JPMorgan Chase & Co. Cuts Vail Resorts (NYSE:MTN) Price Target to $166.00

Vail Resorts (NYSE:MTN) had its target price lowered by JPMorgan Chase & Co. from $176.00 to $166.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

A number of other analysts have also issued reports on the company. Truist Financial decreased their price target on Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, December 10th. Mizuho boosted their target price 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. Morgan Stanley reaffirmed an “equal weight” rating and set a $197.00 price target on shares of Vail Resorts in a research report on Monday, December 23rd. Stifel Nicolaus lifted their price target on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, UBS Group assumed coverage on Vail Resorts in a report on Thursday, November 14th. They set a “neutral” rating and a $185.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $204.50.

Vail Resorts Stock Performance

NYSE MTN opened at $177.38 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 2.07 and a beta of 1.12. The business has a fifty day moving average of $184.09 and a 200-day moving average of $179.24. Vail Resorts has a fifty-two week low of $165.00 and a fifty-two week high of $236.92.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating the consensus estimate of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $260.28 million during the quarter, compared to the consensus estimate of $251.45 million. During the same period in the previous year, the firm posted ($4.60) EPS. Vail Resorts’s revenue was up .7% on a year-over-year basis. As a group, analysts predict that Vail Resorts will post 7.57 earnings per share for the current fiscal year.

Vail Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were issued a dividend of $2.22 per share. The ex-dividend date was Thursday, December 26th. This represents a $8.88 annualized dividend and a dividend yield of 5.01%. Vail Resorts’s payout ratio is currently 147.51%.

Hedge Funds Weigh In On Vail Resorts

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp lifted its position in shares of Vail Resorts by 47.6% during the third quarter. Stifel Financial Corp now owns 21,131 shares of the company’s stock worth $3,683,000 after purchasing an additional 6,816 shares in the last quarter. Geode Capital Management LLC increased its stake in Vail Resorts by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 649,624 shares of the company’s stock worth $113,252,000 after buying an additional 8,422 shares during the period. AQR Capital Management LLC lifted its holdings in Vail Resorts by 1,063.7% in the 2nd quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock worth $31,767,000 after buying an additional 161,820 shares in the last quarter. Green Alpha Advisors LLC boosted its position in Vail Resorts by 101.3% in the 4th quarter. Green Alpha Advisors LLC now owns 6,112 shares of the company’s stock valued at $1,146,000 after buying an additional 3,075 shares during the last quarter. Finally, River Road Asset Management LLC grew its stake in shares of Vail Resorts by 606.6% during the third quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock valued at $59,487,000 after acquiring an additional 293,006 shares in the last quarter. Hedge funds and other 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.