Hilton Grand Vacations (NYSE:HGV) has been assigned a $49.00 price objective by equities research analysts at JPMorgan Chase in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. JPMorgan Chase’s price target suggests a potential upside of 21.53% from the company’s current price.
Several other brokerages also recently commented on HGV. Zacks Investment Research raised Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating and set a $51.00 price target on the stock in a research report on Tuesday, March 6th. ValuEngine raised Hilton Grand Vacations from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, SunTrust Banks set a $50.00 price target on Hilton Grand Vacations and gave the stock a “buy” rating in a research report on Thursday, March 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Hilton Grand Vacations presently has an average rating of “Buy” and a consensus target price of $47.00.
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Shares of NYSE HGV opened at $40.32 on Friday. The company has a current ratio of 4.92, a quick ratio of 3.47 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 20.47 and a beta of 0.96. Hilton Grand Vacations has a 12 month low of $32.20 and a 12 month high of $47.75.
Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, May 3rd. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.10). The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $435.86 million. Hilton Grand Vacations had a return on equity of 45.63% and a net margin of 18.28%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. research analysts forecast that Hilton Grand Vacations will post 3.04 earnings per share for the current fiscal year.
In other news, major shareholder Tourism Group Co. Ltd. Hna sold 24,750,000 shares of Hilton Grand Vacations stock in a transaction that occurred 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 is available at this hyperlink. 0.72% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in HGV. American International Group Inc. grew its holdings in shares of Hilton Grand Vacations by 204.0% during the 4th quarter. American International Group Inc. now owns 2,432 shares of the company’s stock worth $102,000 after purchasing an additional 1,632 shares in the last quarter. Elkfork Partners LLC acquired a new stake in shares of Hilton Grand Vacations during the 4th quarter worth approximately $105,000. Flinton Capital Management LLC acquired a new stake in shares of Hilton Grand Vacations during the 4th quarter worth approximately $127,000. Raymond James & Associates acquired a new stake in shares of Hilton Grand Vacations during the 4th quarter worth approximately $208,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Hilton Grand Vacations during the 4th quarter worth approximately $226,000. 99.04% of the stock is currently owned by institutional investors.
Hilton Grand Vacations Company Profile
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.