ILG Inc (ILG) Given Average Recommendation of “Buy” by Brokerages
Shares of ILG Inc (NASDAQ:ILG) have been assigned a consensus recommendation of “Buy” from the six research firms that are presently covering the firm. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $25.25.
ILG has been the topic of several recent research reports. Janney Montgomery Scott initiated coverage on shares of ILG in a research note on Monday, January 30th. They issued a “buy” rating and a $24.00 price target on the stock. Zacks Investment Research upgraded shares of ILG from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. CIBC lifted their price target on shares of ILG from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, April 24th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $26.00 price target (up from $22.00) on shares of ILG in a research note on Friday, April 21st.
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ILG (NASDAQ:ILG) traded up 1.01% during midday trading on Friday, reaching $26.94. 863,347 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $23.47 and a 200 day moving average price of $19.66. ILG has a 52 week low of $11.79 and a 52 week high of $27.01. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 11.16 and a beta of 1.56.
ILG (NASDAQ:ILG) last issued its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. ILG had a net margin of 23.40% and a return on equity of 11.91%. The firm had revenue of $452 million for the quarter, compared to analyst estimates of $446.32 million. During the same period in the previous year, the business earned $0.41 EPS. The company’s revenue was up 143.1% compared to the same quarter last year. Analysts anticipate that ILG will post $1.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 6th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, June 2nd. This represents a $0.60 annualized dividend and a dividend yield of 2.25%. ILG’s dividend payout ratio is presently 17.71%.
In other news, SVP Marie A. Lee sold 7,000 shares of the business’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $18.36, for a total transaction of $128,520.00. Following the transaction, the senior vice president now directly owns 9,300 shares in the company, valued at approximately $170,748. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ILG. BlackRock Inc. raised its position in ILG by 10,793.0% in the first quarter. BlackRock Inc. now owns 13,919,706 shares of the business services provider’s stock valued at $291,757,000 after buying an additional 13,791,920 shares in the last quarter. Vanguard Group Inc. raised its position in ILG by 2.6% in the first quarter. Vanguard Group Inc. now owns 9,740,940 shares of the business services provider’s stock valued at $204,171,000 after buying an additional 247,902 shares in the last quarter. Dimensional Fund Advisors LP raised its position in ILG by 23.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,727,030 shares of the business services provider’s stock valued at $99,078,000 after buying an additional 912,167 shares in the last quarter. P2 Capital Partners LLC raised its position in ILG by 87.9% in the first quarter. P2 Capital Partners LLC now owns 4,375,000 shares of the business services provider’s stock valued at $91,700,000 after buying an additional 2,046,821 shares in the last quarter. Finally, State Street Corp raised its position in ILG by 5.6% in the first quarter. State Street Corp now owns 2,721,105 shares of the business services provider’s stock valued at $57,029,000 after buying an additional 145,154 shares in the last quarter. Institutional investors own 71.26% of the company’s stock.
ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its 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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