Hilton Grand Vacations (NYSE:HGV) Given New $60.00 Price Target at Mizuho

Hilton Grand Vacations (NYSE:HGV) had its price target boosted by analysts at Mizuho from $55.00 to $60.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective indicates a potential upside of 39.69% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Morgan Stanley started coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They issued an “overweight” rating and a $47.00 price objective for the company. The Goldman Sachs Group boosted 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. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Truist Financial dropped their target price on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. Finally, JMP Securities decreased their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.13.

Hilton Grand Vacations Stock Performance

HGV opened at $42.95 on Friday. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The business’s 50 day moving average is $40.59 and its 200-day moving average is $39.29. The stock has a market cap of $4.23 billion, a PE ratio of 48.81, a price-to-earnings-growth ratio of 2.20 and a beta of 1.85. Hilton Grand Vacations has a twelve month low of $33.21 and a twelve month high of $48.65.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HGV. Franklin Resources Inc. boosted its stake in shares of Hilton Grand Vacations by 17.8% during the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock worth $117,402,000 after acquiring an additional 499,067 shares in the last quarter. Barclays PLC lifted its holdings in shares of Hilton Grand Vacations by 330.8% during the third quarter. Barclays PLC now owns 246,131 shares of the company’s stock valued at $8,941,000 after purchasing an additional 188,997 shares during the last quarter. Barnett & Company Inc. acquired a new position in shares of Hilton Grand Vacations in the 3rd quarter valued at $1,190,000. PB Investment Partners L.P. increased its stake in Hilton Grand Vacations by 5.9% in the 4th quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock worth $22,257,000 after purchasing an additional 31,939 shares in the last quarter. Finally, Covey Capital Advisors LLC raised its holdings in Hilton Grand Vacations by 368.8% during the 3rd quarter. Covey Capital Advisors LLC now owns 49,148 shares of the company’s stock worth $1,785,000 after buying an additional 38,664 shares during the period. Institutional investors and hedge funds 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.