Marriott Vacations Worldwide (NYSE:VAC) Given New $85.00 Price Target at The Goldman Sachs Group

Marriott Vacations Worldwide (NYSE:VAC) had its price target raised by analysts at The Goldman Sachs Group from $70.00 to $85.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s price target suggests a potential downside of 11.46% from the stock’s current price.

A number of other analysts also recently weighed in on VAC. Barclays increased 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 research report on Friday, November 8th. Truist Financial boosted their price target on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Stifel Nicolaus raised their price objective on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Mizuho raised their price target on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $104.11.

Marriott Vacations Worldwide Price Performance

VAC opened at $96.00 on Tuesday. 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. The company has a fifty day moving average price of $86.03 and a two-hundred day moving average price of $82.12. The firm has a market capitalization of $3.35 billion, a PE ratio of 18.29, a P/E/G ratio of 0.88 and a beta of 1.84.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Large investors have recently bought and sold shares of the company. True Wealth Design LLC bought a new stake in shares of Marriott Vacations Worldwide in the third quarter worth $32,000. Quarry LP increased its stake in Marriott Vacations Worldwide by 368.4% in the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after buying an additional 350 shares during 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 boosted its stake in shares of Marriott Vacations Worldwide by 128.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock worth $57,000 after buying an additional 366 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Marriott Vacations Worldwide by 6,881.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company’s stock valued at $82,000 after acquiring an additional 1,101 shares in the last quarter. Institutional investors and hedge funds 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.