Vail Resorts (NYSE:MTN) Receives Equal Weight Rating from Morgan Stanley

Vail Resorts (NYSE:MTN - Get Free Report)'s stock had its "equal weight" rating reaffirmed by equities research analysts at Morgan Stanley in a research note issued on Monday,Benzinga reports. They presently have a $197.00 price target on the stock. Morgan Stanley's target price indicates a potential upside of 3.51% from the company's current price.

MTN has been the subject of several other research reports. Truist Financial dropped their price objective on shares of Vail Resorts from $250.00 to $247.00 and set a "buy" rating for the company in a research note on Tuesday, December 10th. Mizuho upped their price target on Vail Resorts from $222.00 to $227.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Stifel Nicolaus lifted their price objective on Vail Resorts from $216.00 to $217.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. StockNews.com upgraded Vail Resorts from a "sell" rating to a "hold" rating in a report on Friday, December 13th. Finally, Macquarie boosted their price target on shares of Vail Resorts from $180.00 to $195.00 and gave the company a "neutral" rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $205.50.

Vail Resorts Price Performance

Shares of NYSE:MTN traded up $6.00 during trading on Monday, reaching $190.32. The stock had a trading volume of 637,215 shares, compared to its average volume of 533,027. The company has a debt-to-equity ratio of 3.64, a quick ratio of 0.71 and a current ratio of 0.63. Vail Resorts has a 1-year low of $165.00 and a 1-year high of $236.92. The stock has a market cap of $7.13 billion, a PE ratio of 31.61, a PEG ratio of 2.22 and a beta of 1.14. The business has a fifty day moving average price of $178.77 and a 200-day moving average price of $178.55.

Vail Resorts (NYSE:MTN - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, beating analysts' consensus estimates of ($4.99) by $0.38. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. The company had revenue of $260.28 million for the quarter, compared to analyst estimates of $251.45 million. During the same quarter last year, the firm posted ($4.60) EPS. The firm's revenue for the quarter was up .7% on a year-over-year basis. On average, equities analysts forecast that Vail Resorts will post 7.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch purchased 165 shares of the firm's stock in a transaction on Thursday, October 3rd. The stock was bought at an average price of $173.09 per share, with a total value of $28,559.85. Following the transaction, the chief financial officer now directly owns 2,187 shares of the company's stock, valued at approximately $378,547.83. This represents a 8.16 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John F. Sorte sold 1,670 shares of the company's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $173.07, for a total value of $289,026.90. Following the sale, the director now directly owns 45,111 shares in the company, valued at $7,807,360.77. This represents a 3.57 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bamco Inc. NY raised its position in Vail Resorts by 2.7% in the 3rd quarter. Bamco Inc. NY now owns 5,185,136 shares of the company's stock valued at $903,717,000 after purchasing an additional 136,328 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Vail Resorts by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,154,759 shares of the company's stock valued at $201,263,000 after acquiring an additional 40,643 shares in the last quarter. TPG GP A LLC lifted its stake in Vail Resorts by 17.4% in the second quarter. TPG GP A LLC now owns 899,446 shares of the company's stock worth $162,017,000 after acquiring an additional 133,607 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Vail Resorts by 8.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 686,984 shares of the company's stock worth $119,734,000 after acquiring an additional 51,438 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Vail Resorts by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 649,624 shares of the company's stock valued at $113,252,000 after purchasing an additional 8,422 shares during the last quarter. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

About Vail Resorts

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.