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.
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.
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