Marriott Vacations Worldwide Corporation : Severely oversold
Entry price | Target | Stop-loss | Potential |
---|
US$59.41 |
US$0 |
US$56.8 |
-100% |
---|
Marriott Vacations Worldwide shows relatively strong fundamentals and is coming back to attractive prices.
From a fundamental viewpoint, Marriott Vacations Worldwide seems undervalued in terms of enterprise value. Based on the current price, its market capitalization, plus its net debt, represents 1.05 times its revenues.
This valuation is only 16.7 and 15.1 times the two next years earnings.
Technically, the security fell sharply for several weeks. This fall has lead Marriott Vacations Worldwide Corp towards the USD 57.6 support area, which could become useful as a stepping stone for a technical rebound. The target of this bullish trend is the USD 65.45 resistance. Even though moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest in Marriott Vacations Worldwide Corp.
In consequence, investors could buy the stock at current prices in order to aim USD 65.45. The stop-loss will be placed below the daily support of USD (57.6).
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