Market Overview

UPDATE: Goldman Sachs Upgrades Marriott Vacations Worldwide; Raises PT

Share:
Related VAC
Telsey Analysts Mixed But Opportunistic On Lodging Stocks
Earnings Scheduled For October 15, 2015
KEELEY Small Cap Dividend Value Fund 4th Quarter Commentary (GuruFocus)

According to a research report published this morning, Goldman Sachs has upgraded Marriott Vacations Worldwide (NYSE: VAC) from Neutral to Buy, and raised PT from $29.50 to $38.

In the report, Goldman Sachs said, "We have become more confident in VAC's story and view it as a solid cash flow producer with an inexpensive valuation. Assuming no capital allocation or acquisitions we believe the company could accumulate $700mn of cash by 2016 or even more including land sales. We think the shares are primed for outperformance as it is currently trading at 5.9X 2013 EV/EBITDA, (excluding value for land/excess inventory), has a free cash flow yield of 12%, and a fundamental story of EBITDA and margin growth."

Marriott Vacations Worldwide is currently trading at $30.90.

Latest Ratings for vac

DateFirmActionFromTo
Feb 2016Credit SuisseInitiates Coverage onOutperform
Jan 2016Telsey Advisory GroupInitiates Coverage onMarket Perform
Oct 2015SunTrust Robinson HumphreyMaintainsNeutral

View More Analyst Ratings for vac
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Upgrades Price Target Analyst Ratings

 

Related Articles (vac)

Get Benzinga's Newsletters