Marriott Vacations Worldwide Corp. Sets New 1-Year High at $58.94 (VAC)
Shares of Marriott Vacations Worldwide Corp. (NYSE:VAC) reached a new 52-week high during mid-day trading on Monday , Stock Ratings Network reports. The company traded as high as $58.94 and last traded at $58.84, with a volume of 91,527 shares trading hands. The stock had previously closed at $57.89.
Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Marriott Vacations Worldwide Corp. in a research note on Wednesday, April 30th. They now have a $51.00 price target on the stock, up previously from $50.00. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Marriott Vacations Worldwide Corp. has a consensus rating of “Buy” and a consensus price target of $57.14.
The stock’s 50-day moving average is $56.46 and its 200-day moving average is $53.6. The company has a market cap of $2.019 billion and a P/E ratio of 26.19.
Marriott Vacations Worldwide Corp. (NYSE:VAC) last announced its earnings results on Tuesday, April 29th. The company reported $0.56 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.56. The company had revenue of $402.00 million for the quarter, compared to the consensus estimate of $409.10 million. During the same quarter last year, the company posted $0.50 earnings per share. Marriott Vacations Worldwide Corp.’s revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Marriott Vacations Worldwide Corp. will post $2.61 earnings per share 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.
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