Nomura Reaffirms “Buy” Rating for Hilton Grand Vacations Inc (HGV)

Hilton Grand Vacations Inc (NYSE:HGV)‘s stock had its “buy” rating reaffirmed by research analysts at Nomura in a report issued on Friday, May 5th. They currently have a $43.00 target price on the stock. Nomura’s price objective would indicate a potential upside of 19.98% from the company’s current price.

Other analysts have also issued reports about the company. Instinet reaffirmed a “buy” rating and issued a $32.00 target price on shares of Hilton Grand Vacations in a research report on Friday, January 6th. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $38.00 target price on shares of Hilton Grand Vacations in a research report on Thursday, April 20th. Goldman Sachs Group Inc began coverage on Hilton Grand Vacations in a research report on Thursday, January 5th. They issued a “neutral” rating and a $29.00 target price for the company. JPMorgan Chase & Co. began coverage on Hilton Grand Vacations in a research report on Wednesday, April 12th. They issued an “overweight” rating and a $37.00 target price for the company. Finally, Zacks Investment Research lowered Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Eight analysts have rated the stock with a buy rating, Hilton Grand Vacations presently has an average rating of “Buy” and an average price target of $36.63.

Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Wednesday, March 1st. The company reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The firm had revenue of $415 million during the quarter, compared to analysts’ expectations of $397.58 million. Hilton Grand Vacations’s revenue for the quarter was up 8.9% compared to the same quarter last year.

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In related news, insider Mark D. Wang purchased 28,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of $36.08 per share, for a total transaction of $1,010,240.00. Following the purchase, the insider now owns 312,325 shares of the company’s stock, valued at $11,268,686. The transaction was disclosed in a filing with the SEC, which is available at this link.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.

12 Month Chart for NYSE:HGV

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