Marriott Vacations Worldwide Corp. Downgraded to Neutral at SunTrust (VAC)
Marriott Vacations Worldwide Corp. (NYSE:VAC) was downgraded by stock analysts at SunTrust from a “buy” rating to a “neutral” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $54.00 price objective on the stock. SunTrust’s target price would suggest a potential upside of 9.96% from the stock’s previous close.
A number of other firms have also recently commented on VAC. Analysts at Deutsche Bank raised their price target on shares of Marriott Vacations Worldwide Corp. from $43.00 to $48.00 in a research note to investors on Friday, October 11th. They now have a “hold” rating on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of Marriott Vacations Worldwide Corp. from $50.00 to $55.00 in a research note to investors on Friday, October 11th. They now have a “not rated” rating on the stock. Finally, 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, October 7th. They now have a $50.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Marriott Vacations Worldwide Corp. currently has an average rating of “Buy” and a consensus price target of $53.00.
Marriott Vacations Worldwide Corp. (NYSE:VAC) traded down 1.71% during mid-day trading on Tuesday, hitting $48.27. The stock had a trading volume of 145,716 shares. Marriott Vacations Worldwide Corp. has a 1-year low of $37.29 and a 1-year high of $49.67. The stock’s 50-day moving average is $45.21 and its 200-day moving average is $44.62. The company has a market cap of $1.710 billion and a price-to-earnings ratio of 24.92.
Marriott Vacations Worldwide Corp. (NYSE:VAC) last announced its earnings results on Thursday, October 10th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ 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.
In other Marriott Vacations Worldwide Corp. news, Insider Laurie Sullivan sold 1,285 shares of the stock on the open market in a transaction dated Monday, October 14th. The shares were sold at an average price of $48.19, for a total value of $61,924.15. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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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