Vail Resorts (NYSE:MTN) Upgraded at Zacks Research

Vail Resorts (NYSE:MTN) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports. Zacks Research also issued estimates for Vail Resorts’ Q2 2028 earnings at $6.23 EPS.

Other equities research analysts also recently issued reports about the stock. UBS Group reiterated a “neutral” rating on shares of Vail Resorts in a research note on Tuesday, June 9th. Stifel Nicolaus decreased their price target on shares of Vail Resorts from $172.00 to $167.00 and set a “buy” rating for the company in a research report on Tuesday, June 9th. Truist Financial lowered their price target on Vail Resorts from $212.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, June 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Vail Resorts in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Vail Resorts from $124.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 9th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $151.45.

Vail Resorts Price Performance

MTN stock opened at $149.76 on Monday. The company has a market cap of $5.34 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 9.85 and a beta of 0.70. The company has a current ratio of 0.91, a quick ratio of 0.79 and a debt-to-equity ratio of 3.22. The stock has a 50-day moving average price of $141.86 and a two-hundred day moving average price of $135.69. Vail Resorts has a 12-month low of $118.51 and a 12-month high of $165.50.

Vail Resorts (NYSE:MTN) last released its quarterly earnings data on Monday, June 8th. The company reported $8.81 earnings per share for the quarter, missing the consensus estimate of $8.97 by ($0.16). Vail Resorts had a net margin of 5.38% and a return on equity of 21.88%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm earned $10.54 earnings per share. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, research analysts predict that Vail Resorts will post 4.31 EPS for the current year.

Hedge Funds Weigh In On Vail Resorts

Several large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its holdings in Vail Resorts by 26.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 976,732 shares of the company’s stock worth $125,334,000 after buying an additional 201,750 shares during the last quarter. Oasis Management Co Ltd. increased its holdings in shares of Vail Resorts by 8.3% in the 4th quarter. Oasis Management Co Ltd. now owns 1,851,234 shares of the company’s stock valued at $245,844,000 after acquiring an additional 141,500 shares during the last quarter. CWM LLC raised its position in shares of Vail Resorts by 1,904.9% during the 4th quarter. CWM LLC now owns 14,054 shares of the company’s stock valued at $1,866,000 after acquiring an additional 13,353 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Vail Resorts by 945.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 20,963 shares of the company’s stock valued at $2,784,000 after acquiring an additional 18,957 shares in the last quarter. Finally, Peregrine Capital Management LLC acquired a new stake in shares of Vail Resorts during the 1st quarter valued at approximately $4,605,000. Institutional investors own 94.90% of the company’s stock.

About Vail Resorts

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.