Wells Fargo & Co. Cuts Vail Resorts to Market Perform (MTN)

By admin | 6 years ago

Vail Resorts (NYSE: MTN) was downgraded by equities researchers at Wells Fargo & Co. (NYSE: WFC) from an “outperform” rating to a “market perform” rating in a report issued on Thursday.

Shares of Vail Resorts traded down 2.23% during mid-day trading on Thursday, hitting $42.47. Vail Resorts has a one year low of $34.54 and a one year high of $48.65. The company has a market cap of $1.529 billion and a P/E ratio of 114.92.

Vail Resorts last issued its quarterly earnings data on Tuesday, March 6th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by $0.17. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, analysts predict that Vail Resorts will post $-1.57 earnings per share next quarter.

Separately, analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of Vail Resorts in a research note to investors on Wednesday, March 7th.

Vail Resorts, Inc. is a public holding company. The Company’s operations are grouped into three business segments: Mountain, Lodging and Real Estate.

About the author