JPMorgan Chase & Co. Issues Pessimistic Forecast for Vail Resorts (NYSE:MTN) Stock Price

Vail Resorts (NYSE:MTN - Free Report) had its price objective lowered by JPMorgan Chase & Co. from $176.00 to $166.00 in a report published on Friday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Several other research firms have also issued reports on MTN. UBS Group initiated coverage on shares of Vail Resorts in a research report on Thursday, November 14th. They set a "neutral" rating and a $185.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised their target price on Vail Resorts from $185.00 to $196.00 and gave the company a "hold" rating in a report on Monday, December 9th. Morgan Stanley reissued an "equal weight" rating and set a $197.00 price target on shares of Vail Resorts in a report on Monday, December 23rd. Macquarie raised their price objective on Vail Resorts from $180.00 to $195.00 and gave the company a "neutral" rating in a research note on Wednesday, December 11th. Finally, Mizuho lifted their target price on Vail Resorts from $222.00 to $227.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $204.50.

Vail Resorts Price Performance

Shares of NYSE:MTN traded down $2.67 during trading on Friday, reaching $177.38. 851,155 shares of the company traded hands, compared to its average volume of 705,378. The firm has a market capitalization of $6.64 billion, a PE ratio of 29.47, a PEG ratio of 2.07 and a beta of 1.12. Vail Resorts has a 52 week low of $165.00 and a 52 week high of $236.92. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 3.64. The company's 50 day moving average is $184.10 and its two-hundred day moving average is $179.14.

Vail Resorts (NYSE:MTN - Get Free Report) last posted its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share for the quarter, topping the consensus estimate of ($4.99) by $0.38. Vail Resorts had a net margin of 8.07% and a return on equity of 21.90%. The business had revenue of $260.28 million during the quarter, compared to analysts' expectations of $251.45 million. During the same quarter in the prior year, the business posted ($4.60) earnings per share. Vail Resorts's revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts predict that Vail Resorts will post 7.57 earnings per share for the current year.

Vail Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, December 26th were issued a dividend of $2.22 per share. This represents a $8.88 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend was Thursday, December 26th. Vail Resorts's dividend payout ratio (DPR) is currently 147.51%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MTN. Stifel Financial Corp increased its position in Vail Resorts by 47.6% in the 3rd quarter. Stifel Financial Corp now owns 21,131 shares of the company's stock valued at $3,683,000 after acquiring an additional 6,816 shares during the period. Geode Capital Management LLC increased its holdings in Vail Resorts by 1.3% in the third 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 period. AQR Capital Management LLC increased its holdings in Vail Resorts by 1,063.7% in the second 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 period. River Road Asset Management LLC raised its position in Vail Resorts by 606.6% during the 3rd quarter. River Road Asset Management LLC now owns 341,311 shares of the company's stock worth $59,487,000 after purchasing an additional 293,006 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Vail Resorts during the 3rd quarter worth about $12,577,000. Institutional investors 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.