Hilton Grand Vacations (NYSE:HGV) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Hilton Grand Vacations (NYSE:HGV) from a sell rating to a hold rating in a research note released on Saturday morning.

HGV has been the topic of several other reports. Mizuho upped their target price on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday. Truist Financial cut their price target on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. JMP Securities cut their price target 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. The Goldman Sachs Group increased their price target on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley initiated coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They set an “overweight” rating and a $47.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hilton Grand Vacations has an average rating of “Hold” and a consensus target price of $45.13.

Hilton Grand Vacations Stock Performance

Shares of HGV stock opened at $42.95 on Friday. The business’s fifty day simple moving average is $40.59 and its 200-day simple moving average is $39.29. The company has a market cap of $4.23 billion, a PE ratio of 48.81, a PEG ratio of 2.20 and a beta of 1.85. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations has a 12-month low of $33.21 and a 12-month high of $48.65.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Analysts expect that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds have recently bought and sold shares of HGV. Reston Wealth Management LLC acquired a new stake in Hilton Grand Vacations in the 3rd quarter valued at about $25,000. Blue Trust Inc. raised its holdings in Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after acquiring an additional 588 shares during the last quarter. Covestor Ltd raised its holdings in Hilton Grand Vacations by 432.4% in the 4th quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $50,000 after acquiring an additional 1,042 shares during the last quarter. KBC Group NV raised its holdings in Hilton Grand Vacations by 41.2% in the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after acquiring an additional 889 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in Hilton Grand Vacations in the 4th quarter valued at about $200,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

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.