Vail Resorts (NYSE:MTN) Stock Rating Lowered by BNP Paribas Exane

Vail Resorts (NYSE:MTN) was downgraded by analysts at BNP Paribas Exane from an “outperform” rating to a “neutral” rating in a research note issued to investors on Monday, MarketBeat Ratings reports. They currently have a $135.00 price objective on the stock, down from their prior price objective of $151.00. BNP Paribas Exane’s price target suggests a potential downside of 2.90% from the stock’s previous close.

MTN has been the topic of several other research reports. The Goldman Sachs Group initiated coverage on shares of Vail Resorts in a research report on Thursday, August 13th. They set a “sell” rating and a $132.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. UBS Group reissued a “neutral” rating on shares of Vail Resorts in a report on Friday. Stifel Nicolaus lowered their price target on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a research note on Tuesday, June 9th. Finally, Mizuho set a $174.00 price objective on Vail Resorts in a research note on Tuesday, June 9th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $149.00.

Vail Resorts Stock Down 1.0%

Shares of NYSE MTN opened at $139.03 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The business has a 50-day moving average of $144.69 and a 200-day moving average of $136.90. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 9.35 and a beta of 0.69. Vail Resorts has a 12 month low of $118.51 and a 12 month high of $163.34.

Institutional Trading of Vail Resorts

Large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in Vail Resorts by 26.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock valued at $125,334,000 after acquiring an additional 201,750 shares during the last quarter. Oasis Management Co Ltd. grew its stake in shares of Vail Resorts by 8.3% in the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock worth $245,844,000 after buying an additional 141,500 shares in the last quarter. BlackRock Inc. bought a new position in shares of Vail Resorts in the 2nd quarter valued at about $464,712,000. Wellington Management Group LLP purchased a new position in Vail Resorts in the second quarter worth about $22,877,000. Finally, Peregrine Capital Management LLC purchased a new position in Vail Resorts in the first quarter worth about $4,605,000. 94.90% of the stock is owned by institutional investors.

Key Stories Impacting Vail Resorts

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

• Positive Sentiment: Activist stake increases: Oasis Management raised its active position in Vail Resorts to 7.4% after launching a proxy fight. The larger stake may increase pressure on management to improve performance, enhance shareholder returns and consider changes to the board. Oasis Management increases active stake in Vail Resorts to 7.4%
• Positive Sentiment: Potential earnings beat: Zacks said Vail Resorts has factors supporting a likely earnings beat in its upcoming report, which could provide a near-term catalyst if the company delivers stronger-than-expected results or guidance. Vail Resorts expected to beat earnings estimates
• Positive Sentiment: Advance Epic Day Pass sales: Vail Resorts is promoting four-day Epic Day Pass access to major resorts for $471, with savings of up to 65% versus window prices. The promotion could support advance bookings, skier visits and revenue visibility, although its discounted pricing may affect realized revenue per visit. Epic Day Pass promotion
• Neutral Sentiment: Proxy fight adds uncertainty: Oasis is seeking a board overhaul, creating the possibility of strategic changes but also raising execution, governance and distraction risks for Vail Resorts. Activist investor wants board overhaul at Vail Resorts
• Negative Sentiment: Analyst downgrade: BNP Paribas Exane lowered MTN from “outperform” to “neutral” and cut its price target from $151 to $135, signaling less confidence in near-term upside and weighing on investor sentiment. Vail Resorts lowered to neutral by BNP Paribas Exane

Vail Resorts Company Profile

Vail Resorts, Inc is a mountain resort company that operates a portfolio of ski and summer resorts, primarily in the United States, Canada and Australia. Its properties offer skiing, snowboarding and other outdoor recreational activities, along with lodging, dining, retail, equipment rentals, lessons and related guest services.

The company’s resort portfolio includes well-known destinations such as Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Whistler Blackcomb in British Columbia; and Perisher in New South Wales, Australia.