Morgan Stanley Initiates Coverage on Marriott Vacations Worldwide (NYSE:VAC)

Morgan Stanley started coverage on shares of Marriott Vacations Worldwide (NYSE:VAC) in a research report issued on Monday, Marketbeat.com reports. The firm set an “underweight” rating and a $87.00 price target on the stock. Morgan Stanley’s price target indicates a potential upside of 1.14% from the company’s current price.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group lifted their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Barclays raised shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $97.00 to $116.00 in a report on Friday, December 13th. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Mizuho boosted their price objective on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Truist Financial lifted their target price on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and a consensus target price of $105.67.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $86.02 on Monday. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 0.86 and a beta of 1.84. Marriott Vacations Worldwide has a one year low of $67.28 and a one year high of $108.57. The company’s 50-day simple moving average is $91.39 and its 200-day simple moving average is $82.33. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53.

Institutional Trading of Marriott Vacations Worldwide

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Marriott Vacations Worldwide by 128.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock valued at $57,000 after purchasing an additional 366 shares during the period. Commonwealth Equity Services LLC increased its stake in Marriott Vacations Worldwide by 5.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock valued at $371,000 after buying an additional 216 shares during the period. Natixis Advisors LLC bought a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter worth about $993,000. Connable Office Inc. lifted its stake in shares of Marriott Vacations Worldwide by 33.2% in the 2nd quarter. Connable Office Inc. now owns 3,457 shares of the company’s stock worth $302,000 after acquiring an additional 862 shares during the period. Finally, Van Berkom & Associates Inc. raised its holdings in Marriott Vacations Worldwide by 19.1% during the second quarter. Van Berkom & Associates Inc. now owns 722,164 shares of the company’s stock worth $63,059,000 after purchasing an additional 115,993 shares in the last quarter. 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.