JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Vail Resorts (NYSE:MTN) Stock

Vail Resorts (NYSE:MTN - Get Free Report) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from $166.00 to $167.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 1.52% from the company's previous close.

Several other analysts have also issued reports on the company. Truist Financial dropped their price objective on Vail Resorts from $250.00 to $247.00 and set a "buy" rating on the stock in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft increased their price target on Vail Resorts from $185.00 to $196.00 and gave the company a "hold" rating in a research note on Monday, December 9th. Macquarie raised their price target on Vail Resorts from $180.00 to $195.00 and gave the company a "neutral" rating in a report on Wednesday, December 11th. Stifel Nicolaus upped their price objective on shares of Vail Resorts from $216.00 to $217.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Finally, Morgan Stanley restated an "equal weight" rating on shares of Vail Resorts in a research note on Monday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $196.00.

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Vail Resorts Stock Performance

NYSE MTN traded up $10.92 on Tuesday, hitting $164.50. 293,983 shares of the stock were exchanged, compared to its average volume of 551,841. The company has a market capitalization of $6.16 billion, a PE ratio of 27.24, a P/E/G ratio of 1.93 and a beta of 1.12. The company has a debt-to-equity ratio of 3.64, a current ratio of 0.63 and a quick ratio of 0.51. The business's fifty day moving average is $168.90 and its 200 day moving average is $176.04. Vail Resorts has a 52 week low of $151.99 and a 52 week high of $233.57.

Vail Resorts (NYSE:MTN - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The company reported $6.56 earnings per share for the quarter, topping the consensus estimate of $6.29 by $0.27. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business earned $5.76 EPS. Vail Resorts's revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts anticipate that Vail Resorts will post 7.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Vail Resorts

Hedge funds and other institutional investors have recently modified their holdings of the company. Miracle Mile Advisors LLC raised its stake in Vail Resorts by 3.2% in the 4th quarter. Miracle Mile Advisors LLC now owns 2,121 shares of the company's stock worth $398,000 after purchasing an additional 65 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Vail Resorts by 20.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 393 shares of the company's stock worth $74,000 after purchasing an additional 67 shares during the period. Sterling Capital Management LLC raised its position in shares of Vail Resorts by 8.5% in the fourth quarter. Sterling Capital Management LLC now owns 881 shares of the company's stock valued at $165,000 after buying an additional 69 shares in the last quarter. Accretive Wealth Partners LLC boosted its stake in shares of Vail Resorts by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 5,294 shares of the company's stock valued at $992,000 after buying an additional 80 shares during the period. Finally, UMB Bank n.a. grew its position in Vail Resorts by 37.9% during the fourth quarter. UMB Bank n.a. now owns 302 shares of the company's stock worth $57,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company's stock.

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.

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