Hilton Grand Vacations (HGV) Earns Neutral Rating from Analysts at Macquarie

Stock analysts at Macquarie started coverage on shares of Hilton Grand Vacations (NYSE:HGV) in a note issued to investors on Friday, The Fly reports. The firm set a “neutral” rating on the stock.

Separately, Zacks Investment Research raised shares of Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $41.29.

Hilton Grand Vacations (HGV) opened at $41.99 on Friday. The stock has a market cap of $4,202.36 and a price-to-earnings ratio of 22.95. The company has a debt-to-equity ratio of 3.29, a quick ratio of 3.39 and a current ratio of 4.50. Hilton Grand Vacations has a 1-year low of $24.60 and a 1-year high of $43.19.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. Hilton Grand Vacations had a net margin of 10.84% and a return on equity of 72.15%. The company had revenue of $426.00 million during the quarter, compared to the consensus estimate of $435.83 million. During the same period in the prior year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. research analysts predict that Hilton Grand Vacations will post 1.96 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Hilton Grand Vacations by 17.5% in the second quarter. Vanguard Group Inc. now owns 5,285,950 shares of the company’s stock worth $190,611,000 after purchasing an additional 788,628 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Hilton Grand Vacations by 7.3% in the second quarter. Capital Research Global Investors now owns 4,678,200 shares of the company’s stock worth $168,696,000 after purchasing an additional 319,000 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Hilton Grand Vacations by 36.8% in the third quarter. Wells Fargo & Company MN now owns 2,496,768 shares of the company’s stock worth $96,450,000 after purchasing an additional 672,097 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Hilton Grand Vacations by 7,430.7% in the second quarter. Alliancebernstein L.P. now owns 2,245,594 shares of the company’s stock worth $80,976,000 after purchasing an additional 2,215,775 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Hilton Grand Vacations by 1.9% in the second quarter. FMR LLC now owns 2,135,847 shares of the company’s stock worth $77,019,000 after purchasing an additional 39,299 shares during the last quarter. 99.32% of the stock is currently owned by institutional investors.

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About Hilton Grand Vacations

Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.