Morgan Stanley Lowers Hilton Grand Vacations (NYSE:HGV) Price Target to $38.00

Hilton Grand Vacations (NYSE:HGV) had its price objective decreased by stock analysts at Morgan Stanley from $46.00 to $38.00 in a report released on Tuesday, MarketBeat Ratings reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 12.73% from the stock’s previous close.

Several other research firms also recently weighed in on HGV. Truist Financial lifted their price target on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Mizuho increased their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, February 28th. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Barclays increased their target price on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group reduced their price target on shares of Hilton Grand Vacations from $42.00 to $30.00 and set a “sell” rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of “Hold” and an average target price of $44.63.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV opened at $33.71 on Tuesday. The firm’s fifty day moving average is $37.29 and its two-hundred day moving average is $39.02. Hilton Grand Vacations has a 52-week low of $30.59 and a 52-week high of $45.48. The company has a market cap of $3.19 billion, a P/E ratio of 38.31, a P/E/G ratio of 2.20 and a beta of 1.68. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83.

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

Institutional Investors Weigh In On Hilton Grand Vacations

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HGV. Amalgamated Bank lifted its position in Hilton Grand Vacations by 0.9% in the fourth 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Hilton Grand Vacations by 0.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company’s stock valued at $1,585,000 after acquiring an additional 303 shares during the period. Bank of Montreal Can lifted its holdings in shares of Hilton Grand Vacations by 5.1% in the 4th 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. Fifth Third Bancorp boosted its position in shares of Hilton Grand Vacations by 8.8% during the 1st quarter. Fifth Third Bancorp now owns 4,489 shares of the company’s stock worth $168,000 after purchasing an additional 364 shares during the period. Finally, UMB Bank n.a. increased its holdings in Hilton Grand Vacations by 106.8% in the 1st quarter. UMB Bank n.a. now owns 1,065 shares of the company’s stock valued at $40,000 after purchasing an additional 550 shares during the last quarter. Hedge funds and other 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.