ILG (ILG) Receives New Coverage from Analysts at Macquarie
Several other research firms have also weighed in on ILG. Instinet started coverage on ILG in a research note on Friday, October 6th. They set a buy rating and a $35.00 price objective for the company. Oppenheimer increased their target price on ILG from $29.00 to $32.00 and gave the company an outperform rating in a report on Wednesday, November 8th. SunTrust Banks restated a buy rating and issued a $30.00 target price on shares of ILG in a report on Friday, November 10th. Nomura increased their target price on ILG from $35.00 to $38.00 and gave the company a buy rating in a report on Wednesday, November 8th. Finally, ValuEngine upgraded ILG from a hold rating to a buy rating in a report on Sunday, December 31st. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $30.88.
ILG (NASDAQ ILG) traded down $0.50 on Friday, hitting $28.69. The stock had a trading volume of 1,242,178 shares, compared to its average volume of 817,289. The company has a market cap of $3,620.96, a price-to-earnings ratio of 28.13 and a beta of 1.49. The company has a current ratio of 1.75, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. ILG has a 1-year low of $17.56 and a 1-year high of $30.70.
ILG (NASDAQ:ILG) last released its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $446.00 million for the quarter, compared to the consensus estimate of $429.56 million. ILG had a return on equity of 10.46% and a net margin of 7.04%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. equities research analysts expect that ILG will post 1.13 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Tuesday, December 5th were issued a $0.15 dividend. The ex-dividend date was Monday, December 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.09%. ILG’s payout ratio is currently 58.82%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Voya Investment Management LLC lifted its holdings in shares of ILG by 12.8% in the second quarter. Voya Investment Management LLC now owns 53,119 shares of the business services provider’s stock valued at $1,460,000 after purchasing an additional 6,028 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of ILG by 13.9% during the second quarter. TIAA CREF Investment Management LLC now owns 1,983,549 shares of the business services provider’s stock worth $54,528,000 after acquiring an additional 241,774 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of ILG during the third quarter worth $20,235,000. Neuberger Berman Group LLC purchased a new stake in shares of ILG during the second quarter worth $5,941,000. Finally, Balyasny Asset Management LLC raised its holdings in shares of ILG by 688.8% during the second quarter. Balyasny Asset Management LLC now owns 149,881 shares of the business services provider’s stock worth $4,120,000 after acquiring an additional 130,881 shares in the last quarter. 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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