Marriott Vacations Worldwide (NYSE:VAC) Stock Price Expected to Rise, Truist Financial Analyst Says

Marriott Vacations Worldwide (NYSE:VAC) had its price objective boosted by research analysts at Truist Financial from $139.00 to $142.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 46.63% from the stock’s current price.

A number of other research analysts also recently weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of Marriott Vacations Worldwide in a report on Wednesday, September 18th. They set a “sell” rating and a $62.00 price target on the stock. Barclays raised their price target on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. Mizuho raised their price target on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Finally, Stifel Nicolaus lifted their target price on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and an average target price of $101.56.

Marriott Vacations Worldwide Stock Up 0.4 %

Marriott Vacations Worldwide stock opened at $96.84 on Tuesday. The company has a market capitalization of $3.38 billion, a P/E ratio of 18.57, a P/E/G ratio of 0.89 and a beta of 1.79. The firm’s fifty day simple moving average is $81.12 and its 200-day simple moving average is $82.01. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide has a 1-year low of $67.28 and a 1-year high of $108.57.

Insider Buying and Selling

In other news, insider Jason P. Marino bought 700 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of $69.00 per share, with a total value of $48,300.00. Following the completion of the transaction, the insider now directly owns 15,851 shares in the company, valued at $1,093,719. This trade represents a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of VAC. CANADA LIFE ASSURANCE Co raised its stake in Marriott Vacations Worldwide by 20.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 24,501 shares of the company’s stock worth $2,645,000 after acquiring an additional 4,198 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Marriott Vacations Worldwide in the first quarter valued at $244,000. Comerica Bank increased its stake in shares of Marriott Vacations Worldwide by 50.1% in the first quarter. Comerica Bank now owns 43,401 shares of the company’s stock valued at $4,676,000 after buying an additional 14,482 shares in the last quarter. EMC Capital Management acquired a new stake in shares of Marriott Vacations Worldwide in the first quarter valued at $144,000. Finally, Verity Asset Management Inc. increased its stake in shares of Marriott Vacations Worldwide by 110.0% in the first quarter. Verity Asset Management Inc. now owns 6,378 shares of the company’s stock valued at $687,000 after buying an additional 3,341 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

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.