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

Vail Resorts (NYSE:MTN) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from $166.00 to $167.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 3.29% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. StockNews.com upgraded shares of Vail Resorts from a “sell” rating to a “hold” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Vail Resorts from $185.00 to $196.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Morgan Stanley reissued an “equal weight” rating on shares of Vail Resorts in a research report on Monday. Truist Financial decreased 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 report on Tuesday, December 10th. Finally, Mizuho lifted their price objective on shares of Vail Resorts from $222.00 to $227.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $193.56.

Vail Resorts Trading Down 2.3 %

Shares of NYSE:MTN opened at $161.68 on Tuesday. Vail Resorts has a 12 month low of $151.99 and a 12 month high of $233.57. 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 fifty day simple moving average is $167.95 and its 200 day simple moving average is $175.86. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 1.93 and a beta of 1.12.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Monday, March 10th. The company reported $6.56 earnings per share (EPS) for the quarter, beating 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 firm 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. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts forecast that Vail Resorts will post 7.62 EPS for the current fiscal year.

Institutional Trading of Vail Resorts

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new stake in shares of Vail Resorts during the 3rd quarter worth about $25,000. Heck Capital Advisors LLC bought a new stake in Vail Resorts in the 4th quarter valued at about $33,000. Blue Trust Inc. boosted its holdings in Vail Resorts by 246.7% in the 4th quarter. Blue Trust Inc. now owns 208 shares of the company’s stock valued at $36,000 after purchasing an additional 148 shares during the period. Eagle Bay Advisors LLC bought a new stake in Vail Resorts in the 4th quarter valued at about $40,000. Finally, GeoWealth Management LLC boosted its holdings in Vail Resorts by 162.2% in the 4th quarter. GeoWealth Management LLC now owns 291 shares of the company’s stock valued at $55,000 after purchasing an additional 180 shares during the period. 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.