Credit Suisse analyst Cameron Mcknight maintained a Buy rating on Marriot Vacations (VAC) yesterday and set a price target of $120. The company’s shares closed yesterday at $87.90.
According to TipRanks.com, Mcknight is a 4-star analyst with an average return of 7.4% and a 53.4% success rate. Mcknight covers the Services sector, focusing on stocks such as Wyndham Destinations Inc, Las Vegas Sands, and Wynn Resorts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marriot Vacations with a $121.70 average price target.
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Based on Marriot Vacations’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $750 million and GAAP net loss of $58 million. In comparison, last year the company had a net profit of $108 million.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VAC in relation to earlier this year.
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Marriott Vacations Worldwide Corp. engages in developing, marketing, selling, and managing of vacation ownership and related products under the Ritz-Carlton Destination Club and Marriott brands. It operates through the following segments: North America, Europe, and Asia Pacific.
