Brokerages Set Vail Resorts, Inc. (NYSE:MTN) Target Price at $221.50

Shares of Vail Resorts, Inc. (NYSE:MTN) have received an average recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $221.50.

Several brokerages have issued reports on MTN. JPMorgan Chase & Co. downgraded shares of Vail Resorts from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $217.00 to $176.00 in a research report on Friday, June 7th. Mizuho reduced their price objective on Vail Resorts from $256.00 to $231.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Barclays decreased their price objective on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a research report on Friday, June 7th. Morgan Stanley dropped their target price on Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday, June 7th. Finally, Stifel Nicolaus decreased their price target on Vail Resorts from $262.00 to $259.00 and set a “buy” rating for the company in a report on Friday, June 7th.

Vail Resorts Price Performance

Shares of MTN opened at $178.16 on Friday. The firm has a fifty day moving average price of $178.25 and a 200 day moving average price of $195.17. The stock has a market cap of $6.70 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 2.33 and a beta of 1.14. Vail Resorts has a 1-year low of $165.14 and a 1-year high of $254.78. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.18 and a quick ratio of 1.08.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MTN. Signaturefd LLC grew its stake in shares of Vail Resorts by 150.9% during the 2nd quarter. Signaturefd LLC now owns 138 shares of the company’s stock worth $25,000 after purchasing an additional 83 shares during the period. Quarry LP purchased a new stake in Vail Resorts during the fourth quarter worth about $35,000. Brown Brothers Harriman & Co. grew its position in Vail Resorts by 318.8% during the second 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 lifted its position in shares of Vail Resorts by 66.7% during the 2nd quarter. Canton Hathaway LLC now owns 250 shares of the company’s stock valued at $45,000 after acquiring an additional 100 shares during the period. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Vail Resorts during the 2nd quarter valued at approximately $51,000. 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.