Vail Resorts (NYSE:MTN) Price Target Cut to $243.00 by Analysts at JPMorgan Chase & Co.

Vail Resorts (NYSE:MTN) had its price target cut by JPMorgan Chase & Co. from $252.00 to $243.00 in a research note published on Monday, Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. Bank of America cut shares of Vail Resorts from a buy rating to a neutral rating and lowered their price target for the stock from $285.00 to $250.00 in a research report on Friday, March 8th. Truist Financial reaffirmed a buy rating and issued a $290.00 price target on shares of Vail Resorts in a research report on Friday, January 19th. Morgan Stanley upped their price target on shares of Vail Resorts from $247.00 to $248.00 and gave the stock an equal weight rating in a research report on Thursday, March 7th. Mizuho began coverage on shares of Vail Resorts in a research report on Tuesday, March 26th. They set a buy rating and a $256.00 target price for the company. Finally, Stifel Nicolaus reissued a buy rating and set a $263.00 target price on shares of Vail Resorts in a research report on Friday, March 22nd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $260.11.

Vail Resorts Price Performance

Vail Resorts stock opened at $202.68 on Monday. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 33.84, a price-to-earnings-growth ratio of 2.17 and a beta of 1.11. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.96 and a quick ratio of 0.85. Vail Resorts has a 1 year low of $200.51 and a 1 year high of $258.13. The firm has a 50-day moving average of $224.44 and a two-hundred day moving average of $221.25.

Vail Resorts (NYSE:MTN) last announced its quarterly earnings results on Monday, March 11th. The company reported $5.76 earnings per share for the quarter, missing the consensus estimate of $6.07 by ($0.31). Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the company posted $5.16 EPS. Vail Resorts’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, research analysts forecast that Vail Resorts will post 7.69 earnings per share for the current year.

Vail Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a dividend of $2.22 per share. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 4.38%. Vail Resorts’s dividend payout ratio is presently 148.25%.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $222.77, for a total transaction of $222,770.00. Following the transaction, the director now owns 7,592 shares in the company, valued at approximately $1,691,269.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MTN. SG Americas Securities LLC acquired a new stake in shares of Vail Resorts in the third quarter worth $3,675,000. State of Alaska Department of Revenue purchased a new stake in Vail Resorts during the third quarter worth $1,017,000. Baskin Financial Services Inc. boosted its holdings in Vail Resorts by 0.5% during the third quarter. Baskin Financial Services Inc. now owns 81,303 shares of the company’s stock worth $18,040,000 after buying an additional 372 shares in the last quarter. Washington Trust Advisors Inc. boosted its holdings in Vail Resorts by 1.0% during the third quarter. Washington Trust Advisors Inc. now owns 22,700 shares of the company’s stock worth $5,037,000 after buying an additional 226 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC purchased a new position in Vail Resorts during the third quarter valued at $713,000. Institutional investors and hedge funds 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.