Hilton Grand Vacations (HGV) Receives Outperform Rating from Credit Suisse Group

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Credit Suisse Group reaffirmed their outperform rating on shares of Hilton Grand Vacations (NYSE:HGV) in a report published on Wednesday, MarketBeat Ratings reports. Credit Suisse Group currently has a $37.00 price target on the stock.

Several other brokerages also recently weighed in on HGV. TheStreet raised Hilton Grand Vacations from a c rating to a b- rating in a research report on Tuesday, February 19th. SunTrust Banks increased their price target on Hilton Grand Vacations to $51.00 and gave the stock a buy rating in a research report on Friday, March 1st. They noted that the move was a valuation call. ValuEngine raised Hilton Grand Vacations from a sell rating to a hold rating in a research report on Tuesday, November 27th. Zacks Investment Research raised Hilton Grand Vacations from a sell rating to a hold rating in a research report on Tuesday, February 19th. Finally, Goldman Sachs Group cut their price target on Hilton Grand Vacations to $39.00 and set a buy rating on the stock in a research report on Tuesday, November 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $38.83.

Shares of HGV opened at $30.51 on Wednesday. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 1.82 and a beta of 1.69. The company has a debt-to-equity ratio of 2.21, a quick ratio of 3.42 and a current ratio of 4.66. Hilton Grand Vacations has a fifty-two week low of $24.17 and a fifty-two week high of $44.49.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Wednesday, February 27th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.03. The company had revenue of $642.00 million for the quarter, compared to the consensus estimate of $589.49 million. Hilton Grand Vacations had a return on equity of 56.90% and a net margin of 14.91%. The firm’s revenue for the quarter was up 43.6% compared to the same quarter last year. During the same period last year, the firm earned $1.83 EPS. On average, analysts expect that Hilton Grand Vacations will post 2.8 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Hilton Grand Vacations by 10.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 751,159 shares of the company’s stock worth $24,863,000 after acquiring an additional 72,384 shares in the last quarter. Putnam Investments LLC purchased a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth about $2,325,000. Prudential Financial Inc. boosted its stake in shares of Hilton Grand Vacations by 482.7% during the 3rd quarter. Prudential Financial Inc. now owns 1,238,570 shares of the company’s stock worth $40,996,000 after acquiring an additional 1,025,995 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Hilton Grand Vacations by 48,602.2% during the 4th quarter. Royce & Associates LP now owns 536,211 shares of the company’s stock worth $14,151,000 after acquiring an additional 535,110 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Hilton Grand Vacations by 1.8% during the 3rd quarter. BlackRock Inc. now owns 4,110,260 shares of the company’s stock worth $136,048,000 after acquiring an additional 72,417 shares in the last quarter.

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.

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Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

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