Hilton Grand Vacations Inc (HGV) Receives Consensus Recommendation of “Buy” from Brokerages

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.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. lifted its stake in shares of Hilton Grand Vacations by 204.0% in the fourth quarter. American International Group Inc. now owns 2,432 shares of the company’s stock valued at $102,000 after buying an additional 1,632 shares during the period. Elkfork Partners LLC acquired a new position in Hilton Grand Vacations in the fourth quarter worth about $105,000. Flinton Capital Management LLC acquired a new position in Hilton Grand Vacations in the fourth quarter worth about $127,000. Raymond James & Associates acquired a new position in Hilton Grand Vacations in the fourth quarter worth about $208,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Hilton Grand Vacations in the fourth quarter worth about $227,000.

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.

Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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