Diamond Resorts International Reaches New 12-Month High at $21.13 (DRII)
Diamond Resorts International (NASDAQ:DRII)’s share price hit a new 52-week high during mid-day trading on Friday , American Banking News reports. The stock traded as high as $21.13 and last traded at $20.58, with a volume of 56,781 shares trading hands. The stock had previously closed at $20.85.
Several analysts have recently commented on the stock. Analysts at JMP Securities raised their price target on shares of Diamond Resorts International from $24.00 to $26.00 in a research note on Friday, May 2nd. They now have a “market outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Diamond Resorts International from $22.00 to $23.00 in a research note on Friday, May 2nd. They now have an “overweight” rating on the stock. Finally, analysts at Zacks upgraded shares of Diamond Resorts International from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $18.80 price target on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $22.56.
The stock’s 50-day moving average is $19.55 and its 200-day moving average is $18.28. The company has a market cap of $1.563 billion and a P/E ratio of 161.63.
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.