ILG Inc. (ILG) Given Consensus Recommendation of “Buy” by Brokerages
ILG Inc. (NASDAQ:ILG) has been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $26.20.
Several brokerages have recently issued reports on ILG. Zacks Investment Research upgraded shares of ILG from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday, July 5th. Imperial Capital boosted their price target on shares of ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 30th.
Several large investors have recently added to or reduced their stakes in ILG. UBS Asset Management Americas Inc. bought a new stake in ILG during the fourth quarter worth about $716,000. Bank of Montreal Can boosted its position in shares of ILG by 1.5% in the first quarter. Bank of Montreal Can now owns 137,653 shares of the business services provider’s stock worth $2,885,000 after buying an additional 1,991 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of ILG by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 43,100 shares of the business services provider’s stock worth $903,000 after buying an additional 500 shares during the period. State of Alaska Department of Revenue boosted its position in shares of ILG by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 11,730 shares of the business services provider’s stock worth $245,000 after buying an additional 220 shares during the period. Finally, Nationwide Fund Advisors boosted its position in shares of ILG by 9.8% in the first quarter. Nationwide Fund Advisors now owns 90,351 shares of the business services provider’s stock worth $1,894,000 after buying an additional 8,033 shares during the period. 80.63% of the stock is currently owned by institutional investors and hedge funds.
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Shares of ILG (ILG) traded down 0.11% during trading on Tuesday, reaching $26.20. The company’s stock had a trading volume of 555,759 shares. The firm’s 50-day moving average price is $26.65 and its 200-day moving average price is $24.02. ILG has a one year low of $15.94 and a one year high of $28.99. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 25.22 and a beta of 1.47.
ILG (NASDAQ:ILG) last issued its earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. ILG had a net margin of 7.32% and a return on equity of 11.41%. The firm had revenue of $450 million during the quarter, compared to analysts’ expectations of $432.86 million. The business’s revenue for the quarter was up 51.5% on a year-over-year basis. On average, equities analysts anticipate that ILG will post $1.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Thursday, August 31st. ILG’s dividend payout ratio (DPR) is 57.69%.
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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