Instinet Begins Coverage on ILG Inc. (ILG)
Investment analysts at Instinet initiated coverage on shares of ILG Inc. (NASDAQ:ILG) in a research report issued on Friday. The brokerage set a “buy” rating and a $35.00 price target on the business services provider’s stock. Instinet’s price objective indicates a potential upside of 21.61% from the company’s current price.
A number of other equities analysts have also commented on ILG. Zacks Investment Research upgraded shares of ILG from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Wednesday, July 5th. BidaskClub upgraded shares of ILG from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, Nomura began coverage on shares of ILG in a research report on Friday. They set a “buy” rating and a $35.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. ILG has a consensus rating of “Buy” and a consensus target price of $29.29.
ILG (NASDAQ:ILG) traded up 3.37% on Friday, reaching $29.75. The company’s stock had a trading volume of 734,361 shares. ILG has a 52 week low of $15.94 and a 52 week high of $29.85. The stock has a market capitalization of $3.72 billion, a P/E ratio of 28.63 and a beta of 1.48. The firm has a 50 day moving average price of $26.37 and a 200 day moving average price of $25.52.
ILG (NASDAQ:ILG) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. ILG had a net margin of 7.32% and a return on equity of 11.41%. The company had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $432.86 million. The firm’s quarterly revenue was up 51.5% compared to the same quarter last year. On average, equities analysts anticipate that ILG will post $1.18 EPS for the current year.
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A number of hedge funds have recently added to or reduced their stakes in ILG. TIAA CREF Investment Management LLC increased its stake in shares of ILG by 13.9% during 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 purchasing an additional 241,774 shares during the last quarter. Neuberger Berman Group LLC acquired a new position in ILG in the 2nd quarter valued at $5,941,000. Schwab Charles Investment Management Inc. grew its stake in ILG by 8.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 529,950 shares of the business services provider’s stock valued at $11,108,000 after buying an additional 42,805 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in ILG by 73.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 68,212 shares of the business services provider’s stock valued at $1,430,000 after buying an additional 28,825 shares during the last quarter. Finally, Credit Suisse AG grew its stake in ILG by 14.2% in the 1st quarter. Credit Suisse AG now owns 191,115 shares of the business services provider’s stock valued at $4,006,000 after buying an additional 23,749 shares during the last quarter. Institutional investors own 81.28% 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.
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