Barclays Lowers Hilton Grand Vacations (NYSE:HGV) Price Target to $40.00

Hilton Grand Vacations (NYSE:HGV) had its price objective reduced by equities research analysts at Barclays from $54.00 to $40.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 15.81% from the stock’s current price.

A number of other equities analysts have also recently weighed in on HGV. JPMorgan Chase & Co. began coverage on Hilton Grand Vacations in a research note on Monday, April 15th. They issued an “overweight” rating and a $59.00 price target on the stock. Mizuho cut their target price on shares of Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday. Truist Financial boosted their price target on shares of Hilton Grand Vacations from $70.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Finally, Jefferies Financial Group lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating and cut their price objective for the stock from $55.00 to $35.00 in a report on Friday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $53.71.

Hilton Grand Vacations Price Performance

HGV traded down $0.97 during trading on Friday, reaching $34.54. The stock had a trading volume of 198,033 shares, compared to its average volume of 738,570. The stock has a 50 day moving average of $40.85 and a two-hundred day moving average of $42.90. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 1.76 and a beta of 1.83. Hilton Grand Vacations has a 1-year low of $33.13 and a 1-year high of $49.02. The company has a quick ratio of 3.11, a current ratio of 4.44 and a debt-to-equity ratio of 3.09.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.27). The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.33 billion. Hilton Grand Vacations had a return on equity of 19.41% and a net margin of 5.62%. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. As a group, equities analysts anticipate that Hilton Grand Vacations will post 3.95 EPS for the current fiscal year.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of large investors have recently bought and sold shares of the business. nVerses Capital LLC acquired a new position in Hilton Grand Vacations in the second quarter worth $32,000. YHB Investment Advisors Inc. acquired a new stake in shares of Hilton Grand Vacations in the first quarter valued at approximately $47,000. Ashton Thomas Private Wealth LLC bought a new position in Hilton Grand Vacations in the 2nd quarter worth approximately $120,000. Benjamin Edwards Inc. lifted its holdings in Hilton Grand Vacations by 46.0% during the 1st quarter. Benjamin Edwards Inc. now owns 3,193 shares of the company’s stock worth $151,000 after buying an additional 1,006 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Hilton Grand Vacations during the fourth quarter valued at $142,000. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.