JPMorgan Chase & Co. Has Lowered Expectations for Vail Resorts (NYSE:MTN) Stock Price

Vail Resorts (NYSE:MTN) had its price target trimmed by JPMorgan Chase & Co. from $176.00 to $166.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an underweight rating on the stock.

A number of other equities research analysts have also recently commented on MTN. Morgan Stanley reissued an “equal weight” rating and issued a $197.00 price objective on shares of Vail Resorts in a research note on Monday, December 23rd. Truist Financial lowered their price target on shares of Vail Resorts from $250.00 to $247.00 and set a “buy” rating on the stock in a research report on Tuesday, December 10th. Macquarie raised their price objective on shares of Vail Resorts from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 11th. Barclays upped their target price on Vail Resorts from $155.00 to $165.00 and gave the company an “underweight” rating in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus raised their price target on Vail Resorts from $216.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Two equities 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 a consensus target price of $204.50.

Vail Resorts Price Performance

Shares of NYSE:MTN opened at $177.38 on Friday. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 2.07 and a beta of 1.12. 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 business’s 50 day simple moving average is $184.09 and its 200-day simple moving average is $179.15. Vail Resorts has a 12 month low of $165.00 and a 12 month high of $236.92.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings data on Monday, December 9th. The company reported ($4.61) earnings per share (EPS) for the quarter, topping the consensus estimate of ($4.99) by $0.38. The firm had revenue of $260.28 million during the quarter, compared to analysts’ expectations of $251.45 million. Vail Resorts had a return on equity of 21.90% and a net margin of 8.07%. Vail Resorts’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted ($4.60) earnings per share. As a group, equities analysts forecast that Vail Resorts will post 7.57 earnings per share for the current fiscal year.

Vail Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were paid a dividend of $2.22 per share. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date was Thursday, December 26th. Vail Resorts’s dividend payout ratio is presently 147.51%.

Institutional Investors Weigh In On Vail Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in Vail Resorts by 673.1% in the second quarter. The Manufacturers Life Insurance Company now owns 635,546 shares of the company’s stock valued at $114,481,000 after purchasing an additional 553,337 shares during the period. River Road Asset Management LLC boosted its holdings in shares of Vail Resorts by 606.6% in the 3rd quarter. River Road Asset Management LLC now owns 341,311 shares of the company’s stock valued at $59,487,000 after purchasing an additional 293,006 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Vail Resorts during the 3rd quarter valued at $35,264,000. FMR LLC grew its stake in shares of Vail Resorts by 1,080.8% during the 3rd quarter. FMR LLC now owns 207,809 shares of the company’s stock valued at $36,219,000 after buying an additional 190,210 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Vail Resorts by 1,063.7% during the 2nd quarter. AQR Capital Management LLC now owns 177,033 shares of the company’s stock worth $31,767,000 after buying an additional 161,820 shares during the last quarter. 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.