Marriott Vacations Worldwide Corp Receives Consensus Rating of “Hold” from Brokerages (NYSE:VAC)

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Shares of Marriott Vacations Worldwide Corp (NYSE:VAC) have earned an average recommendation of "Hold" from the seven ratings firms that are currently covering the firm, AnalystRatingsNetwork.com reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $85.00.

In other news, major shareholder J W. Marriott, Jr. sold 25,000 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $75.88, for a total value of $1,897,000.00. Following the sale, the insider now directly owns 158,443 shares in the company, valued at approximately $12,022,654.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Marriott Vacations Worldwide Corp (NYSE:VAC) traded down 1.14% during trading on Monday, reaching $71.93. The company had a trading volume of 62,019 shares. The firm's 50 day moving average price is $81.97 and its 200 day moving average price is $83.04. The firm has a market capitalization of $2.26 billion and a PE ratio of 25.41. Marriott Vacations Worldwide Corp has a 12-month low of $57.48 and a 12-month high of $93.40.

Marriott Vacations Worldwide Corp (NYSE:VAC) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.91 EPS for the quarter, topping the Thomson Reuters consensus estimate of $0.87 by $0.04. The company earned $422.82 million during the quarter, compared to analysts' expectations of $426.53 million. The business's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $0.87 earnings per share. Equities research analysts forecast that Marriott Vacations Worldwide Corp will post $3.47 EPS for the current year.

Several equities analysts have recently issued reports on the stock. MKM Partners downgraded shares of Marriott Vacations Worldwide Corp from a "buy" rating to a "neutral" rating and set a $97.00 price target for the company. in a research report on Monday, July 13th. JMP Securities downgraded shares of Marriott Vacations Worldwide Corp from an "outperform" rating to a "market perform" rating and set a $90.00 target price for the company. in a research report on Friday, May 29th. They noted that the move was a valuation call. SunTrust boosted their price objective on shares of Marriott Vacations Worldwide Corp from $82.00 to $85.00 and gave the company a "neutral" rating in a research report on Monday, July 27th. Zacks cut shares of Marriott Vacations Worldwide Corp from a "buy" rating to a "hold" rating in a research note on Tuesday, July 7th. Finally, Stifel Nicolaus boosted their price target on shares of Marriott Vacations Worldwide Corp from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, May 18th.

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. The Company is also the global developer, marketer and seller of vacations ownership and related products under the Ritz-Carlton Destination Club brand, and the Company has the non-exclusive right to develop, market and sell whole ownership residential products under the Ritz-Carlton Residences brands. Its operations are grouped into three business segments: North America, Europe and Asia Pacific. The Company offers its products through two points-based ownership programs: Marriott Vacation Club Destinations and Marriott Vacation Club, Asia Pacific. It offers its products under four brands: Marriott Vacation Club, Grand Residences, Ritz-Carlton Destination Club and Ritz-Carlton Residences.< /p>

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Source: Marriott Vacations Worldwide Corp Receives Consensus Rating of "Hold" from Brokerages (NYSE:VAC)

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