Hilton Grand Vacations Inc. (NYSE:HGV) Receives $58.71 Consensus Price Target from Brokerages

Hilton Grand Vacations Inc. (NYSE:HGV) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $50.43.

Several research analysts recently commented on the company. Truist Financial increased their price objective on Hilton Grand Vacations from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Barclays reduced their price objective on Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. StockNews.com downgraded Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday. JPMorgan Chase & Co. downgraded Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $55.00 to $36.00 in a research note on Friday, August 9th. Finally, Jefferies Financial Group downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their target price for the stock from $55.00 to $35.00 in a research note on Friday, August 9th.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of hedge funds have recently modified their holdings of HGV. nVerses Capital LLC purchased a new position in shares of Hilton Grand Vacations during the 2nd quarter worth $32,000. YHB Investment Advisors Inc. purchased a new position in Hilton Grand Vacations during the 1st quarter valued at about $47,000. Canada Pension Plan Investment Board purchased a new position in Hilton Grand Vacations during the 2nd quarter valued at about $93,000. Ashton Thomas Private Wealth LLC purchased a new position in Hilton Grand Vacations during the 2nd quarter valued at about $120,000. Finally, Quest Partners LLC purchased a new position in Hilton Grand Vacations during the 4th quarter valued at about $142,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Trading Up 0.1 %

Hilton Grand Vacations stock opened at $35.26 on Thursday. The company has a current ratio of 4.44, a quick ratio of 3.11 and a debt-to-equity ratio of 3.09. Hilton Grand Vacations has a 12 month low of $33.13 and a 12 month high of $49.02. The stock’s 50 day simple moving average is $40.25 and its two-hundred day simple moving average is $42.64. The firm has a market cap of $3.66 billion, a PE ratio of 16.63, a P/E/G ratio of 1.76 and a beta of 1.83.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). Hilton Grand Vacations had a net margin of 5.62% and a return on equity of 19.41%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the business earned $0.85 EPS. The company’s quarterly revenue was up 22.6% on a year-over-year basis. Analysts anticipate that Hilton Grand Vacations will post 3.95 earnings per share for the current year.

About Hilton Grand Vacations

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.