Hilton Grand Vacations Inc. (NYSE:HGV) Receives $47.25 Consensus Price Target from Brokerages

Hilton Grand Vacations Inc. (NYSE:HGV) has been given an average rating of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $47.25.

A number of brokerages have recently issued reports on HGV. Truist Financial upped their target price on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Mizuho raised their price objective on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th. JMP Securities reduced their price target on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Wednesday, December 18th. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research note on Saturday, March 1st. Finally, Morgan Stanley assumed coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They issued an “overweight” rating and a $47.00 target price for the company.

Hilton Grand Vacations Price Performance

Shares of HGV stock opened at $37.66 on Friday. Hilton Grand Vacations has a twelve month low of $33.21 and a twelve month high of $47.81. The company has a market capitalization of $3.56 billion, a PE ratio of 42.79, a price-to-earnings-growth ratio of 2.20 and a beta of 1.84. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The firm has a fifty day simple moving average of $40.34 and a 200-day simple moving average of $39.36.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.40). The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. Equities research analysts anticipate that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Amalgamated Bank boosted its position in Hilton Grand Vacations by 0.9% during the 4th quarter. Amalgamated Bank now owns 28,884 shares of the company’s stock worth $1,125,000 after acquiring an additional 263 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Hilton Grand Vacations by 0.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company’s stock worth $1,585,000 after purchasing an additional 303 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Hilton Grand Vacations by 5.1% during the 4th quarter. Bank of Montreal Can now owns 7,447 shares of the company’s stock valued at $290,000 after buying an additional 361 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Hilton Grand Vacations by 7.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,141 shares of the company’s stock worth $512,000 after buying an additional 869 shares during the last quarter. Finally, KBC Group NV raised its position in Hilton Grand Vacations by 41.2% during the fourth quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after acquiring an additional 889 shares in the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.