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

Hilton Grand Vacations (NYSE:HGV) had its price target lifted by Mizuho from $55.00 to $60.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

HGV has been the topic of a number of other reports. Barclays reaffirmed an “equal weight” rating and set a $41.00 price target (down from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. JMP Securities lowered their price target on shares of 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. 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 target price on the stock. The Goldman Sachs Group raised their target price on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Finally, Truist Financial decreased their target price on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of “Hold” and an average target price of $45.13.

Hilton Grand Vacations Price Performance

NYSE:HGV opened at $42.95 on Friday. Hilton Grand Vacations has a 52 week low of $33.21 and a 52 week high of $48.65. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 48.81, a P/E/G ratio of 2.20 and a beta of 1.85. The firm’s 50-day simple moving average is $40.59 and its 200 day simple moving average is $39.27. 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 results on Thursday, February 27th. The company reported $0.49 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 the consensus estimate of $1.28 billion. As a group, sell-side analysts predict that Hilton Grand Vacations will post 3.39 earnings per share for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

Several hedge funds have recently bought and sold shares of HGV. Creative Planning boosted its stake in shares of Hilton Grand Vacations by 17.1% in the 3rd quarter. Creative Planning now owns 15,381 shares of the company’s stock valued at $559,000 after purchasing an additional 2,245 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of 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 purchasing an additional 588 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at approximately $25,000. Olympiad Research LP acquired a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at approximately $576,000. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Hilton Grand Vacations by 13.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 51,885 shares of the company’s stock valued at $1,884,000 after purchasing an additional 6,245 shares in 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.