Diamond Resorts International Given New $22.00 Price Target at Credit Suisse (DRII)
Research analysts at Credit Suisse increased their target price on shares of Diamond Resorts International (NASDAQ:DRII) from $21.00 to $22.00 in a report released on Monday, AnalystRatingsNetwork reports. Credit Suisse’s target price suggests a potential upside of 22.29% from the company’s current price.
A number of other analysts have also recently weighed in on DRII. Analysts at JPMorgan Chase & Co. raised their price target on shares of Diamond Resorts International from $20.00 to $22.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, 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. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Diamond Resorts International currently has a consensus rating of “Buy” and a consensus price target of $21.00.
Shares of Diamond Resorts International (NASDAQ:DRII) traded down 3.23% on Monday, hitting $17.99. 173,782 shares of the company’s stock traded hands. Diamond Resorts International has a 52 week low of $14.18 and a 52 week high of $19.42. 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 $1.357 billion.
Diamond Resorts International (NASDAQ:DRII) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.26) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.13 by $0.39. On average, analysts predict that Diamond Resorts International will post $0.39 earnings per share 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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