Mizuho Forecasts Strong Price Appreciation for Marriott Vacations Worldwide (NYSE:VAC) Stock

Marriott Vacations Worldwide (NYSE:VAC) had its price objective lifted by stock analysts at Mizuho from $117.00 to $120.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price objective suggests a potential upside of 40.55% from the company’s current price.

A number of other equities research analysts have also weighed in on VAC. Stifel Nicolaus boosted their target price on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Truist Financial upped their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group upped their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a research note on Monday, January 6th. They issued an “underweight” rating and a $87.00 price objective for the company. Finally, Barclays upgraded Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $97.00 to $116.00 in a research note on Friday, December 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $105.88.

Marriott Vacations Worldwide Price Performance

Shares of VAC opened at $85.38 on Tuesday. The firm has a market cap of $2.98 billion, a PE ratio of 16.26, a P/E/G ratio of 0.67 and a beta of 1.83. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The firm has a fifty day simple moving average of $86.87 and a two-hundred day simple moving average of $83.05. Marriott Vacations Worldwide has a 1-year low of $67.28 and a 1-year high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.35. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.24 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. On average, equities analysts anticipate that Marriott Vacations Worldwide will post 6.23 EPS for the current year.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Institutional investors have recently bought and sold shares of the business. True Wealth Design LLC purchased a new stake in Marriott Vacations Worldwide in the 3rd quarter worth $32,000. Capital Performance Advisors LLP bought a new position in shares of Marriott Vacations Worldwide during the 3rd quarter valued at about $39,000. Blue Trust Inc. boosted its holdings in shares of Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after purchasing an additional 302 shares during the last quarter. Brown Lisle Cummings Inc. bought a new position in shares of Marriott Vacations Worldwide during the 4th quarter valued at about $50,000. Finally, Quarry LP boosted its holdings in shares of Marriott Vacations Worldwide by 81.6% during the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock valued at $59,000 after purchasing an additional 363 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.