Barclays Forecasts Strong Price Appreciation for Hilton Grand Vacations (NYSE:HGV) Stock

Hilton Grand Vacations (NYSE:HGV) had its price target upped by Barclays from $41.00 to $45.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 4.77% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. StockNews.com raised shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Morgan Stanley started 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. Truist Financial decreased their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. JMP Securities lowered their price target 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. Finally, The Goldman Sachs Group lifted their price objective on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $45.13.

Hilton Grand Vacations Stock Up 1.1 %

HGV stock traded up $0.45 during trading on Friday, reaching $42.95. 934,260 shares of the stock were exchanged, compared to its average volume of 795,448. The firm’s 50 day moving average is $40.51 and its 200 day moving average is $39.20. The firm has a market cap of $4.23 billion, a P/E ratio of 48.81, a price-to-earnings-growth ratio of 2.20 and a beta of 1.85. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations has a twelve month low of $33.21 and a twelve month high of $48.65.

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

Hedge Funds Weigh In On Hilton Grand Vacations

Institutional investors have recently added to or reduced their stakes in the stock. Reston Wealth Management LLC purchased a new position in Hilton Grand Vacations in the third quarter valued at about $25,000. Blue Trust Inc. grew its holdings in Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares during the period. Covestor Ltd increased its position in Hilton Grand Vacations by 432.4% in the fourth quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $50,000 after buying an additional 1,042 shares during the last quarter. KBC Group NV raised its stake in shares of Hilton Grand Vacations by 41.2% in the fourth quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after buying an additional 889 shares during the period. Finally, Aigen Investment Management LP purchased a new position in shares of Hilton Grand Vacations during the 4th quarter valued at $200,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

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.