Zacks Investment Research lowered shares of ILG Inc. (NASDAQ:ILG) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.
According to Zacks, “ILG, Inc. offers owners, members and guests benefits and services, as well as destinations through its portfolio of resorts and clubs. The company’s operating businesses include Aqua-Aston Hospitality, Hyatt Vacation Ownership, Interval International, Trading Places International, Vacation Resorts International, VRI Europe and Vistana Signature Experiences. ILG, Inc., formerly known as Interval Leisure Group Inc., is headquartered in Miami, Florida. “
A number of other equities research analysts have also recently weighed in on the stock. Instinet assumed coverage on shares of ILG in a research report on Friday, October 6th. They set a buy rating and a $35.00 price target for the company. Nomura assumed coverage on shares of ILG in a research report on Friday, October 6th. They set a buy rating and a $35.00 price target for the company. Finally, BidaskClub upgraded shares of ILG from a sell rating to a hold rating in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. ILG has an average rating of Buy and a consensus target price of $29.29.
ILG (ILG) opened at 29.12 on Tuesday. The company has a market capitalization of $3.64 billion, a P/E ratio of 28.03 and a beta of 1.48. The firm has a 50-day moving average of $26.65 and a 200-day moving average of $25.83. ILG has a 52 week low of $15.94 and a 52 week high of $29.85.
ILG (NASDAQ:ILG) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. ILG had a net margin of 7.32% and a return on equity of 11.41%. The business had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $432.86 million. ILG’s quarterly revenue was up 51.5% on a year-over-year basis. Analysts anticipate that ILG will post $1.16 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Tuesday, September 5th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, August 31st. ILG’s dividend payout ratio (DPR) is currently 57.69%.
Several hedge funds have recently made changes to their positions in ILG. Strs Ohio grew its holdings in shares of ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock valued at $113,000 after purchasing an additional 2,100 shares in the last quarter. Advisor Group Inc. grew its holdings in ILG by 28.0% during the 2nd quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock worth $137,000 after acquiring an additional 1,119 shares in the last quarter. Sei Investments Co. grew its holdings in ILG by 33.2% during the 1st quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock worth $143,000 after acquiring an additional 1,701 shares in the last quarter. Creative Planning grew its holdings in ILG by 6.3% during the 2nd quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock worth $146,000 after acquiring an additional 316 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ILG by 11.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock worth $147,000 after acquiring an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 81.28% of the company’s stock.
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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