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

Shares of Vail Resorts, Inc. (NYSE:MTN) have received a consensus recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $221.50.

MTN has been the topic of several recent research reports. Stifel Nicolaus reduced their price objective on Vail Resorts from $262.00 to $259.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vail Resorts from $244.00 to $226.00 in a research note on Thursday, June 6th. Morgan Stanley cut their price objective on shares of Vail Resorts from $229.00 to $179.00 and set an “equal weight” rating for the company in a research report on Friday, June 7th. Mizuho decreased their target price on shares of Vail Resorts from $256.00 to $231.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Finally, Barclays cut their price target on Vail Resorts from $201.00 to $161.00 and set an “underweight” rating for the company in a report on Friday, June 7th.

Hedge Funds Weigh In On Vail Resorts

Hedge funds and other institutional investors have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its position in Vail Resorts by 66.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 45,233 shares of the company’s stock valued at $10,082,000 after buying an additional 17,976 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Vail Resorts during the 1st quarter valued at $3,228,000. Nordea Investment Management AB increased its holdings in Vail Resorts by 5.9% in the 1st quarter. Nordea Investment Management AB now owns 441,749 shares of the company’s stock valued at $98,470,000 after purchasing an additional 24,456 shares in the last quarter. Junto Capital Management LP purchased a new position in Vail Resorts in the fourth quarter valued at about $14,011,000. Finally, Edgestream Partners L.P. lifted its stake in shares of Vail Resorts by 146.3% during the first quarter. Edgestream Partners L.P. now owns 12,147 shares of the company’s stock worth $2,707,000 after purchasing an additional 7,216 shares in the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.

Vail Resorts Price Performance

MTN stock opened at $178.16 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.08 and a current ratio of 1.18. The stock’s 50 day moving average price is $178.25 and its 200 day moving average price is $195.17. The firm has a market cap of $6.70 billion, a P/E ratio of 24.24, a PEG 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.

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.