Vail Resorts (NYSE:MTN) Upgraded by The Goldman Sachs Group to “Strong Sell” Rating

Vail Resorts (NYSE:MTN) was upgraded by equities researchers at The Goldman Sachs Group to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other brokerages have also recently commented on MTN. Weiss Ratings restated a “sell (d+)” rating on shares of Vail Resorts in a research report on Tuesday, July 7th. Zacks Research raised shares of Vail Resorts from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Truist Financial reduced their target price on shares of Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Vail Resorts from $143.00 to $134.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Finally, Mizuho set a $174.00 price target on shares of Vail Resorts in a research report on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $149.83.

Vail Resorts Trading Down 1.8%

Shares of Vail Resorts stock opened at $145.74 on Thursday. The company’s fifty day simple moving average is $143.81 and its 200-day simple moving average is $136.05. The stock has a market capitalization of $5.19 billion, a PE ratio of 33.12, a P/E/G ratio of 9.79 and a beta of 0.70. Vail Resorts has a 1-year low of $118.51 and a 1-year high of $165.50. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.91 and a quick ratio of 0.79.

Vail Resorts (NYSE:MTN) last posted its quarterly earnings data on Monday, June 8th. The company reported $8.81 EPS for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a return on equity of 21.88% and a net margin of 5.38%.The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the company earned $10.54 earnings per share. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, equities analysts anticipate that Vail Resorts will post 4.32 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BOKF NA boosted its stake in Vail Resorts by 833.3% in the 3rd quarter. BOKF NA now owns 168 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Vail Resorts by 815.8% during the second quarter. EverSource Wealth Advisors LLC now owns 174 shares of the company’s stock worth $27,000 after acquiring an additional 155 shares during the last quarter. Danske Bank A S purchased a new position in Vail Resorts during the third quarter valued at $30,000. Golden State Wealth Management LLC increased its holdings in Vail Resorts by 83.3% in the 4th quarter. Golden State Wealth Management LLC now owns 220 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Vail Resorts by 1,585.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 236 shares of the company’s stock worth $31,000 after purchasing an additional 222 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Vail Resorts Company Profile

Vail Resorts, Inc is a leading mountain resort company that owns and operates an integrated network of ski areas, hotels, restaurants and retail outlets. The company’s signature Epic Pass program offers skiers and snowboarders season?long access to its portfolio of resorts, while ancillary services such as ski and snowboard schools, equipment rental and retail drive additional revenue.

Headquartered in Broomfield, Colorado, Vail Resorts was formed in 1997, building on the legacy of Vail Associates, which opened the Vail ski area in 1962.