ILG Inc. (ILG) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of ILG Inc. (NASDAQ:ILG) from a hold rating to a buy rating in a research report released on Wednesday morning.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded ILG from a hold rating to a buy rating and set a $31.00 price objective on the stock in a research report on Wednesday, July 5th. Instinet initiated coverage on ILG in a research report on Friday, October 6th. They set a buy rating and a $35.00 price objective on the stock. Finally, Nomura initiated coverage on ILG in a research report on Friday, October 6th. They set a buy rating and a $35.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $29.29.

Shares of ILG (NASDAQ ILG) traded up 0.051% during mid-day trading on Wednesday, hitting $29.365. The stock had a trading volume of 323,122 shares. The firm has a 50 day moving average of $26.72 and a 200-day moving average of $25.86. The stock has a market cap of $3.67 billion, a P/E ratio of 28.263 and a beta of 1.48. ILG has a one year low of $15.94 and a one year high of $29.85.

ILG (NASDAQ:ILG) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. ILG had a return on equity of 11.41% and a net margin of 7.32%. The firm had revenue of $450.00 million for the quarter, compared to analyst estimates of $432.86 million. The firm’s quarterly revenue was up 51.5% compared to the same quarter last year. Equities research analysts expect that ILG will post $1.16 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “ILG Inc. (ILG) Upgraded to “Buy” by BidaskClub” was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at https://www.com-unik.info/2017/10/12/ilg-inc-ilg-upgraded-to-buy-by-bidaskclub.html.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Tuesday, September 5th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.04%. ILG’s payout ratio is 57.69%.

A number of institutional investors have recently made changes to their positions in ILG. Advisor Group Inc. raised its position in ILG by 28.0% in the second quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 1,119 shares during the period. Sei Investments Co. raised its position in ILG by 33.2% in the first quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 1,701 shares during the period. Creative Planning raised its position in ILG by 6.3% in the second quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock valued at $146,000 after purchasing an additional 316 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in ILG by 11.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 550 shares during the period. Finally, Ameritas Investment Partners Inc. purchased a new stake in ILG in the first quarter valued at $205,000. Hedge funds and other institutional investors own 81.28% of the company’s stock.

ILG Company Profile

ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.

Analyst Recommendations for ILG (NASDAQ:ILG)

What are top analysts saying about ILG Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for ILG Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit