high of $236.92. The stock has a fifty day moving average price of $178.77 and a two-hundred day moving average price of $178.55. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 2.22 and a beta of 1.14. The company has a quick ratio of 0.71, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share 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 for the quarter, compared to analyst estimates of $251.45 million. During the same quarter in the prior year, the company earned ($4.60) earnings per share. The company’s revenue was up .7% on a year-over-year basis. As a group, sell-side analysts forecast that Vail Resorts will post 7.49 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John F. Sorte sold 1,670 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were 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 of the company’s stock, valued at approximately $7,807,360.77. This represents a 3.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Angela A. Korch purchased 165 shares of Vail Resorts stock in a transaction on Thursday, October 3rd. The stock was acquired at an average cost of $173.09 per share, for a total transaction of $28,559.85. Following the acquisition, the chief financial officer now directly 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 disclosure for this purchase can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vail Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in MTN. Inspire Trust Co. N.A. raised its stake in Vail Resorts by 33.8% during the third quarter. Inspire Trust Co. N.A. now owns 7,800 shares of the company’s stock worth $1,359,000 after purchasing an additional 1,970 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Vail Resorts in the 3rd quarter worth $87,000. TD Private Client Wealth LLC boosted its holdings in Vail Resorts by 25.1% in the third quarter. TD Private Client Wealth LLC now owns 14,053 shares of the company’s stock valued at $2,449,000 after acquiring an additional 2,817 shares during the last quarter. Arete Wealth Advisors LLC purchased a new stake in Vail Resorts during the third quarter valued at about $278,000. Finally, Geode Capital Management LLC increased its stake in Vail Resorts by 1.3% during the third quarter. Geode Capital Management LLC now owns 649,624 shares of the company’s stock worth $113,252,000 after acquiring an additional 8,422 shares during the last quarter. Hedge funds and other 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.