JPMorgan Chase & Co. Increases Diamond Resorts International Price Target to $22.00 (DRII)
JPMorgan Chase & Co. raised their target price on shares of Diamond Resorts International (NASDAQ:DRII) from $20.00 to $22.00 in a research note issued on Friday, ARN reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 18.34% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Merrill Lynch initiated coverage on shares of Diamond Resorts International in a research note to investors on Tuesday, August 13th. They set a “neutral” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Diamond Resorts International in a research note to investors on Tuesday, August 13th. They set an “outperform” rating and a $21.00 price target on the stock. Finally, analysts at Bank of America Corp. initiated coverage on shares of Diamond Resorts International in a research note to investors on Tuesday, August 13th. They set a “neutral” rating and a $17.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $20.75.
Shares of Diamond Resorts International (NASDAQ:DRII) opened at 18.59 on Friday. Diamond Resorts International has a 52-week low of $14.18 and a 52-week high of $17.86. The stock has a 50-day moving average of $18.28 and a 200-day moving average of $17.12. The company’s market cap is $1.403 billion.
Diamond Resorts International (NASDAQ:DRII) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.39. Analysts expect that Diamond Resorts International will post $0.62 EPS for the current fiscal year.
Diamond Resorts International, Inc is engaged in the hospitality and vacation ownership industry, with an ownership base of more than 490,000 owner-families, or members, and a network of 296 vacation destinations located in 32 countries throughout the continental United States, Hawaii, Canada, Mexico, the Caribbean, Central America, South America, Europe, Asia, Australia and Africa.
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