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

Marriott Vacations Worldwide (NYSE:VAC) had its price objective raised by equities research analysts at Truist Financial from $139.00 to $142.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target points to a potential upside of 44.16% from the company’s current price.

Several other equities analysts have also issued reports on VAC. Stifel Nicolaus boosted their price target on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft reduced their target price on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Mizuho boosted 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. Finally, The Goldman Sachs Group assumed coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $101.56.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC opened at $98.50 on Tuesday. The firm’s 50-day moving average is $80.67 and its 200-day moving average is $82.04. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 0.85 and a beta of 1.79. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. Marriott Vacations Worldwide has a 52-week low of $67.28 and a 52-week high of $108.57.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, insider Jason P. Marino bought 700 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $69.00 per share, with a total value of $48,300.00. Following the acquisition, the insider now directly owns 15,851 shares of the company’s stock, valued at $1,093,719. The trade was a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several institutional investors have recently bought and sold shares of the business. True Wealth Design LLC acquired a new stake in shares of Marriott Vacations Worldwide in the third quarter valued at $32,000. Quarry LP lifted its position in Marriott Vacations Worldwide by 368.4% during the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after buying an additional 350 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Marriott Vacations Worldwide during the 3rd quarter worth about $39,000. Allspring Global Investments Holdings LLC increased its position in Marriott Vacations Worldwide by 128.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock valued at $57,000 after acquiring an additional 366 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Marriott Vacations Worldwide in the second quarter worth about $90,000. 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.