Diamond Resorts International Receives Outperform Rating from Credit Suisse (DRII)
Diamond Resorts International (NASDAQ:DRII)‘s stock had its “outperform” rating reaffirmed by research analysts at Credit Suisse in a report released on Thursday. They currently have a $27.00 price target on the stock, up from their previous price target of $24.00. Credit Suisse’s target price would suggest a potential upside of 8.17% from the stock’s previous close.
Shares of Diamond Resorts International (NASDAQ:DRII) traded up 6.99% during mid-day trading on Thursday, hitting $24.96. The stock had a trading volume of 1,559,403 shares. Diamond Resorts International has a 52 week low of $14.46 and a 52 week high of $25.75. The stock has a 50-day moving average of $22.70 and a 200-day moving average of $19.52. The company has a market cap of $1.884 billion and a P/E ratio of 180.85.
Diamond Resorts International (NASDAQ:DRII) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.16. The company had revenue of $209.00 million for the quarter, compared to the consensus estimate of $204.60 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, analysts predict that Diamond Resorts International will post $0.62 earnings per share for the current fiscal year.
DRII has been the subject of a number of other recent research reports. Analysts at JMP Securities raised their price target on shares of Diamond Resorts International from $26.00 to $28.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Diamond Resorts International from $23.00 to $27.00 in a research note on Thursday. They now have an “overweight” rating on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $24.76.
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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