Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Vail Resorts (NYSE:MTN) Stock

Vail Resorts (NYSE:MTN) had its target price lifted by Deutsche Bank Aktiengesellschaft from $185.00 to $196.00 in a research report issued on Monday. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 0.29% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Barclays cut their target price on shares of Vail Resorts from $161.00 to $155.00 and set an “underweight” rating on the stock in a research report on Friday, September 27th. UBS Group began coverage on shares of Vail Resorts in a research note on Thursday, November 14th. They issued a “neutral” rating and a $185.00 price objective on the stock. StockNews.com upgraded Vail Resorts from a “sell” rating to a “hold” rating in a report on Monday, December 2nd. Macquarie reaffirmed a “neutral” rating and set a $180.00 target price on shares of Vail Resorts in a report on Wednesday, October 2nd. Finally, Morgan Stanley increased their price target on Vail Resorts from $179.00 to $182.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Two equities 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. According to data from MarketBeat, Vail Resorts currently has a consensus rating of “Hold” and an average target price of $204.00.

Vail Resorts Stock Up 2.5 %

Shares of NYSE:MTN opened at $195.44 on Monday. Vail Resorts has a 52-week low of $165.00 and a 52-week high of $236.92. The company has a market capitalization of $7.33 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.82. The company has a fifty day moving average of $176.27 and a 200-day moving average of $178.67.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($4.99) by $0.38. Vail Resorts had a return on equity of 20.76% and a net margin of 7.99%. 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 firm earned ($4.60) EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts predict that Vail Resorts will post 7.23 EPS for the current fiscal year.

Insider Activity

In other Vail Resorts news, Director John F. Sorte sold 1,670 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $173.07, for a total transaction of $289,026.90. Following the completion of the sale, the director now owns 45,111 shares in the company, valued at approximately $7,807,360.77. The trade was a 3.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert A. Katz sold 9,296 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $175.98, for a total transaction of $1,635,910.08. Following the completion of the transaction, the insider now directly owns 245,961 shares in the company, valued at $43,284,216.78. This trade represents a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bamco Inc. NY lifted its stake in Vail Resorts by 2.7% during the 3rd quarter. Bamco Inc. NY now owns 5,185,136 shares of the company’s stock valued at $903,717,000 after acquiring an additional 136,328 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Vail Resorts by 3.6% during 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 purchasing an additional 40,643 shares in the last quarter. TPG GP A LLC boosted its holdings in Vail Resorts by 17.4% during the second quarter. TPG GP A LLC now owns 899,446 shares of the company’s stock worth $162,017,000 after purchasing an additional 133,607 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Vail Resorts by 8.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 686,984 shares of the company’s stock worth $119,734,000 after purchasing an additional 51,438 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in 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 buying an additional 8,422 shares during the last quarter. 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.