Hilton Grand Vacations Inc (NYSE:HGV) has been given an average recommendation of “Buy” by the nine ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $47.40.
A number of research firms have issued reports on HGV. Wolfe Research began coverage on shares of Hilton Grand Vacations in a report on Friday, June 8th. They set an “outperform” rating for the company. Zacks Investment Research upgraded shares of Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating and set a $51.00 price target for the company in a report on Tuesday, March 6th. ValuEngine cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a report on Friday, May 4th. JPMorgan Chase & Co. set a $49.00 price target on shares of Hilton Grand Vacations and gave the company a “buy” rating in a report on Friday, May 11th. Finally, Credit Suisse Group initiated coverage on shares of Hilton Grand Vacations in a research note on Friday, May 18th. They issued an “outperform” rating and a $48.00 target price for the company.
In related news, Director Paul W. Whetsell bought 5,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Wednesday, May 16th. The stock was acquired at an average price of $39.06 per share, for a total transaction of $195,300.00. Following the completion of the purchase, the director now owns 10,635 shares in the company, valued at $415,403.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leonard Potter bought 25,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, May 10th. The stock was bought at an average price of $40.38 per share, with a total value of $1,009,500.00. Following the purchase, the director now owns 30,000 shares of the company’s stock, valued at approximately $1,211,400. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by company insiders.
HGV stock traded down $0.48 during mid-day trading on Monday, reaching $34.22. 1,388,800 shares of the stock traded hands, compared to its average volume of 1,144,342. The company has a debt-to-equity ratio of 2.56, a current ratio of 4.92 and a quick ratio of 3.47. Hilton Grand Vacations has a 52 week low of $32.20 and a 52 week high of $47.75. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 17.37 and a beta of 0.93.
Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, May 3rd. The company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.10). Hilton Grand Vacations had a net margin of 18.28% and a return on equity of 45.63%. The firm had revenue of $439.00 million for the quarter, compared to the consensus estimate of $435.86 million. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. equities analysts expect that Hilton Grand Vacations will post 3.04 EPS for the current fiscal year.
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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