Mizuho Forecasts Strong Price Appreciation for Hilton Grand Vacations (NYSE:HGV) Stock

Hilton Grand Vacations (NYSE:HGV) had its price objective increased by equities research analysts at Mizuho from $55.00 to $60.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price objective suggests a potential upside of 39.69% from the stock’s current price.

Several other research firms have also recently commented on HGV. Barclays reiterated an “equal weight” rating and issued a $41.00 price target (down previously from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. The Goldman Sachs Group raised their price target on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Morgan Stanley assumed coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They issued an “overweight” rating and a $47.00 price target on the stock. Finally, JMP Securities reduced their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Hilton Grand Vacations has a consensus rating of “Hold” and a consensus target price of $45.13.

Hilton Grand Vacations Trading Up 1.1 %

HGV opened at $42.95 on Friday. The firm’s 50 day moving average is $40.59 and its 200-day moving average is $39.29. Hilton Grand Vacations has a 52-week low of $33.21 and a 52-week high of $48.65. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $4.23 billion, a P/E ratio of 48.81, a P/E/G ratio of 2.20 and a beta of 1.85.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Analysts expect that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Institutional Trading of Hilton Grand Vacations

Several institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank boosted its holdings in shares of Hilton Grand Vacations by 0.9% in the 4th quarter. Amalgamated Bank now owns 28,884 shares of the company’s stock valued at $1,125,000 after buying an additional 263 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Hilton Grand Vacations by 0.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company’s stock worth $1,585,000 after acquiring an additional 303 shares during the last quarter. Bank of Montreal Can boosted its stake in Hilton Grand Vacations by 5.1% in the fourth quarter. Bank of Montreal Can now owns 7,447 shares of the company’s stock valued at $290,000 after acquiring an additional 361 shares during the period. Blue Trust Inc. grew its holdings in shares of Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares during the last quarter. Finally, Reston Wealth Management LLC acquired a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth approximately $25,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.