ILG Inc. (NASDAQ:ILG) Downgraded to Hold at Zacks Investment Research
ILG Inc. (NASDAQ:ILG) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “ILG, Inc. offers owners, members and guests benefits and services, as well as destinations through its portfolio of resorts and clubs. The company’s operating businesses include Aqua-Aston Hospitality, Hyatt Vacation Ownership, Interval International, Trading Places International, Vacation Resorts International, VRI Europe and Vistana Signature Experiences. ILG, Inc., formerly known as Interval Leisure Group Inc., is headquartered in Miami, Florida. “
Several other research firms also recently weighed in on ILG. CIBC raised their price objective on ILG from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, April 24th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $26.00 price objective (up previously from $22.00) on shares of ILG in a report on Friday, April 21st. Finally, Imperial Capital raised their price objective on ILG from $22.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, May 30th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. ILG presently has a consensus rating of “Buy” and a consensus target price of $27.00.
Shares of ILG (NASDAQ:ILG) traded down 0.15% during mid-day trading on Wednesday, reaching $26.95. The company had a trading volume of 746,514 shares. ILG has a 12-month low of $15.94 and a 12-month high of $28.99. The firm’s 50 day moving average is $27.31 and its 200-day moving average is $22.85. The stock has a market capitalization of $3.36 billion, a P/E ratio of 11.16 and a beta of 1.48.
ILG (NASDAQ:ILG) last released its quarterly earnings data on Thursday, May 4th. The business services provider reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. ILG had a return on equity of 11.66% and a net margin of 17.63%. The company had revenue of $452 million for the quarter, compared to the consensus estimate of $446.32 million. During the same quarter last year, the business posted $0.41 EPS. ILG’s revenue for the quarter was up 143.1% on a year-over-year basis. On average, analysts expect that ILG will post $1.15 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of 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 during the last quarter. Vanguard Group Inc. increased its position in shares of 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 during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 during the last quarter. P2 Capital Partners LLC increased its position in shares of 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 during the last quarter. Finally, State Street Corp increased its position in shares of 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 during the last quarter. 82.72% of the stock is currently owned by hedge funds and other institutional investors.
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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