Goldman Sachs Downgrades Diamond Resorts International Inc to Neutral

Brokerage firm Goldman Sachs Downgrades its rating on Diamond Resorts International Inc(NYSE:DRII). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Goldman Sachs was issued on Jun 30, 2016.

In a different note, MKM Partners said it Initiates Coverage on Diamond Resorts International Inc, according to a research note issued on Apr 15, 2016. The shares have been rated ‘Buy’ by the firm.

Diamond Resorts International Inc (DRII) remained unchanged at the close of Tuesday session. Even as the volume increased to 22,47,557 ,the shares failed to make any impression and ended at 0 points or 0.00% at $29.96. The trading session commenced at $29.94 and the stock hit a high of $29.96 and touched $29.89 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $32.49 and the 52-week low is $16.19. The company has a market cap of $2,089 M and has approximately 6,97,19,619 outstanding shares.

Diamond Resorts International Inc(DRII) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $233.80M. Analysts had an estimated revenue of $223.04M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.45.

Several Insider Transactions has been reported to the SEC. On May 15, 2015, Steven Frank Bell (EVP-Global HR) sold 100,000 shares at $32.40 per share price.

Diamond Resorts International Inc. (DRII) is engaged in the hospitality and vacation ownership industry. The Company operates in two segments: hospitality and management services and Vacation Interest Sales and Financing. The Company has a network of approximately 333 vacation destinations located in 34 countries throughout the continental United States Hawaii Canada Mexico the Caribbean Central America South America Europe Asia Australia New Zealand and Africa. Its resort network includes approximately 93 resort properties with approximately 11000 units that it manages and approximately 236 affiliated resorts and hotels and four cruise itineraries which it does not manage and do not carry its brand but are a part of its network and through the Clubs which are available for its members to use as vacation destinations. The Company offers Vacations for Life which is a way to acquire a lifetime of vacations at destinations across the world.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *