Deutsche Bank Aktiengesellschaft Cuts Vail Resorts (NYSE:MTN) Price Target to $151.00

Vail Resorts (NYSE:MTN) had its target price decreased by equities researchers at Deutsche Bank Aktiengesellschaft from $159.00 to $151.00 in a report issued on Friday,MarketScreener reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 8.49% from the stock’s previous close.

A number of other brokerages have also recently commented on MTN. Morgan Stanley set a $150.00 target price on Vail Resorts in a report on Friday, January 16th. Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Truist Financial lowered their price target on Vail Resorts from $237.00 to $234.00 and set a “buy” rating for the company in a research report on Monday, December 29th. Wall Street Zen cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Vail Resorts in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $172.82.

Vail Resorts Stock Down 0.8%

Shares of NYSE MTN opened at $139.18 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.46 and a debt-to-equity ratio of 5.52. Vail Resorts has a 12-month low of $126.15 and a 12-month high of $175.51. The firm’s 50-day moving average price is $137.54 and its 200-day moving average price is $145.33. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 8.51 and a beta of 0.78.

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

Institutional Trading of Vail Resorts

A number of hedge funds and other institutional investors have recently bought and sold shares of MTN. BOKF NA lifted its position in shares of Vail Resorts by 833.3% during the third quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. NBT Bank N A NY grew its holdings 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 purchasing an additional 144 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Vail Resorts by 815.8% in the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after purchasing an additional 155 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Vail Resorts by 196.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after buying an additional 124 shares during the period. Finally, Golden State Wealth Management LLC increased its stake in Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the period. Hedge funds and other 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.