Marriott Vacations Worldwide Corp. Reaches New 12-Month High at $48.32 (VAC)
Marriott Vacations Worldwide Corp. (NYSE:VAC)’s share price reached a new 52-week high on Thursday, American Banking and Market News reports. The company traded as high as $48.32 and last traded at $47.09, with a volume of 677,182 shares traded. The stock had previously closed at $44.50.
A number of research firms have recently commented on VAC. Analysts at Zacks upgraded shares of Marriott Vacations Worldwide Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $50.00 price target on the stock. Separately, 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. Finally, 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. Six research analysts have rated the stock with a buy rating, Marriott Vacations Worldwide Corp. has a consensus rating of “Buy” and an average target price of $51.43.
Marriott Vacations Worldwide Corp. has a one year low of $37.29 and a one year high of $47.92. The stock has a 50-day moving average of $44.13 and a 200-day moving average of $44.28. The company has a market cap of $1.666 billion and a price-to-earnings ratio of 31.25.
Marriott Vacations Worldwide Corp. (NYSE:VAC) last issued its quarterly earnings data on Thursday, October 10th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.33. The company had revenue of $412.00 million for the quarter, compared to the consensus estimate of $400.32 million. During the same quarter last year, the company posted $0.25 earnings per share. Marriott Vacations Worldwide Corp.’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that Marriott Vacations Worldwide Corp. will post $2.11 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.