Hilton Grand Vacations (NYSE:HGV) Given New $63.00 Price Target at Truist Financial

Hilton Grand Vacations (NYSE:HGV) had its price target raised by equities research analysts at Truist Financial from $51.00 to $63.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 52.03% from the company’s current price.

Several other analysts have also commented on the company. Morgan Stanley assumed coverage on Hilton Grand Vacations in a report on Monday, January 6th. They issued an “overweight” rating and a $47.00 price objective on the stock. Mizuho upped their price objective on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. JMP Securities dropped their target price 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 upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, The Goldman Sachs Group lifted their price objective on Hilton Grand Vacations from $37.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Hilton Grand Vacations presently has a consensus rating of “Hold” and an average target price of $47.25.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock traded up $0.96 during mid-day trading on Friday, hitting $41.44. The company had a trading volume of 208,498 shares, compared to its average volume of 810,291. 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 company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 47.21, a P/E/G ratio of 2.20 and a beta of 1.85. The company’s fifty day moving average is $40.72 and its 200-day moving average is $39.42. Hilton Grand Vacations has a 12-month low of $33.21 and a 12-month high of $47.81.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data 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). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Equities research analysts predict that Hilton Grand Vacations will post 3.39 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State of New Jersey Common Pension Fund D increased its position in Hilton Grand Vacations by 13.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 51,885 shares of the company’s stock worth $1,884,000 after purchasing an additional 6,245 shares during the last quarter. Barnett & Company Inc. purchased a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at approximately $1,190,000. Victory Capital Management Inc. increased its holdings in shares of Hilton Grand Vacations by 16.9% during the 3rd quarter. Victory Capital Management Inc. now owns 17,140 shares of the company’s stock worth $623,000 after buying an additional 2,477 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Hilton Grand Vacations during the 3rd quarter valued at approximately $2,385,000. Finally, Cerity Partners LLC lifted its holdings in Hilton Grand Vacations by 156.1% in the third quarter. Cerity Partners LLC now owns 22,980 shares of the company’s stock valued at $835,000 after acquiring an additional 14,007 shares during 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.