ILG (ILG) Upgraded to “Buy” at BidaskClub

BidaskClub upgraded shares of ILG (NASDAQ:ILG) from a hold rating to a buy rating in a report published on Friday morning.

Other research analysts have also recently issued research reports about the company. SunTrust Banks restated a buy rating and issued a $30.00 price target on shares of ILG in a research note on Friday, November 10th. Zacks Investment Research upgraded ILG from a hold rating to a buy rating and set a $32.00 price target for the company in a research note on Wednesday, January 3rd. ValuEngine upgraded ILG from a hold rating to a buy rating in a research note on Sunday, December 31st. Nomura boosted their price target on ILG from $35.00 to $38.00 and gave the stock a buy rating in a research note on Wednesday, November 8th. Finally, Instinet initiated coverage on ILG in a research note on Friday, October 6th. They issued a buy rating and a $35.00 price target for the company. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $30.88.

ILG (NASDAQ ILG) traded up $0.41 during mid-day trading on Friday, hitting $29.10. The stock had a trading volume of 597,600 shares, compared to its average volume of 899,740. ILG has a 52-week low of $17.56 and a 52-week high of $30.70. The company has a quick ratio of 1.07, a current ratio of 1.75 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $3,580.00, a PE ratio of 28.81 and a beta of 1.49.

ILG (NASDAQ:ILG) last posted its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). ILG had a return on equity of 10.46% and a net margin of 7.04%. The business had revenue of $446.00 million during the quarter, compared to analysts’ expectations of $429.56 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. analysts expect that ILG will post 1.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 19th. Investors of record on Tuesday, December 5th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Monday, December 4th. ILG’s dividend payout ratio (DPR) is presently 59.41%.

A number of institutional investors have recently bought and sold shares of the stock. Neuberger Berman Group LLC increased its position in ILG by 35.2% in the third quarter. Neuberger Berman Group LLC now owns 292,092 shares of the business services provider’s stock worth $7,808,000 after buying an additional 75,981 shares in the last quarter. California Public Employees Retirement System increased its position in ILG by 4.7% in the third quarter. California Public Employees Retirement System now owns 220,467 shares of the business services provider’s stock worth $5,893,000 after buying an additional 9,872 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in ILG by 1,145.9% in the third quarter. Cubist Systematic Strategies LLC now owns 17,056 shares of the business services provider’s stock worth $456,000 after buying an additional 15,687 shares in the last quarter. Alyeska Investment Group L.P. increased its position in ILG by 58.8% in the third quarter. Alyeska Investment Group L.P. now owns 1,602,542 shares of the business services provider’s stock worth $42,836,000 after buying an additional 593,564 shares in the last quarter. Finally, Cowen Inc. increased its position in ILG by 673.7% in the third quarter. Cowen Inc. now owns 218,000 shares of the business services provider’s stock worth $5,827,000 after buying an additional 256,000 shares in the last quarter. Institutional investors own 80.27% of the company’s stock.

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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)

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