Hilton Grand Vacations Inc. (NYSE:HGV) Given Consensus Rating of “Hold” by Brokerages

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $43.71.

Several research firms have issued reports on HGV. Truist Financial cut their target price on Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. StockNews.com cut Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. The Goldman Sachs Group started coverage on Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price objective for the company. Barclays dropped their price objective on Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, Mizuho dropped their price objective on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a research note on Friday, August 9th.

Hilton Grand Vacations Price Performance

HGV stock opened at $38.13 on Tuesday. The business has a fifty day moving average of $37.03 and a two-hundred day moving average of $39.77. The company has a quick ratio of 2.97, a current ratio of 4.36 and a debt-to-equity ratio of 3.18. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 1.97 and a beta of 1.83. Hilton Grand Vacations has a 52-week low of $33.13 and a 52-week high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.27). The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.33 billion. Hilton Grand Vacations had a return on equity of 18.06% and a net margin of 3.57%. Hilton Grand Vacations’s revenue was up 22.6% compared to the same quarter last year. During the same period last year, the business earned $0.85 EPS. As a group, research analysts anticipate that Hilton Grand Vacations will post 3.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HGV. nVerses Capital LLC purchased a new stake in Hilton Grand Vacations during the 2nd quarter worth about $32,000. Blue Trust Inc. lifted its holdings in Hilton Grand Vacations by 141.7% during the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after buying an additional 588 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Hilton Grand Vacations during the 2nd quarter worth about $93,000. Ashton Thomas Private Wealth LLC purchased a new stake in Hilton Grand Vacations during the 2nd quarter worth about $120,000. Finally, Waterway Wealth Management LLC purchased a new stake in Hilton Grand Vacations during the 1st quarter worth about $201,000. 97.23% of the stock is currently owned by hedge funds and other 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.