ILG (ILG) Coverage Initiated at Macquarie
Equities researchers at Macquarie began coverage on shares of ILG (NASDAQ:ILG) in a research report issued to clients and investors on Friday, The Fly reports. The brokerage set a “neutral” rating on the business services provider’s stock.
Other analysts also recently issued research reports about the company. SunTrust Banks reaffirmed a “buy” rating and issued a $30.00 target price on shares of ILG in a research report on Friday, November 10th. Zacks Investment Research downgraded ILG from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Nomura lifted their target price on ILG from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Instinet began coverage on ILG in a research report on Friday, October 6th. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Oppenheimer lifted their target price on ILG from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.88.
Shares of ILG (NASDAQ ILG) opened at $29.19 on Friday. ILG has a 12 month low of $17.56 and a 12 month high of $30.70. The stock has a market capitalization of $3,633.36, a PE ratio of 28.62 and a beta of 1.49. 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 (NASDAQ:ILG) last released its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). ILG had a net margin of 7.04% and a return on equity of 10.46%. The firm had revenue of $446.00 million during the quarter, compared to analyst estimates of $429.56 million. During the same period in the prior year, the business earned $0.39 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. equities research analysts forecast that ILG will post 1.13 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC grew its holdings in ILG by 35.2% during the third quarter. Neuberger Berman Group LLC now owns 292,092 shares of the business services provider’s stock worth $7,808,000 after purchasing an additional 75,981 shares during the period. California Public Employees Retirement System grew its holdings in ILG by 4.7% during the third quarter. California Public Employees Retirement System now owns 220,467 shares of the business services provider’s stock worth $5,893,000 after purchasing an additional 9,872 shares during the period. Cubist Systematic Strategies LLC grew its holdings in ILG by 1,145.9% during the third quarter. Cubist Systematic Strategies LLC now owns 17,056 shares of the business services provider’s stock worth $456,000 after purchasing an additional 15,687 shares during the period. Alyeska Investment Group L.P. grew its holdings in ILG by 58.8% during the third quarter. Alyeska Investment Group L.P. now owns 1,602,542 shares of the business services provider’s stock worth $42,836,000 after purchasing an additional 593,564 shares during the period. Finally, Cowen Inc. grew its holdings in ILG by 673.7% during the third quarter. Cowen Inc. now owns 218,000 shares of the business services provider’s stock worth $5,827,000 after purchasing an additional 256,000 shares during the period. 80.27% of the stock is currently owned by institutional investors and hedge funds.
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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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