Truist Financial Issues Pessimistic Forecast for Vail Resorts (NYSE:MTN) Stock Price

Vail Resorts (NYSE:MTN) had its price target lowered by research analysts at Truist Financial from $212.00 to $195.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 49.76% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a research report on Tuesday. Mizuho set a $174.00 price objective on Vail Resorts in a research note on Tuesday. JPMorgan Chase & Co. dropped their price objective on Vail Resorts from $172.00 to $156.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 10th. Barclays set a $119.00 target price on Vail Resorts and gave the company an “underweight” rating in a research note on Tuesday. Finally, Zacks Research downgraded Vail Resorts from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $154.18.

Vail Resorts Trading Down 5.1%

Shares of MTN stock traded down $7.00 on Tuesday, reaching $130.21. The company had a trading volume of 506,621 shares, compared to its average volume of 840,051. The stock has a market cap of $4.64 billion, a PE ratio of 21.22, a PEG ratio of 11.52 and a beta of 0.72. The company has a 50-day moving average of $128.09 and a 200-day moving average of $135.29. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 4.43. Vail Resorts has a 12 month low of $118.51 and a 12 month high of $172.00.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate of $8.97 by ($0.16). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.The firm’s revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $10.54 EPS. On average, equities analysts forecast that Vail Resorts will post 4.76 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. BOKF NA grew its holdings 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 buying an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Vail Resorts by 815.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock valued at $27,000 after acquiring an additional 155 shares in the last quarter. Golden State Wealth Management LLC boosted its position in Vail Resorts by 83.3% during the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Danske Bank A S acquired a new position in Vail Resorts during the 3rd quarter worth approximately $30,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Vail Resorts by 1,585.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after acquiring an additional 222 shares in the last quarter. 94.90% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Vail Resorts

Here are the key news stories impacting Vail Resorts this week:

• Positive Sentiment: Vail Resorts announced a quarterly dividend of $2.22 per share, which implies a 6.5% annualized yield and may appeal to income-focused investors. MarketBeat MTN dividend update
• Positive Sentiment: Revenue for the quarter came in slightly above Wall Street estimates at $1.21 billion, and the company said early season pass sales and its advance-commitment pass model continue to support the business. Vail Resorts Q3 results and guidance release
• Neutral Sentiment: The stock is also getting attention as a high-yield, lower-beta leisure name, and analysts were already looking for earnings around the reported level ahead of the release. Analyst expectations ahead of earnings
• Negative Sentiment: Fiscal Q3 EPS of $8.81 missed the $8.97 consensus, and earnings fell from $10.54 a year ago, underscoring softer profitability. Zacks earnings miss coverage
• Negative Sentiment: Management cut its outlook again after weather-related weakness reduced visits and weighed on revenue, increasing investor concern that the demand slowdown could persist. Seeking Alpha forecast cut coverage

Vail Resorts Company Profile

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.