Brokerages Set Hilton Grand Vacations (HGV) Target Price at $45.17

Hilton Grand Vacations (NYSE:HGV) has been assigned an average rating of “Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $46.60.

A number of research firms have issued reports on HGV. Zacks Investment Research upgraded Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating and set a $51.00 target price on the stock in a research note on Tuesday, March 6th. SunTrust Banks set a $50.00 target price on Hilton Grand Vacations and gave the company a “buy” rating in a research note on Thursday, March 1st. ValuEngine upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Macquarie began coverage on Hilton Grand Vacations in a research note on Friday, January 5th. They issued a “neutral” rating on the stock.

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HGV stock opened at $44.07 on Wednesday. The company has a current ratio of 4.49, a quick ratio of 3.34 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $4,357.16, a price-to-earnings ratio of 22.37 and a beta of 0.94. Hilton Grand Vacations has a 1 year low of $30.93 and a 1 year high of $47.75.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Wednesday, February 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $450.57 million. Hilton Grand Vacations had a return on equity of 57.35% and a net margin of 19.11%. analysts predict that Hilton Grand Vacations will post 2.83 EPS for the current year.

In other news, major shareholder Tourism Group Co. Ltd. Hna sold 24,750,000 shares of the firm’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $46.10, for a total transaction of $1,140,975,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.72% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. American International Group Inc. increased its holdings in shares of Hilton Grand Vacations by 204.0% during the fourth quarter. American International Group Inc. now owns 2,432 shares of the company’s stock valued at $102,000 after purchasing an additional 1,632 shares during the period. Elkfork Partners LLC acquired a new position in shares of Hilton Grand Vacations during the fourth quarter valued at $105,000. The Manufacturers Life Insurance Company increased its holdings in shares of Hilton Grand Vacations by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock valued at $107,000 after purchasing an additional 202 shares during the period. SG Americas Securities LLC acquired a new position in shares of Hilton Grand Vacations during the third quarter valued at $125,000. Finally, Flinton Capital Management LLC acquired a new position in shares of Hilton Grand Vacations during the fourth quarter valued at $127,000. 97.59% of the stock is currently owned by institutional investors.

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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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