Hilton Grand Vacations (NYSE:HGV) Stock Rating Upgraded by Zacks Research

Hilton Grand Vacations (NYSE:HGV) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group raised 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. Citizens Jmp increased their target price on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the company a “market outperform” rating in a research report on Monday, March 9th. Wall Street Zen upgraded shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $40.00 price target on shares of Hilton Grand Vacations in a report on Thursday, February 26th. Finally, Barclays reduced their price target on Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hilton Grand Vacations currently has an average rating of “Hold” and an average price target of $52.33.

Hilton Grand Vacations Trading Up 0.1%

HGV opened at $40.50 on Wednesday. The company has a current ratio of 5.20, a quick ratio of 3.17 and a debt-to-equity ratio of 5.04. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 44.50, a PEG ratio of 0.56 and a beta of 1.49. Hilton Grand Vacations has a 12 month low of $30.59 and a 12 month high of $52.08. The stock has a fifty day moving average price of $44.13 and a 200-day moving average price of $43.65.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.17). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a net margin of 1.60% and a return on equity of 11.90%. Hilton Grand Vacations’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. As a group, equities research analysts anticipate that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

Institutional Trading of Hilton Grand Vacations

A number of institutional investors have recently bought and sold shares of HGV. AQR Capital Management LLC purchased a new stake in Hilton Grand Vacations during the 1st quarter worth approximately $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 buying an additional 615 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Hilton Grand Vacations by 2.1% in the first 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 last quarter. Intech Investment Management LLC lifted its stake in shares of Hilton Grand Vacations by 24.5% during the first 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 acquired a new stake in shares of Hilton Grand Vacations during the second quarter worth $23,163,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

About Hilton Grand Vacations

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.