ILG (ILG) Downgraded to Hold at Zacks Investment Research
ILG (NASDAQ:ILG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “ILG, Inc. offers owners, members and guests benefits and services, as well as destinations through its portfolio of resorts and clubs. The company’s operating businesses include Aqua-Aston Hospitality, Hyatt Vacation Ownership, Interval International, Trading Places International, Vacation Resorts International, VRI Europe and Vistana Signature Experiences. ILG, Inc., formerly known as Interval Leisure Group Inc., is headquartered in Miami, Florida. “
A number of other equities analysts also recently issued reports on the stock. SunTrust Banks reiterated a “buy” rating and set a $30.00 price objective on shares of ILG in a research note on Friday, November 10th. Nomura increased their price objective on shares of ILG from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Instinet started coverage on shares of ILG in a research note on Friday, October 6th. They set a “buy” rating and a $35.00 price objective on the stock. Oppenheimer increased their price objective on shares of ILG from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Finally, BidaskClub upgraded shares of ILG from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $30.88.
ILG (ILG) opened at $29.10 on Tuesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.75. ILG has a one year low of $17.56 and a one year high of $30.70. The stock has a market cap of $3,580.00, a P/E ratio of 28.81 and a beta of 1.49.
ILG (NASDAQ:ILG) last released its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). ILG had a net margin of 7.04% and a return on equity of 10.46%. The business had revenue of $446.00 million for the quarter, compared to the consensus estimate of $429.56 million. During the same quarter in the prior year, the business posted $0.39 earnings per share. ILG’s revenue for the quarter was up 6.7% on a year-over-year basis. analysts predict that ILG will post 1.13 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. acquired a new stake in shares of ILG during the third quarter worth $20,235,000. Dimensional Fund Advisors LP lifted its stake in shares of ILG by 13.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,383,306 shares of the business services provider’s stock worth $147,987,000 after buying an additional 656,276 shares during the period. Davidson Kempner Capital Management LP lifted its stake in shares of ILG by 308.3% during the second quarter. Davidson Kempner Capital Management LP now owns 816,601 shares of the business services provider’s stock worth $22,440,000 after buying an additional 616,601 shares during the period. Alyeska Investment Group L.P. lifted its stake in shares of ILG by 58.8% during the third quarter. Alyeska Investment Group L.P. now owns 1,602,542 shares of the business services provider’s stock worth $42,836,000 after buying an additional 593,564 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of ILG during the second quarter worth $9,956,000. Institutional investors own 80.27% of the company’s stock.
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ILG Company Profile
ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.
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