Hilton Grand Vacations Inc. (NYSE:HGV) Receives $44.00 Average Price Target from Analysts

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $44.00.

HGV has been the topic of a number of research reports. Jefferies Financial Group lowered shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and decreased their price target for the company from $55.00 to $35.00 in a research note on Friday, August 9th. The Goldman Sachs Group initiated coverage on shares of Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price target on the stock. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $55.00 to $36.00 in a research note on Friday, August 9th. Mizuho cut their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. Finally, StockNews.com downgraded shares of Hilton Grand Vacations from a “hold” rating to a “sell” rating in a report on Monday, August 12th.

Hilton Grand Vacations Trading Up 1.8 %

HGV stock opened at $42.17 on Friday. The company’s 50-day simple moving average is $38.20 and its 200-day simple moving average is $39.37. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations has a 52-week low of $33.21 and a 52-week high of $49.02. The firm has a market cap of $4.15 billion, a P/E ratio of 47.09, a PEG ratio of 2.21 and a beta of 1.82.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.03). The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company’s revenue was up 28.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. As a group, equities analysts forecast that Hilton Grand Vacations will post 3.49 EPS for the current fiscal year.

Institutional Trading of Hilton Grand Vacations

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Hilton Grand Vacations by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after buying an additional 77,934 shares during the last quarter. Khrom Capital Management LLC acquired a new stake in shares of Hilton Grand Vacations during the 2nd quarter worth approximately $3,872,000. Barnett & Company Inc. acquired a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth approximately $1,190,000. Hantz Financial Services Inc. acquired a new stake in shares of Hilton Grand Vacations during the 2nd quarter worth approximately $2,694,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Hilton Grand Vacations by 44.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 148,292 shares of the company’s stock worth $5,386,000 after buying an additional 45,978 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.