Interval Leisure Group Inc. (IILG) Upgraded by Zacks Investment Research to Strong-Buy
Interval Leisure Group Inc. (NASDAQ:IILG) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday. The firm presently has a $19.00 price objective on the stock. Zacks Investment Research’s price target suggests a potential upside of 15.08% from the company’s previous close.
According to Zacks, “INTERVAL LEISURE GROUP is a leading provider of membership and leisure services to consumers and business-to-business customers in the vacation industry. Its principal business is Interval International, a pioneer and innovator serving the vacation ownership market for more than 32 years. Interval International is a membership-based organization that offers a comprehensive package of year-round benefits, including the opportunity to trade the use of resort time for alternate accommodations. Today, Interval has a network of over 2,400 resorts in excess of 75 countries, and offers its resort clients and approximately two million member families high-quality products and programs through 29 offices in 17 nations. RQH provides vacation rental and property management services to vacationers and vacation property owners across Hawaii with a portfolio of approximately 5,000 units in properties throughout the islands. ILG is headquartered in Miami, Florida, and has approximately 2,900 employees worldwide. “
IILG has been the topic of several other research reports. MKM Partners raised shares of Interval Leisure Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $16.50 to $25.00 in a report on Thursday, July 14th. TheStreet raised shares of Interval Leisure Group from a “hold” rating to a “buy” rating in a report on Thursday, July 14th.
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Shares of Interval Leisure Group (NASDAQ:IILG) traded up 0.12% during midday trading on Tuesday, reaching $16.51. 912,910 shares of the company’s stock were exchanged. The stock has a market cap of $2.07 billion, a PE ratio of 4.74 and a beta of 1.11. Interval Leisure Group has a 12-month low of $10.61 and a 12-month high of $21.98. The stock’s 50 day moving average is $17.33 and its 200-day moving average is $15.46.
Interval Leisure Group (NASDAQ:IILG) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.15. Interval Leisure Group had a net margin of 28.78% and a return on equity of 12.35%. The business had revenue of $297 million for the quarter, compared to the consensus estimate of $345.40 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was up 70.7% on a year-over-year basis. On average, equities analysts expect that Interval Leisure Group will post $1.43 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Friday, September 2nd. Interval Leisure Group’s dividend payout ratio (DPR) is presently 17.20%.
An institutional investor recently bought a new position in Interval Leisure Group stock. Norges Bank bought a new stake in Interval Leisure Group Inc. (NASDAQ:IILG) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 632,762 shares of the company’s stock, valued at approximately $9,877,000. Norges Bank owned about 1.10% of Interval Leisure Group at the end of the most recent reporting period. Institutional investors own 80.46% of the company’s stock.
Interval Leisure Group Company Profile
Interval Leisure Group, Inc (ILG) is a provider of non-traditional lodging, encompassing a portfolio of leisure businesses from exchange and vacation rental to vacation ownership. The Company operates through two segments. The Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.
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