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

Vail Resorts (NYSE:MTN) had its price target lowered by investment analysts at Truist Financial from $217.00 to $212.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 71.27% from the company’s previous close.

MTN has been the subject of several other research reports. JPMorgan Chase & Co. dropped their target price on shares of Vail Resorts from $172.00 to $156.00 and set a “neutral” rating for the company in a research report on Tuesday, March 10th. Wall Street Zen cut Vail Resorts from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. UBS Group decreased their target price on Vail Resorts from $169.00 to $139.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vail Resorts from $159.00 to $151.00 and set a “hold” rating on the stock in a research report on Friday, March 6th. Finally, Barclays decreased their price objective on shares of Vail Resorts from $140.00 to $138.00 and set an “underweight” rating for the company in a report on Tuesday, March 10th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and a consensus price target of $161.82.

Vail Resorts Trading Down 4.9%

MTN stock traded down $6.36 during midday trading on Thursday, reaching $123.78. The stock had a trading volume of 405,679 shares, compared to its average volume of 870,430. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 9.58 and a beta of 0.79. Vail Resorts has a twelve month low of $123.52 and a twelve month high of $175.51. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 4.43. The business has a fifty day simple moving average of $133.92 and a two-hundred day simple moving average of $140.19.

Vail Resorts (NYSE:MTN) last released its earnings results on Monday, March 9th. The company reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.06 by ($0.19). Vail Resorts had a net margin of 7.89% and a return on equity of 29.72%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the company posted $6.56 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, research analysts expect that Vail Resorts will post 5.09 EPS for the current fiscal year.

Insider Transactions at Vail Resorts

In other Vail Resorts news, CEO Robert A. Katz bought 37,500 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was acquired at an average cost of $131.81 per share, with a total value of $4,942,875.00. Following the purchase, the chief executive officer owned 285,312 shares in the company, valued at $37,606,974.72. This trade represents a 15.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Angela A. Korch bought 190 shares of the company’s stock in a transaction on Monday, March 16th. The shares were bought at an average price of $131.85 per share, for a total transaction of $25,051.50. Following the completion of the acquisition, the chief financial officer directly owned 5,539 shares in the company, valued at approximately $730,317.15. This trade represents a 3.55% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Vail Resorts

Several large investors have recently made changes to their positions in MTN. Capital World Investors raised its holdings in shares of Vail Resorts by 67.0% during the third quarter. Capital World Investors now owns 3,013,463 shares of the company’s stock worth $450,724,000 after acquiring an additional 1,208,874 shares during the period. HighTower Advisors LLC increased its holdings in Vail Resorts by 15,313.2% during the 4th quarter. HighTower Advisors LLC now owns 450,066 shares of the company’s stock worth $59,769,000 after purchasing an additional 447,146 shares in the last quarter. Norges Bank acquired a new stake in shares of Vail Resorts in the 4th quarter valued at about $41,106,000. Bamco Inc. NY lifted its holdings in shares of Vail Resorts by 4.1% in the third quarter. Bamco Inc. NY now owns 5,702,692 shares of the company’s stock valued at $852,952,000 after purchasing an additional 227,143 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in shares of Vail Resorts during the fourth quarter worth about $28,521,000. Institutional investors own 94.90% of the company’s stock.

About Vail Resorts

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season‐long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.