Hilton Grand Vacations Inc (HGV) Receives $42.80 Consensus Price Target from Analysts

Hilton Grand Vacations Inc (NYSE:HGV) has earned an average rating of “Buy” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $42.80.

A number of research firms have issued reports on HGV. Zacks Investment Research upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. JPMorgan Chase & Co. cut their target price on shares of Hilton Grand Vacations from $47.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. ValuEngine upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Tuesday, November 27th. Goldman Sachs Group cut their target price on shares of Hilton Grand Vacations to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, November 27th. Finally, Macquarie upgraded shares of Hilton Grand Vacations from a “neutral” rating to an “outperform” rating in a research report on Thursday, November 15th.

Shares of NYSE HGV opened at $32.06 on Thursday. The stock has a market cap of $3.11 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.13 and a beta of 1.37. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.35 and a current ratio of 4.69. Hilton Grand Vacations has a 12-month low of $26.20 and a 12-month high of $47.75.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The company had revenue of $427.00 million for the quarter, compared to analyst estimates of $429.21 million. Hilton Grand Vacations had a return on equity of 45.87% and a net margin of 20.01%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. On average, sell-side analysts forecast that Hilton Grand Vacations will post 3.01 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in HGV. BNP Paribas Arbitrage SA lifted its position in Hilton Grand Vacations by 586.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,867 shares of the company’s stock valued at $134,000 after purchasing an additional 3,304 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Hilton Grand Vacations by 48.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,310 shares of the company’s stock valued at $184,000 after purchasing an additional 1,727 shares during the period. Poehling Capital Management LLC lifted its position in Hilton Grand Vacations by 69.8% during the 3rd quarter. Poehling Capital Management LLC now owns 6,894 shares of the company’s stock valued at $228,000 after purchasing an additional 2,833 shares during the period. Piedmont Investment Advisors Inc. bought a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at about $232,000. Finally, First Hawaiian Bank bought a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at about $247,000. Institutional investors own 91.96% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages timeshare resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing; and Resort Operations and Club Management. It sells vacation ownership intervals; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.

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Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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