Hilton Grand Vacations (NYSE:HGV) Given New $60.00 Price Target at Mizuho

Hilton Grand Vacations (NYSE:HGV) had its target price lifted by Mizuho from $55.00 to $60.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective would indicate a potential upside of 41.72% from the stock’s current price.

Several other equities analysts have also commented on the company. JMP Securities lowered their price objective on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a research report on Wednesday, December 18th. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Barclays reaffirmed an “equal weight” rating and set a $41.00 price objective (down previously from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. Morgan Stanley initiated coverage on Hilton Grand Vacations in a report on Monday, January 6th. They issued an “overweight” rating and a $47.00 target price on the stock. Finally, The Goldman Sachs Group raised their price target on Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $44.63.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock opened at $42.34 on Friday. 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 market cap of $4.17 billion, a P/E ratio of 48.11, a P/E/G ratio of 2.20 and a beta of 1.85. Hilton Grand Vacations has a 1-year low of $33.21 and a 1-year high of $49.02. The firm has a 50-day moving average of $40.51 and a 200-day moving average of $39.20.

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

Institutional Investors Weigh In On Hilton Grand Vacations

Institutional investors and hedge funds have recently bought and sold shares of the business. Reston Wealth Management LLC bought a new stake in shares of Hilton Grand Vacations during the third quarter valued at approximately $25,000. Blue Trust Inc. lifted its position in shares of Hilton Grand Vacations by 141.7% in the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after buying an additional 588 shares in the last quarter. Covestor Ltd boosted its stake in Hilton Grand Vacations by 432.4% during the fourth quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $50,000 after buying an additional 1,042 shares during the last quarter. KBC Group NV raised its holdings in shares of Hilton Grand Vacations by 41.2% during the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock worth $119,000 after acquiring an additional 889 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Hilton Grand Vacations during the 4th quarter worth approximately $200,000. 97.23% of the stock is owned by institutional investors.

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.