Fintel reports that on September 28, 2023, Morgan Stanley initiated coverage of Vail Resorts (NYSE:MTN) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 11.86% Upside
As of August 31, 2023, the average one-year price target for Vail Resorts is 263.92. The forecasts range from a low of 225.23 to a high of $315.00. The average price target represents an increase of 11.86% from its latest reported closing price of 235.95.
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The projected annual revenue for Vail Resorts is 62,894MM, an increase of 2,078.73%. The projected annual non-GAAP EPS is 3.51, a decrease of 55.19% from the prior forecast.
What is the Fund Sentiment?
There are 939 funds or institutions reporting positions in Vail Resorts. This is a decrease of 21 owner(s) or 2.19% in the last quarter. Average portfolio weight of all funds dedicated to MTN is 0.29%, a decrease of 6.46%. Total shares owned by institutions decreased in the last three months by 6.56% to 46,912K shares. 
The put/call ratio of MTN is 0.77, indicating a bullish outlook.
What are Other Shareholders Doing?
Bamco holds 4,670K shares representing 12.11% ownership of the company. In it's prior filing, the firm reported owning 4,629K shares, representing an increase of 0.87%. The firm increased its portfolio allocation in MTN by 0.25% over the last quarter.
Select Equity Group holds 3,095K shares representing 8.03% ownership of the company. In it's prior filing, the firm reported owning 3,165K shares, representing a decrease of 2.26%. The firm increased its portfolio allocation in MTN by 10.19% over the last quarter.
BGRFX - BARON GROWTH FUND holds 2,000K shares representing 5.19% ownership of the company. No change in the last quarter.
APG Asset Management N.V. holds 1,970K shares representing 5.11% ownership of the company. No change in the last quarter.
Principal Financial Group holds 1,664K shares representing 4.32% ownership of the company. In it's prior filing, the firm reported owning 1,671K shares, representing a decrease of 0.39%. The firm decreased its portfolio allocation in MTN by 43.61% over the last quarter.
Vail Resorts Background Information
(This description is provided by the company.)
Vail Resorts, Inc., through its subsidiaries, is the leading global mountain resort operator. Vail Resorts' subsidiaries operate 37 world-class destination mountain resorts and regional ski areas, including Vail, Beaver Creek, Breckenridge, Keystone and Crested Butte in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in British Columbia, Canada; Perisher, Falls Creek and Hotham in Australia; Stowe, Mount Snow, Okemo in Vermont; Hunter Mountain in New York; Mount Sunapee, Attitash, Wildcat and Crotched in New Hampshire; Stevens Pass in Washington; Liberty, Roundtop, Whitetail, Jack Frost and Big Boulder in Pennsylvania; Alpine Valley, Boston Mills, Brandywine and Mad River in Ohio; Hidden Valley and Snow Creek in Missouri; Wilmot in Wisconsin; Afton Alps in Minnesota; Mt. Brighton in Michigan; and Paoli Peaks in Indiana. Vail Resorts owns and/or manages a collection of casually elegant hotels under the RockResorts brand, as well as the Grand Teton Lodge Company in Jackson Hole, Wyoming. Vail Resorts Development Company is the real estate planning and development subsidiary of Vail Resorts.
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