JPMorgan Chase & Co. Issues Pessimistic Forecast for Vail Resorts (NYSE:MTN) Stock Price

Vail Resorts (NYSE:MTN) had its target price decreased by stock analysts at JPMorgan Chase & Co. from $176.00 to $166.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 6.42% from the company’s current price.

Several other equities research analysts have also weighed in on MTN. Truist Financial lowered their price objective 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. Deutsche Bank Aktiengesellschaft increased their price objective on Vail Resorts from $185.00 to $196.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Stifel Nicolaus boosted their target price on shares of Vail Resorts from $216.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Barclays increased their target price on shares of Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $197.00 price objective on shares of Vail Resorts in a research note on Monday, December 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and an average target price of $204.50.

Vail Resorts Stock Down 1.5 %

MTN stock opened at $177.38 on Friday. The company has a market cap of $6.64 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 2.07 and a beta of 1.12. Vail Resorts has a twelve month low of $165.00 and a twelve month high of $236.92. The business’s 50-day simple moving average is $184.09 and its 200 day simple moving average is $179.19. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company had revenue of $260.28 million during the quarter, compared to analysts’ expectations of $251.45 million. During the same quarter in the prior year, the company posted ($4.60) EPS. The business’s revenue was up .7% on a year-over-year basis. On average, research analysts anticipate that Vail Resorts will post 7.57 earnings per share for the current year.

Hedge Funds Weigh In On Vail Resorts

Institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new stake in Vail Resorts in the third quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new position in shares of Vail Resorts during the third quarter worth about $25,000. Brown Brothers Harriman & Co. boosted its holdings in Vail Resorts by 318.8% in the second quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock valued at $36,000 after acquiring an additional 153 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in Vail Resorts in the fourth quarter valued at approximately $40,000. Finally, UMB Bank n.a. raised its holdings in Vail Resorts by 123.5% during the 3rd quarter. UMB Bank n.a. now owns 219 shares of the company’s stock worth $38,000 after purchasing an additional 121 shares during the last quarter. 94.94% of the stock is currently 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.