Bluegreen Vacations initiated with a Buy at SunTrust. SunTrust analyst C. Patrick Scholes initiated Bluegreen Vacations with a Buy rating and a price target of $19. Scholes says the company differentiates itself from competitors with majority of timeshare sales going to new owners rather than focusing on upgrading existing clients. The analyst is also positive on the company's valuation of about 6.6 times FY18 EBITDA vs over 10-times for peers, forecasting the overhang of slower tour volume and increasing consumer loan defaults to subside.
Bluegreen Vacations initiated with a Buy at Stifel. Stifel analyst Simon Yarmak started Bluegreen Vacations (BXG) with a Buy rating and $18 price target, stating that he likes the company's healthy growth outlook and "clean" balance sheet, but values the stock at a discount to the company's closest peer, Wyndham Worldwide (WYN), due to the small float and the control by majority owner BBX Capital (BBX).
Bluegreen Vacations initiated with a Buy at BofA/Merrill. BofA/Merrill analyst Barry Jonas initiated Bluegreen Vacations with a Buy and $20 price target saying shares trade at a discount to peers and expects the company to benefit from growing timeshare demand and expanded marketing agreements with Bass Pro and Choice Hotels.