A Reversal for Bluegreen Vacations Corporation (BXG) Is Not Near. The Stock Reaches Record High Today

April 17, 2018 - By Hannah Black

The stock of Bluegreen Vacations Corporation (NYSE:BXG) reached all time high today, Apr, 17 and still has $24.86 target or 8.00 % above today’s $23.02 share price. This indicates more upside for the $1.72B company. This technical setup was reported by Barchart.com. If the $24.86 PT is reached, the company will be worth $137.60M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.08% or $0.47 during the last trading session, reaching $23.02. About 38,499 shares traded. Bluegreen Vacations Corporation (NYSE:BXG) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Bluegreen Vacations Corporation (NYSE:BXG) to report earnings on June, 5. BXG’s profit will be $22.42 million for 19.18 P/E if the $0.30 EPS becomes a reality. After $0.25 actual EPS reported by Bluegreen Vacations Corporation for the previous quarter, Wall Street now forecasts 20.00 % EPS growth.

Bluegreen Corporation operates as a sales, marketing, and management firm focusing on the vacation ownership industry in the United States. The company has market cap of $1.72 billion. The firm markets, sells, and manages vacation ownership interests in resorts that are developed or acquired by the company, or developed and owned by others. It has a 13.1 P/E ratio. The Company’s VOIs enable buyers to use resort accommodations through an annual or biennial allotment of points, which represent their ownership and beneficial use rights in perpetuity in the Bluegreen Vacation Club.

Bluegreen Vacations Corporation (NYSE:BXG) Ratings Chart

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