Nomura Raises ILG Inc. (ILG) Price Target to $38.00
ILG Inc. (NASDAQ:ILG) had its price objective upped by Nomura from $35.00 to $38.00 in a report published on Wednesday morning. The brokerage currently has a buy rating on the business services provider’s stock.
Several other equities research analysts have also commented on the stock. BidaskClub upgraded shares of ILG from a hold rating to a buy rating in a research report on Wednesday, October 11th. Zacks Investment Research lowered shares of ILG from a buy rating to a hold rating in a research report on Thursday, August 24th. Finally, Instinet started coverage on shares of ILG in a research report on Friday, October 6th. They issued a buy rating and a $35.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of $30.57.
ILG (NASDAQ ILG) traded up $0.08 during trading hours on Wednesday, hitting $28.43. 764,000 shares of the stock were exchanged, compared to its average volume of 1,213,663. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.00 and a current ratio of 1.75. ILG has a fifty-two week low of $17.32 and a fifty-two week high of $30.70. The firm has a market cap of $3,516.76, a PE ratio of 21.00 and a beta of 1.53.
ILG (NASDAQ:ILG) last posted its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.28 earnings per share for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $429.56 million. During the same period last year, the company earned $0.39 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. analysts forecast that ILG will post 1.15 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, December 5th will be given a $0.15 dividend. The ex-dividend date is Monday, December 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.11%. ILG’s dividend payout ratio is presently 58.82%.
Several institutional investors have recently added to or reduced their stakes in ILG. Huntington National Bank purchased a new stake in shares of ILG in the 3rd quarter worth about $128,000. Advisor Group Inc. lifted its holdings in ILG by 28.0% in the 2nd quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 1,119 shares in the last quarter. Creative Planning lifted its holdings in ILG by 6.3% in the 2nd quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock valued at $146,000 after purchasing an additional 316 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in ILG by 11.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 550 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in ILG in the 3rd quarter valued at about $215,000. Institutional investors and hedge funds 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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