Truist Financial Has Lowered Expectations for Vail Resorts (NYSE:MTN) Stock Price

Vail Resorts (NYSE:MTN) had its price objective decreased by analysts at Truist Financial from $250.00 to $247.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 25.49% from the company’s current price.

A number of other brokerages also recently issued reports on MTN. Barclays upped their price target on Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a report on Tuesday. Macquarie reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Vail Resorts in a research report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research report on Monday. Mizuho lifted 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. Finally, Stifel Nicolaus increased their target price on shares of Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $204.00.

Vail Resorts Stock Up 3.2 %

NYSE:MTN traded up $6.16 during mid-day trading on Tuesday, hitting $196.83. The stock had a trading volume of 399,796 shares, compared to its average volume of 529,020. Vail Resorts has a twelve month low of $165.00 and a twelve month high of $236.92. The stock has a 50-day simple moving average of $175.83 and a two-hundred day simple moving average of $178.64. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 2.62. The company has a market capitalization of $7.38 billion, a PE ratio of 32.64, a PEG ratio of 1.97 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last posted its quarterly 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 company 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 20.76% and a net margin of 7.99%. Vail Resorts’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned ($4.60) earnings per share. On average, equities research analysts anticipate that Vail Resorts will post 7.23 EPS for the current year.

Insiders Place Their Bets

In other Vail Resorts news, CFO Angela A. Korch bought 165 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were bought at an average cost of $173.09 per share, with a total value of $28,559.85. Following the transaction, the chief financial officer now directly owns 2,187 shares in the company, valued at approximately $378,547.83. This trade represents a 8.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert A. Katz sold 9,296 shares of the stock in a transaction dated 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. The trade was a 3.64 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its stake in shares of Vail Resorts by 673.1% during the second quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock valued at $114,481,000 after acquiring an additional 553,337 shares during the period. First Pacific Advisors LP bought a new position in Vail Resorts during the 2nd quarter valued at $62,466,000. River Road Asset Management LLC boosted its stake in Vail Resorts by 606.6% during the 3rd quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock valued at $59,487,000 after purchasing an additional 293,006 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Vail Resorts during the 3rd quarter valued at $35,264,000. Finally, FMR LLC raised its stake in shares of Vail Resorts by 1,080.8% in the 3rd quarter. FMR LLC now owns 207,809 shares of the company’s stock worth $36,219,000 after buying an additional 190,210 shares in the last quarter. 94.94% of the stock is 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.