Vail Resorts (NYSE:MTN) Price Target Cut to $194.00

Vail Resorts (NYSE:MTN) had its price target decreased by Deutsche Bank Aktiengesellschaft from $218.00 to $194.00 in a research report released on Monday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other equities analysts also recently commented on MTN. Barclays lowered their target price on shares of Vail Resorts from $201.00 to $161.00 and set an underweight rating on the stock in a report on Friday, June 7th. Stifel Nicolaus decreased their price target on shares of Vail Resorts from $262.00 to $259.00 and set a buy rating on the stock in a research note on Friday, June 7th. Mizuho decreased their price target on shares of Vail Resorts from $256.00 to $231.00 and set a buy rating on the stock in a research note on Friday, June 7th. JPMorgan Chase & Co. downgraded shares of Vail Resorts from a neutral rating to an underweight rating and decreased their price target for the company from $217.00 to $176.00 in a research note on Friday, June 7th. Finally, Morgan Stanley decreased their price target on shares of Vail Resorts from $229.00 to $179.00 and set an equal weight rating on the stock in a research note on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $213.00.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $186.97 on Monday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08. Vail Resorts has a 1-year low of $165.14 and a 1-year high of $254.72. The company has a market capitalization of $7.03 billion, a P/E ratio of 25.44, a P/E/G ratio of 2.38 and a beta of 1.14. The firm’s 50 day simple moving average is $178.82 and its two-hundred day simple moving average is $193.59.

Institutional Investors Weigh In On Vail Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in MTN. Signaturefd LLC raised its stake in shares of Vail Resorts by 150.9% in the second quarter. Signaturefd LLC now owns 138 shares of the company’s stock valued at $25,000 after acquiring an additional 83 shares during the period. Quarry LP purchased a new position in Vail Resorts in the 4th quarter worth about $35,000. Brown Brothers Harriman & Co. increased its stake in Vail Resorts by 318.8% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 201 shares of the company’s stock worth $36,000 after buying an additional 153 shares during the period. Canton Hathaway LLC increased its stake in Vail Resorts by 66.7% in the 2nd quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock worth $45,000 after buying an additional 100 shares during the period. Finally, Triad Wealth Partners LLC purchased a new position in Vail Resorts in the 2nd quarter worth about $51,000. Hedge funds and other 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.