Vail Resorts (NYSE:MTN) Given New $160.00 Price Target at Bank of America

Vail Resorts (NYSE:MTN - Get Free Report) had its target price decreased by Bank of America from $185.00 to $160.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Bank of America's price objective suggests a potential upside of 20.86% from the stock's previous close.

Several other research analysts have also recently issued reports on the company. Morgan Stanley cut their target price on Vail Resorts from $197.00 to $178.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 11th. Barclays reiterated an "underweight" rating and issued a $152.00 target price (down previously from $165.00) on shares of Vail Resorts in a report on Monday, March 10th. Mizuho reduced their price objective on shares of Vail Resorts from $227.00 to $215.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Macquarie dropped their target price on shares of Vail Resorts from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. upped their target price on Vail Resorts from $166.00 to $167.00 and gave the company an "underweight" rating in a report on Tuesday, March 11th. 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $190.20.

Vail Resorts Stock Down 4.4 %

Shares of NYSE:MTN traded down $6.05 during trading on Monday, reaching $132.38. 328,015 shares of the stock were exchanged, compared to its average volume of 645,181. The stock has a fifty day moving average of $154.76 and a two-hundred day moving average of $169.73. Vail Resorts has a 1-year low of $129.85 and a 1-year high of $206.55. 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 firm has a market cap of $4.94 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93.

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

Insider Activity at Vail Resorts

In other Vail Resorts news, CFO Angela A. Korch acquired 185 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $160.00 per share, with a total value of $29,600.00. Following the acquisition, the chief financial officer now owns 2,956 shares in the company, valued at approximately $472,960. This represents a 6.68 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Vail Resorts

Several institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Vail Resorts during the fourth quarter valued at about $80,669,000. Point72 Asset Management L.P. grew its stake in Vail Resorts by 170.1% during the fourth quarter. Point72 Asset Management L.P. now owns 546,423 shares of the company's stock valued at $102,427,000 after acquiring an additional 344,095 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Vail Resorts by 42.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 976,468 shares of the company's stock worth $183,039,000 after acquiring an additional 289,484 shares during the period. Wealthfront Advisers LLC purchased a new stake in Vail Resorts in the 4th quarter worth approximately $42,532,000. Finally, DnB Asset Management AS bought a new position in Vail Resorts in the 4th quarter valued at $33,286,000. Hedge funds and other institutional investors own 94.94% of the company's stock.

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.

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