Vail Resorts (NYSE:MTN) Price Target Lowered to $166.00 at JPMorgan Chase & Co.

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

Other equities analysts have also issued reports about the company. UBS Group assumed coverage on Vail Resorts in a research report on Thursday, November 14th. They set a “neutral” rating and a $185.00 target price on the stock. Mizuho increased their price target on shares of Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Barclays increased their price target on Vail Resorts from $155.00 to $165.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 10th. Finally, StockNews.com raised Vail Resorts from a “sell” rating to a “hold” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Vail Resorts presently has a consensus rating of “Hold” and a consensus target price of $204.50.

Vail Resorts Stock Performance

NYSE:MTN opened at $177.38 on Friday. The firm has a market capitalization of $6.64 billion, a P/E ratio of 29.47, a P/E/G 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 company has a fifty day moving average of $184.09 and a 200-day moving average of $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 for the quarter, beating the consensus estimate of ($4.99) by $0.38. The firm had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($4.60) earnings per share. As a group, sell-side analysts anticipate that Vail Resorts will post 7.57 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its position in shares of Vail Resorts by 673.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock valued at $114,481,000 after purchasing an additional 553,337 shares during the last quarter. River Road Asset Management LLC grew its position in Vail Resorts by 606.6% during the third quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock valued at $59,487,000 after acquiring an additional 293,006 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Vail Resorts during the third quarter worth approximately $35,264,000. FMR LLC boosted its stake in shares of Vail Resorts by 1,080.8% in the 3rd quarter. FMR LLC now owns 207,809 shares of the company’s stock valued at $36,219,000 after purchasing an additional 190,210 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Vail Resorts by 1,063.7% during the 2nd quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock valued at $31,767,000 after purchasing an additional 161,820 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

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.