Vail Resorts (NYSE:MTN) Upgraded by Zacks Research to “Hold” Rating

Vail Resorts (NYSE:MTN) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other brokerages also recently weighed in on MTN. Truist Financial lowered their price objective on shares of Vail Resorts from $244.00 to $237.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. Stifel Nicolaus reissued a “buy” rating and set a $175.00 price target (down from $180.00) on shares of Vail Resorts in a report on Tuesday, September 30th. Wall Street Zen downgraded Vail Resorts from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. upped their price objective on Vail Resorts from $168.00 to $172.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Barclays lowered their target price on Vail Resorts from $152.00 to $145.00 and set an “underweight” rating on the stock in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $176.50.

Vail Resorts Stock Up 4.5%

Vail Resorts stock opened at $161.74 on Thursday. Vail Resorts has a 12 month low of $129.85 and a 12 month high of $194.47. The stock has a fifty day simple moving average of $146.79 and a two-hundred day simple moving average of $152.59. The company has a current ratio of 0.54, a quick ratio of 0.56 and a debt-to-equity ratio of 5.52. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.62 and a beta of 0.81.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Wednesday, December 10th. The company reported ($5.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($5.23) by $0.03. Vail Resorts had a return on equity of 32.51% and a net margin of 8.94%.The firm had revenue of $271.03 million for the quarter, compared to the consensus estimate of $273.35 million. During the same period in the prior year, the company posted ($4.61) earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Equities analysts predict that Vail Resorts will post 7.62 EPS for the current fiscal year.

Insider Activity

In related news, CFO Angela A. Korch bought 210 shares of the stock in a transaction dated Tuesday, October 7th. The shares were purchased at an average price of $155.00 per share, with a total value of $32,550.00. Following the completion of the acquisition, the chief financial officer owned 4,905 shares of the company’s stock, valued at $760,275. This represents a 4.47% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Vail Resorts

A number of institutional investors and hedge funds have recently bought and sold shares of MTN. BOKF NA boosted its holdings in shares of Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. NBT Bank N A NY lifted its position in shares of Vail Resorts by 450.0% in the third quarter. NBT Bank N A NY now owns 176 shares of the company’s stock worth $26,000 after buying an additional 144 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after buying an additional 155 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Vail Resorts by 196.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock valued at $29,000 after buying an additional 124 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Vail Resorts by 676.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 194 shares of the company’s stock valued at $30,000 after buying an additional 169 shares in the last quarter. 94.90% of the stock is currently owned by institutional investors.

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.