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

Vail Resorts (NYSE:MTN)‘s stock had its “equal weight” rating reissued by research analysts at Morgan Stanley in a report released on Monday,Benzinga reports. They currently have a $197.00 target price on the stock. Morgan Stanley’s target price suggests a potential upside of 2.85% from the company’s previous close.

Several other research analysts have also commented on the stock. Mizuho raised their price target on shares of Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Barclays raised their price objective on Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a research report on Tuesday, December 10th. Macquarie upped their target price on Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised their target price on Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, Stifel Nicolaus upped their price target on Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $205.50.

Vail Resorts Stock Up 0.6 %

Shares of NYSE MTN opened at $191.55 on Monday. The stock has a market capitalization of $7.17 billion, a PE ratio of 31.82, 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. The firm has a fifty day moving average of $179.52 and a 200-day moving average of $178.64. Vail Resorts has a 52-week low of $165.00 and a 52-week high of $236.92.

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

Insider Buying and Selling

In related news, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the transaction, the insider now directly owns 245,961 shares in the company, valued at $43,284,216.78. This trade represents a 3.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Angela A. Korch acquired 165 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was acquired at an average cost 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 trade represents a 8.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Inspire Trust Co. N.A. raised its position in shares of Vail Resorts by 33.8% during the 3rd 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 acquired a new stake in Vail Resorts in the third quarter worth $87,000. TD Private Client Wealth LLC lifted its stake 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 buying an additional 2,817 shares during the last quarter. Arete Wealth Advisors LLC bought a new stake in Vail Resorts in the third quarter valued at $278,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Vail Resorts by 1.3% during the third quarter. Geode Capital Management LLC now owns 649,624 shares of the company’s stock valued at $113,252,000 after acquiring an additional 8,422 shares during the period. 94.94% of the stock is currently owned by institutional investors.

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.