Hilton Grand Vacations Inc. (NYSE:HGV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.
According to Zacks, “Hilton Grand Vacations Company, LLC, a division of Hilton Worldwide, is engaged in hospitality business. It markets and operates vacation ownership resorts. The company also manages and serves club membership programs which include Hilton Grand Vacations Club(R) and The Hilton Club(R). It operates primarily in USA, Indonesia, Italy, Mexico, New Zealand, Portugal, Scotland and Thailand. Hilton Grand Vacations Company, LLC is headquartered in Orlando, Florida. “
Several other research analysts have also recently issued reports on HGV. Instinet upped their price target on Hilton Grand Vacations from $32.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, March 2nd. J P Morgan Chase & Co initiated coverage on shares of Hilton Grand Vacations in a research note on Wednesday, April 12th. They set an “overweight” rating and a $37.00 target price on the stock. Janney Montgomery Scott reissued a “buy” rating and set a $38.00 target price on shares of Hilton Grand Vacations in a research note on Thursday, April 20th. Finally, Nomura reissued a “buy” rating and set a $43.00 target price on shares of Hilton Grand Vacations in a research note on Friday, May 5th. Nine analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of $37.33.
Hilton Grand Vacations (NYSE HGV) opened at 37.33 on Friday. The stock has a market capitalization of $3.70 billion and a P/E ratio of 21.74. Hilton Grand Vacations has a 1-year low of $24.60 and a 1-year high of $37.73. The company has a 50-day moving average price of $35.62 and a 200 day moving average price of $31.18.
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In other news, insider Mark D. Wang bought 28,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of $36.08 per share, with a total value of $1,010,240.00. Following the purchase, the insider now directly owns 312,325 shares in the company, valued at $11,268,686. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.46% of the stock is owned by insiders.
About Hilton Grand Vacations
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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