ILG Inc. (NASDAQ:ILG) Downgraded by Zacks Investment Research to Hold
Zacks Investment Research cut shares of ILG Inc. (NASDAQ:ILG) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday.
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 research firms have also recently commented on ILG. CIBC boosted their price objective on ILG from $22.00 to $26.00 and gave the company an outperform rating in a research report on Monday, April 24th. Oppenheimer Holdings, Inc. restated an outperform rating and issued a $26.00 price objective (up from $22.00) on shares of ILG in a research report on Friday, April 21st. Finally, Imperial Capital boosted their price objective on ILG from $22.00 to $30.00 and gave the company an outperform rating in a research report on Tuesday, May 30th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of $27.00.
Shares of ILG (NASDAQ ILG) opened at 26.52 on Wednesday. The company has a 50-day moving average of $27.31 and a 200 day moving average of $22.94. ILG has a 12-month low of $15.94 and a 12-month high of $28.99. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 10.99 and a beta of 1.48.
ILG (NASDAQ:ILG) last announced its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. The company had revenue of $452 million during the quarter, compared to the consensus estimate of $446.32 million. ILG had a return on equity of 11.66% and a net margin of 17.63%. ILG’s revenue for the quarter was up 143.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. Analysts predict that ILG will post $1.15 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in ILG by 10,793.0% in the first quarter. BlackRock Inc. now owns 13,919,706 shares of the business services provider’s stock worth $291,757,000 after buying an additional 13,791,920 shares in the last quarter. Vanguard Group Inc. increased its stake in ILG by 2.6% in the first quarter. Vanguard Group Inc. now owns 9,740,940 shares of the business services provider’s stock worth $204,171,000 after buying an additional 247,902 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in ILG by 23.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,727,030 shares of the business services provider’s stock worth $99,078,000 after buying an additional 912,167 shares in the last quarter. P2 Capital Partners LLC increased its stake in ILG by 87.9% in the first quarter. P2 Capital Partners LLC now owns 4,375,000 shares of the business services provider’s stock worth $91,700,000 after buying an additional 2,046,821 shares in the last quarter. Finally, State Street Corp increased its stake in ILG by 5.6% in the first quarter. State Street Corp now owns 2,721,105 shares of the business services provider’s stock worth $57,029,000 after buying an additional 145,154 shares in the last quarter. Institutional investors and hedge funds own 82.72% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ILG Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ILG Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.