Vail Resorts (NYSE:MTN) Cut to Neutral at BNP Paribas Exane

BNP Paribas Exane lowered shares of Vail Resorts (NYSE:MTN) from an outperform rating to a neutral rating in a research report sent to investors on Monday morning, Marketbeat reports. They currently have $135.00 target price on the stock, down from their prior target price of $151.00.

MTN has been the topic of a number of other research reports. Zacks Research upgraded Vail Resorts from a “strong sell” rating to a “hold” rating in a research report on Monday, August 3rd. Mizuho set a $174.00 price objective on Vail Resorts in a research note on Tuesday, June 9th. Truist Financial reduced their target price on Vail Resorts from $212.00 to $195.00 and set a “buy” rating on the stock in a report on Tuesday, June 9th. The Goldman Sachs Group began coverage on shares of Vail Resorts in a research report on Thursday, August 13th. They set a “sell” rating and a $132.00 target price for the company. Finally, Barclays lowered their price target on shares of Vail Resorts from $138.00 to $119.00 and set an “underweight” rating for the company in a report on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $149.00.

Vail Resorts Price Performance

MTN stock opened at $140.14 on Monday. The company has a market capitalization of $4.99 billion, a P/E ratio of 31.85, a PEG ratio of 9.52 and a beta of 0.69. The company has a fifty day moving average price of $144.53 and a 200-day moving average price of $136.90. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.79 and a current ratio of 0.91. Vail Resorts has a 52-week low of $118.51 and a 52-week high of $163.34.

Hedge Funds Weigh In On Vail Resorts

Several institutional investors have recently made changes to their positions in the stock. Anchor Investment Management LLC acquired a new stake in shares of Vail Resorts in the 2nd quarter valued at about $32,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Vail Resorts during the 2nd quarter worth approximately $36,000. Global Retirement Partners LLC bought a new position in Vail Resorts in the second quarter worth approximately $40,000. Union Savings Bank bought a new position in Vail Resorts in the fourth quarter worth approximately $46,000. Finally, Leonteq Securities AG acquired a new stake in Vail Resorts in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 94.90% of the company’s stock.

About Vail Resorts

Vail Resorts, Inc is a mountain resort company that operates a portfolio of ski and summer resorts, primarily in the United States, Canada and Australia. Its properties offer skiing, snowboarding and other outdoor recreational activities, along with lodging, dining, retail, equipment rentals, lessons and related guest services.

The company’s resort portfolio includes well-known destinations such as Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Whistler Blackcomb in British Columbia; and Perisher in New South Wales, Australia.