Vail Resorts (NYSE:MTN) Price Target Cut to $194.00

Vail Resorts (NYSE:MTN) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $218.00 to $194.00 in a research report sent to investors on Monday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

MTN has been the topic of a number of other research reports. Mizuho cut their target price 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. JPMorgan Chase & Co. lowered shares of Vail Resorts from a neutral rating to an underweight rating and dropped their target price for the company from $217.00 to $176.00 in a report on Friday, June 7th. Barclays dropped their target price on shares of Vail Resorts from $201.00 to $161.00 and set an underweight rating on the stock in a report on Friday, June 7th. Stifel Nicolaus dropped their target price on shares of Vail Resorts from $262.00 to $259.00 and set a buy rating on the stock in a report on Friday, June 7th. Finally, Morgan Stanley dropped their target price on shares of Vail Resorts from $229.00 to $179.00 and set an equal weight rating on the stock in a report on Friday, June 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and an average price target of $213.00.

Vail Resorts Stock Up 2.0 %

Shares of MTN opened at $186.97 on Monday. Vail Resorts has a 12 month low of $165.14 and a 12 month high of $254.72. The firm’s 50 day moving average is $178.82 and its 200-day moving average is $193.59. The stock has a market capitalization of $7.03 billion, a PE ratio of 25.44, a P/E/G ratio of 2.38 and a beta of 1.14. The company has a current ratio of 1.18, a quick ratio of 1.08 and a debt-to-equity ratio of 2.04.

Hedge Funds Weigh In On Vail Resorts

A number of institutional investors have recently made changes to their positions in MTN. The Manufacturers Life Insurance Company boosted its position in Vail Resorts by 673.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock valued at $114,481,000 after buying an additional 553,337 shares during the period. Norges Bank bought a new stake in Vail Resorts during the 4th quarter valued at about $85,704,000. First Pacific Advisors LP bought a new stake in Vail Resorts during the 2nd quarter valued at about $62,466,000. APG Asset Management US Inc. bought a new stake in Vail Resorts during the 4th quarter valued at about $37,684,000. Finally, AQR Capital Management LLC grew its stake in shares of Vail Resorts by 1,063.7% in the second quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock worth $31,767,000 after acquiring an additional 161,820 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.