Marriott Vacations Worldwide Corp. Rating Increased to Outperform at Zacks (VAC)
Marriott Vacations Worldwide Corp. (NYSE:VAC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday, American Banking News.com reports. The firm currently has a $50.00 price objective on the stock. Zacks‘ price objective points to a potential upside of 9.70% from the stock’s previous close.
Shares of Marriott Vacations Worldwide Corp. (NYSE:VAC) traded up 0.70% on Monday, hitting $45.90. The stock had a trading volume of 106,894 shares. Marriott Vacations Worldwide Corp. has a 52 week low of $37.29 and a 52 week high of $47.92. The stock has a 50-day moving average of $44.06 and a 200-day moving average of $44.22. The company has a market cap of $1.624 billion and a P/E ratio of 32.01.
Marriott Vacations Worldwide Corp. (NYSE:VAC) last released its earnings data on Thursday, July 18th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.47 by $0.26. The company had revenue of $421.00 million for the quarter, compared to the consensus estimate of $403.25 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at Sidoti initiated coverage on shares of Marriott Vacations Worldwide Corp. in a research note to investors on Friday, August 23rd. They set a “buy” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Marriott Vacations Worldwide Corp. from $43.00 to $38.00 in a research note to investors on Thursday, August 22nd. Finally, analysts at SunTrust raised their price target on shares of Marriott Vacations Worldwide Corp. from $52.00 to $55.00 in a research note to investors on Friday, July 19th. Six research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $51.43.
Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacations ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.
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