Hilton Grand Vacations (NYSE:HGV) Earns Coverage Optimism Score of 0.20
Press coverage about Hilton Grand Vacations (NYSE:HGV) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hilton Grand Vacations earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.7763981621365 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Hilton Grand Vacations Inc. (HGV) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- Hilton Grand Vacations, Inc. breached its 50 day moving average in a Bearish Manner : HGV-US : August 9, 2017 (finance.yahoo.com)
- Brokers Issue Forecasts for Hilton Grand Vacations Inc.’s FY2017 Earnings (NYSE:HGV) (americanbankingnews.com)
- Comparing Hilton Grand Vacations (HGV) & Intercontinental Hotels Group (IHG) (americanbankingnews.com)
Several analysts have weighed in on the company. Zacks Investment Research downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Instinet reiterated a “buy” rating and issued a $45.00 price objective (up previously from $44.00) on shares of Hilton Grand Vacations in a research report on Wednesday. Nomura reiterated a “buy” rating and issued a $43.00 price objective on shares of Hilton Grand Vacations in a research report on Monday, May 15th. Buckingham Research assumed coverage on Hilton Grand Vacations in a research report on Monday, June 19th. They issued a “buy” rating and a $42.00 price objective for the company. Finally, Janney Montgomery Scott reiterated a “buy” rating and issued a $38.00 price objective on shares of Hilton Grand Vacations in a research report on Thursday, April 20th. Nine analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $38.56.
Hilton Grand Vacations (HGV) opened at 34.50 on Friday. The company has a market cap of $3.42 billion and a P/E ratio of 19.64. Hilton Grand Vacations has a one year low of $24.60 and a one year high of $37.94. The company’s 50 day moving average price is $36.03 and its 200-day moving average price is $33.01.
Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Wednesday, August 2nd. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.06. The firm had revenue of $439 million for the quarter, compared to the consensus estimate of $413.33 million. The firm’s revenue was up 12.3% on a year-over-year basis. On average, analysts forecast that Hilton Grand Vacations will post $1.93 EPS for the current fiscal year.
In related news, insider Mark D. Wang purchased 28,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average cost of $36.08 per share, for a total transaction of $1,010,240.00. Following the acquisition, the insider now owns 312,325 shares of the company’s stock, valued at approximately $11,268,686. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Hlt Holdco Iii Llc sold 9,650,000 shares of Hilton Grand Vacations stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $35.40, for a total value of $341,610,000.00. The disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.
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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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