ILG Inc. (ILG) Receives Consensus Recommendation of “Buy” from Brokerages
ILG Inc. (NASDAQ:ILG) has received a consensus rating of “Buy” from the nine brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $30.71.
A number of research firms have recently weighed in on ILG. Zacks Investment Research upgraded shares of ILG from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. SunTrust Banks restated a “buy” rating and set a $30.00 price target on shares of ILG in a report on Friday, November 10th. BidaskClub downgraded shares of ILG from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Oppenheimer raised their price target on shares of ILG from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Finally, Nomura raised their price target on shares of ILG from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, November 8th.
ILG (NASDAQ ILG) traded down $0.40 during trading on Thursday, hitting $27.74. 539,500 shares of the stock were exchanged, compared to its average volume of 1,188,672. The company has a market cap of $3,520.00, a P/E ratio of 20.84 and a beta of 1.48. The company has a quick ratio of 1.07, a current ratio of 1.75 and a debt-to-equity ratio of 0.61. ILG has a fifty-two week low of $17.56 and a fifty-two week high of $30.70.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, December 5th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.60 annualized dividend and a yield of 2.16%. ILG’s dividend payout ratio (DPR) is presently 59.41%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Huntington National Bank bought a new position in ILG in the 3rd quarter worth $128,000. Advisor Group Inc. raised its holdings in ILG by 28.0% in the 2nd quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock worth $137,000 after acquiring an additional 1,119 shares during the period. Creative Planning raised its holdings in ILG by 6.3% in the 2nd quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock worth $146,000 after acquiring an additional 316 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in ILG by 11.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock worth $147,000 after acquiring an additional 550 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in ILG in the 3rd quarter worth $215,000. Hedge funds and other institutional investors own 80.30% of the company’s stock.
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ILG Company Profile
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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