Hilton Grand Vacations (NYSE:HGV) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Hilton Grand Vacations (NYSE:HGV) from a strong sell rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

A number of other research firms have also recently weighed in on HGV. Morgan Stanley reiterated an “equal weight” rating and set a $49.00 price objective on shares of Hilton Grand Vacations in a research report on Friday, January 16th. The Goldman Sachs Group reissued a “sell” rating and issued a $40.00 target price on shares of Hilton Grand Vacations in a research note on Thursday, February 26th. Wall Street Zen upgraded shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Jefferies Financial Group upped their price target on shares of Hilton Grand Vacations from $46.00 to $50.00 and gave the company a “hold” rating in a report on Monday, March 2nd. Finally, Mizuho reduced their price objective on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $52.33.

Hilton Grand Vacations Price Performance

NYSE:HGV opened at $40.50 on Wednesday. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 44.50, a PEG ratio of 0.56 and a beta of 1.49. The company has a debt-to-equity ratio of 5.04, a current ratio of 5.20 and a quick ratio of 3.17. The business has a 50 day simple moving average of $44.13 and a 200-day simple moving average of $43.65. Hilton Grand Vacations has a 1 year low of $30.59 and a 1 year high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, February 26th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.17). Hilton Grand Vacations had a net margin of 1.60% and a return on equity of 11.90%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts forecast that Hilton Grand Vacations will post 3.39 EPS for the current year.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds and other institutional investors have recently bought and sold shares of HGV. AQR Capital Management LLC bought a new stake in shares of Hilton Grand Vacations during the first quarter worth $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Hilton Grand Vacations by 1.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock worth $1,545,000 after purchasing an additional 615 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Hilton Grand Vacations by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company’s stock worth $6,748,000 after buying an additional 3,705 shares during the period. Intech Investment Management LLC increased its stake in Hilton Grand Vacations by 24.5% in the 1st quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock worth $1,629,000 after buying an additional 8,567 shares during the period. Finally, Norges Bank bought a new stake in Hilton Grand Vacations during the 2nd quarter valued at about $23,163,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.