Hilton Grand Vacations (NYSE:HGV) Price Target Raised to $55.00

Hilton Grand Vacations (NYSE:HGV) had its price objective increased by Citizens Jmp from $50.00 to $55.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s target price points to a potential upside of 26.09% from the company’s previous close.

A number of other equities research analysts have also recently commented on HGV. Wells Fargo & Company assumed coverage on Hilton Grand Vacations in a research note on Tuesday, November 18th. They set an “equal weight” rating and a $42.00 price objective for the company. Mizuho reduced their target price on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Barclays lowered their price target on Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating for the company in a research note on Monday, March 2nd. The Goldman Sachs Group reiterated a “sell” rating and issued a $40.00 price target on shares of Hilton Grand Vacations in a research report on Thursday, February 26th. Finally, Zacks Research cut shares of Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $52.33.

Hilton Grand Vacations Trading Down 3.6%

Shares of NYSE HGV opened at $43.62 on Monday. Hilton Grand Vacations has a fifty-two week low of $30.59 and a fifty-two week high of $52.08. The firm has a market capitalization of $3.55 billion, a P/E ratio of 47.93, a P/E/G ratio of 0.60 and a beta of 1.43. 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 company’s 50 day simple moving average is $46.19 and its 200 day simple moving average is $44.38.

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

Hedge Funds Weigh In On Hilton Grand Vacations

Several institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings in Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after buying an additional 565 shares during the period. Bard Associates Inc. bought a new stake in shares of Hilton Grand Vacations during the fourth quarter worth $29,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Hilton Grand Vacations by 136.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock worth $37,000 after acquiring an additional 520 shares during the period. GAMMA Investing LLC lifted its position in Hilton Grand Vacations by 60.6% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after acquiring an additional 349 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Hilton Grand Vacations in the 4th quarter worth $44,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

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.