Stifel Nicolaus Cuts Vail Resorts (NYSE:MTN) Price Target to $172.00

Vail Resorts (NYSE:MTNFree Report) had its target price lowered by Stifel Nicolaus from $175.00 to $172.00 in a report published on Tuesday morning, Marketbeat reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other research firms have also recently issued reports on MTN. Wall Street Zen cut shares of Vail Resorts from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. JPMorgan Chase & Co. lifted their price objective on Vail Resorts from $168.00 to $172.00 and gave the company a “neutral” rating in a report on Thursday, December 11th. Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Barclays set a $140.00 target price on Vail Resorts in a research note on Wednesday, February 4th. Finally, UBS Group reissued a “neutral” rating and issued a $169.00 price target on shares of Vail Resorts in a report on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $165.00.

Read Our Latest Research Report on MTN

Vail Resorts Stock Performance

Shares of MTN opened at $135.05 on Tuesday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.46 and a current ratio of 0.62. The stock has a market capitalization of $4.83 billion, a P/E ratio of 22.03, a P/E/G ratio of 8.56 and a beta of 0.78. The company’s fifty day moving average is $137.69 and its two-hundred day moving average is $144.73. Vail Resorts has a 1 year low of $126.15 and a 1 year high of $175.51.

Vail Resorts (NYSE:MTNGet Free Report) last released its earnings results on Monday, March 9th. The company reported $5.87 EPS for the quarter, missing the consensus estimate of $6.06 by ($0.19). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. Vail Resorts had a return on equity of 29.72% and a net margin of 7.89%.The firm’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $6.56 EPS. On average, sell-side analysts predict that Vail Resorts will post 7.62 earnings per share for the current year.

Vail Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 26th will be issued a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $8.88 dividend on an annualized basis and a yield of 6.6%. Vail Resorts’s payout ratio is currently 144.86%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MTN. BOKF NA boosted its stake in shares of Vail Resorts by 833.3% during the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares in the last quarter. EverSource Wealth Advisors LLC increased 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 purchasing an additional 155 shares in the last quarter. NBT Bank N A NY increased its stake in Vail Resorts by 450.0% in the 3rd quarter. NBT Bank N A NY now owns 176 shares of the company’s stock valued at $26,000 after purchasing an additional 144 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Vail Resorts by 196.8% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 187 shares of the company’s stock worth $29,000 after purchasing an additional 124 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in Vail Resorts during the third quarter worth $30,000. 94.90% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Vail Resorts

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

About Vail Resorts

(Get Free Report)

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.

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Analyst Recommendations for Vail Resorts (NYSE:MTN)

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