Deutsche Bank Aktiengesellschaft Cuts Vail Resorts (NYSE:MTN) Price Target to $132.00

Vail Resorts (NYSE:MTN) had its target price lowered by Deutsche Bank Aktiengesellschaft from $138.00 to $132.00 in a research note published on Tuesday morning, Marketbeat reports. The brokerage currently has a hold rating on the stock.

A number of other brokerages also recently weighed in on MTN. Mizuho reduced their price target on shares of Vail Resorts from $160.00 to $156.00 and set an “outperform” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on Vail Resorts from $124.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. UBS Group reaffirmed a “neutral” rating on shares of Vail Resorts in a research report on Friday, September 18th. Jefferies Financial Group reiterated a “buy” rating and set a $162.00 price target on shares of Vail Resorts in a research note on Tuesday. Finally, Stifel Nicolaus set a $157.00 price objective on Vail Resorts and gave the stock a “buy” rating in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $145.25.

Vail Resorts Trading Up 0.9%

Shares of Vail Resorts stock opened at $138.44 on Tuesday. The company has a market capitalization of $4.93 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 10.01 and a beta of 0.76. The stock has a fifty day simple moving average of $143.53 and a 200 day simple moving average of $137.01. Vail Resorts has a 12-month low of $118.51 and a 12-month high of $163.34. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 5.57.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, September 28th. The company reported ($5.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($5.35) by $0.01. The firm had revenue of $278.07 million for the quarter, compared to the consensus estimate of $269.30 million. Vail Resorts had a net margin of 5.20% and a return on equity of 22.82%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($5.08) EPS. On average, sell-side analysts anticipate that Vail Resorts will post 5.55 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 27th. Shareholders of record on Thursday, October 8th will be issued a dividend of $2.22 per share. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $8.88 dividend on an annualized basis and a yield of 6.4%. Vail Resorts’s payout ratio is presently 214.49%.

Hedge Funds Weigh In On Vail Resorts

A number of large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its stake in Vail Resorts by 26.0% during the first 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 in the last quarter. Bank of America Corp DE purchased a new stake in Vail Resorts in the 2nd quarter worth approximately $28,937,000. Oasis Management Co Ltd. lifted its stake in 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 purchasing an additional 141,500 shares in the last quarter. BlackRock Inc. purchased a new stake in Vail Resorts in the 2nd quarter worth approximately $464,712,000. Finally, Wellington Management Group LLP bought a new position in Vail Resorts in the 2nd quarter valued at $22,877,000. 94.90% of the stock is owned by institutional investors.

Vail Resorts News Roundup

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

• Positive Sentiment: Wells Fargo expects Vail Resorts’ stock price to rise, while JPMorgan forecasts strong potential appreciation. These views suggest some analysts believe the company’s turnaround efforts and a better upcoming ski season could support the shares. Wells Fargo analyst outlook JPMorgan analyst outlook
• Positive Sentiment: One valuation analysis estimates MTN could be approximately 5% undervalued after weather hurt recent results, with recovery initiatives providing potential upside if operating conditions improve. Vail Resorts valuation analysis
• Positive Sentiment: Activist investor Oasis Management is reportedly nearing insider status at Vail Resorts. Its increased involvement could create pressure for operational improvements or other shareholder-friendly actions, although the eventual impact remains uncertain. Oasis Management ownership report
• Neutral Sentiment: Analyst views remain divided across the consumer-cyclical sector, reflecting uncertainty about demand and the pace of Vail Resorts’ recovery. Mixed consumer-cyclical analyst views
• Neutral Sentiment: Morgan Stanley cut its MTN price target from $147 to $142 while maintaining an Equal Weight rating. The new target still implied approximately 2.6% upside based on the cited share price, indicating limited expected appreciation. Morgan Stanley price target update
• Negative Sentiment: Epic Pass sales are reportedly lagging ahead of the winter season. The weakness raises concern about forward revenue and visitation, particularly after last season’s historically poor skiing conditions, despite management’s forecast of a significant recovery. Epic Pass sales report Vail Resorts recovery outlook
• Negative Sentiment: Goldman Sachs assigned Vail Resorts a Sell rating, while Deutsche Bank lowered its price target. The negative revisions reinforce concerns about valuation, operating execution and the uncertain recovery. Goldman Sachs Sell rating Deutsche Bank price target cut

Vail Resorts Company Profile

Vail Resorts, Inc is a mountain resort operator that owns and manages destination ski and summer resorts, regional ski areas, hotels and other hospitality businesses. Its operations are designed to serve visitors throughout the year, with activities including skiing, snowboarding, hiking, mountain biking, lodging, dining, retail and other resort experiences.

The company’s portfolio includes well-known resorts such as Vail, Beaver Creek, Breckenridge, Keystone, Park City, Whistler Blackcomb and Stowe in North America, as well as Perisher, Falls Creek and Hotham in Australia.