Hilton Grand Vacations (NYSE:HGV) Stock Price Expected to Rise, Truist Financial Analyst Says

Hilton Grand Vacations (NYSE:HGV) had its price target hoisted by stock analysts at Truist Financial from $51.00 to $63.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 55.70% from the company’s previous close.

Other research analysts have also issued research reports about the company. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Mizuho lifted their target price on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. The Goldman Sachs Group raised their price target on Hilton Grand Vacations from $37.00 to $42.00 and gave the stock a “sell” rating in a research note on Tuesday, March 4th. Morgan Stanley started coverage on Hilton Grand Vacations in a research note on Monday, January 6th. They issued an “overweight” rating and a $47.00 price target on the stock. Finally, JMP Securities lowered their target price on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of “Hold” and an average target price of $47.25.

Hilton Grand Vacations Trading Down 0.0 %

NYSE HGV opened at $40.46 on Friday. Hilton Grand Vacations has a fifty-two week low of $33.21 and a fifty-two week high of $47.81. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The stock has a 50 day simple moving average of $40.73 and a two-hundred day simple moving average of $39.46. The stock has a market cap of $3.86 billion, a P/E ratio of 45.98, a price-to-earnings-growth ratio of 2.20 and a beta of 1.84.

Hilton Grand Vacations (NYSE:HGV) last announced its 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 during the quarter, compared to the consensus estimate of $1.28 billion. On average, analysts forecast that Hilton Grand Vacations will post 3.39 earnings per share for the current year.

Institutional Investors Weigh In On Hilton Grand Vacations

Several large investors have recently made changes to their positions in the company. Amalgamated Bank increased its holdings in shares of Hilton Grand Vacations by 0.9% in the fourth quarter. Amalgamated Bank now owns 28,884 shares of the company’s stock worth $1,125,000 after purchasing an additional 263 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hilton Grand Vacations by 0.8% during 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 increased its stake in Hilton Grand Vacations by 5.1% during the fourth quarter. Bank of Montreal Can now owns 7,447 shares of the company’s stock worth $290,000 after acquiring an additional 361 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Hilton Grand Vacations by 7.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,141 shares of the company’s stock worth $512,000 after acquiring an additional 869 shares during the last quarter. Finally, KBC Group NV increased its stake in Hilton Grand Vacations by 41.2% during the fourth quarter. KBC Group NV now owns 3,046 shares of the company’s stock worth $119,000 after acquiring an additional 889 shares during the last quarter. 97.23% of the stock is owned by institutional investors.

About Hilton Grand Vacations

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.