StockNews.com Downgrades Vail Resorts (NYSE:MTN) to Sell

StockNews.com downgraded shares of Vail Resorts (NYSE:MTN) from a hold rating to a sell rating in a research note released on Friday morning.

Other research analysts also recently issued research reports about the company. Stifel Nicolaus decreased their price objective on Vail Resorts from $223.00 to $216.00 and set a buy rating on the stock in a report on Friday. Morgan Stanley lifted their price objective on Vail Resorts from $179.00 to $182.00 and gave the stock an equal weight rating in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on Vail Resorts from $218.00 to $194.00 and set a hold rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. downgraded Vail Resorts from a neutral rating to an underweight rating and decreased their price objective for the stock from $217.00 to $176.00 in a report on Friday, June 7th. Finally, Mizuho decreased their price objective on Vail Resorts from $256.00 to $231.00 and set a buy rating on the stock in a report on Friday, June 7th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Vail Resorts currently has an average rating of Hold and a consensus target price of $211.75.

Vail Resorts Trading Down 3.5 %

Shares of MTN stock opened at $174.29 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.18 and a debt-to-equity ratio of 2.04. The business has a 50-day moving average price of $179.41 and a two-hundred day moving average price of $191.18. Vail Resorts has a 12-month low of $165.14 and a 12-month high of $236.92. The firm has a market cap of $6.56 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14.

Vail Resorts (NYSE:MTN) last issued its quarterly earnings results on Thursday, September 26th. The company reported ($4.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.28) by ($0.39). The firm had revenue of $265.39 million for the quarter, compared to the consensus estimate of $264.84 million. Vail Resorts had a return on equity of 20.33% and a net margin of 7.99%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm earned ($3.35) EPS. Equities analysts anticipate that Vail Resorts will post 8.16 EPS for the current fiscal year.

Vail Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th will be given a $2.22 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $8.88 dividend on an annualized basis and a dividend yield of 5.09%. Vail Resorts’s dividend payout ratio is currently 120.82%.

Institutional Trading of Vail Resorts

A number of hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new position in Vail Resorts in the 2nd quarter valued at approximately $4,010,000. Dana Investment Advisors Inc. purchased a new stake in shares of Vail Resorts in the 2nd quarter worth $1,739,000. Aurora Investment Counsel increased its stake in shares of Vail Resorts by 24.6% in the 2nd quarter. Aurora Investment Counsel now owns 12,812 shares of the company’s stock worth $2,308,000 after purchasing an additional 2,532 shares in the last quarter. Regal Investment Advisors LLC increased its stake in Vail Resorts by 23.9% in the 2nd quarter. Regal Investment Advisors LLC now owns 1,406 shares of the company’s stock worth $253,000 after buying an additional 271 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in Vail Resorts in the 2nd quarter worth $689,000. 94.94% of the stock is owned by institutional investors.

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.