ILG Inc. (ILG) Stock Rating Reaffirmed by SunTrust Banks, Inc.
ILG Inc. (NASDAQ:ILG)‘s stock had its “buy” rating reiterated by equities research analysts at SunTrust Banks, Inc. in a research note issued to investors on Friday. They presently have a $30.00 price objective on the business services provider’s stock. SunTrust Banks, Inc.’s price objective suggests a potential upside of 5.52% from the company’s current price.
A number of other analysts also recently issued reports on ILG. BidaskClub downgraded ILG from a “buy” rating to a “hold” rating in a research report on Friday. Nomura lifted their price target on ILG from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday. Oppenheimer Holdings, Inc. lifted their price target on ILG from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday. Zacks Investment Research upgraded ILG from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Wednesday, August 23rd. Finally, Instinet assumed coverage on ILG in a research report on Friday, October 6th. They set a “buy” rating and a $35.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $30.50.
Shares of ILG (NASDAQ:ILG) traded up $0.08 during midday trading on Friday, reaching $28.43. The company’s stock had a trading volume of 764,000 shares, compared to its average volume of 1,213,663. ILG has a fifty-two week low of $17.32 and a fifty-two week high of $30.70. The company has a current ratio of 1.75, a quick ratio of 1.00 and a debt-to-equity ratio of 0.61. The company has a market cap of $3,516.76, a P/E ratio of 21.00 and a beta of 1.53.
ILG (NASDAQ:ILG) last issued its earnings results on Tuesday, November 7th. The business services provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). ILG had a return on equity of 10.46% and a net margin of 7.04%. The company had revenue of $446.00 million during the quarter, compared to the consensus estimate of $429.56 million. During the same quarter in the prior year, the business earned $0.39 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. equities research analysts predict that ILG will post 1.15 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC lifted its position in ILG by 13.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,983,549 shares of the business services provider’s stock worth $54,528,000 after buying an additional 241,774 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in ILG in the 3rd quarter worth approximately $20,235,000. Neuberger Berman Group LLC bought a new stake in ILG in the 2nd quarter worth approximately $5,941,000. Voya Investment Management LLC lifted its position in ILG by 12.8% in the 2nd quarter. Voya Investment Management LLC now owns 53,119 shares of the business services provider’s stock worth $1,460,000 after buying an additional 6,028 shares during the last quarter. Finally, Balyasny Asset Management LLC lifted its position in ILG by 688.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 149,881 shares of the business services provider’s stock worth $4,120,000 after buying an additional 130,881 shares during the last quarter. Institutional investors own 81.52% of the company’s stock.
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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