ILG Inc. (ILG) Given Consensus Recommendation of “Buy” by Brokerages
Shares of ILG Inc. (NASDAQ:ILG) have earned a consensus rating of “Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $29.33.
ILG has been the subject of a number of analyst reports. Zacks Investment Research upgraded ILG from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Wednesday, July 5th. BidaskClub upgraded ILG from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Instinet initiated coverage on ILG in a research report on Friday, October 6th. They issued a “buy” rating and a $35.00 price target for the company. Finally, Nomura initiated coverage on ILG in a research report on Friday, October 6th. They issued a “buy” rating and a $35.00 price target for the company.
ILG (NASDAQ:ILG) traded down 0.14% during trading on Wednesday, reaching $29.25. The company’s stock had a trading volume of 641,180 shares. The firm has a market capitalization of $3.65 billion, a P/E ratio of 28.15 and a beta of 1.48. ILG has a one year low of $15.94 and a one year high of $29.85. The stock has a 50-day moving average of $26.90 and a 200 day moving average of $26.04.
ILG (NASDAQ:ILG) last announced its earnings results on Thursday, August 3rd. The business services provider reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. ILG had a return on equity of 11.41% and a net margin of 7.32%. The business had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $432.86 million. The company’s revenue was up 51.5% compared to the same quarter last year. On average, equities research analysts predict that ILG will post $1.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th were given a $0.15 dividend. The ex-dividend date was Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.05%. ILG’s dividend payout ratio (DPR) is presently 57.69%.
A number of institutional investors have recently modified their holdings of ILG. BlackRock Inc. grew 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 worth $291,757,000 after acquiring an additional 13,791,920 shares during the period. Dimensional Fund Advisors LP grew 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 worth $99,078,000 after acquiring an additional 912,167 shares during the period. Davidson Kempner Capital Management LP grew its position in ILG by 308.3% in the second quarter. Davidson Kempner Capital Management LP now owns 816,601 shares of the business services provider’s stock worth $22,440,000 after acquiring an additional 616,601 shares during the period. Nomura Holdings Inc. purchased a new position in ILG in the second quarter worth approximately $9,956,000. Finally, Pentwater Capital Management LP purchased a new position in ILG in the second quarter worth approximately $8,247,000. Institutional investors own 81.28% 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.
Receive News & Ratings for ILG Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ILG Inc. and related companies with MarketBeat.com's FREE daily email newsletter.