Bluegreen Vacations’ (NYSE:BXG) quiet period will end on Wednesday, December 27th. Bluegreen Vacations had issued 6,498,648 shares in its public offering on November 17th. The total size of the offering was $90,981,072 based on an initial share price of $14.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Several research firms have weighed in on BXG. SunTrust Banks began coverage on Bluegreen Vacations in a research note on Tuesday, December 12th. They set a “buy” rating and a $19.00 price target on the stock. Stifel Nicolaus began coverage on Bluegreen Vacations in a research note on Tuesday, December 12th. They issued a “buy” rating and a $18.00 target price on the stock. Finally, Bank of America began coverage on Bluegreen Vacations in a research note on Tuesday, December 12th. They issued a “buy” rating and a $20.00 target price on the stock.
Shares of Bluegreen Vacations (NYSE BXG) opened at $16.28 on Friday. Bluegreen Vacations has a one year low of $12.50 and a one year high of $17.13. The company has a debt-to-equity ratio of 1.86, a quick ratio of 6.14 and a current ratio of 8.55.
Bluegreen Vacations Company Profile
Bluegreen Corporation operates as a sales, marketing, and management company focusing on the vacation ownership industry in the United States. The company markets, sells, and manages vacation ownership interests (VOIs) in resorts that are developed or acquired by the company, or developed and owned by others.
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