BidaskClub Lowers ILG Inc. (ILG) to Hold

BidaskClub lowered shares of ILG Inc. (NASDAQ:ILG) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

A number of other research firms have also weighed in on ILG. Instinet started coverage on shares of ILG in a report on Friday, October 6th. They set a buy rating and a $35.00 target price on the stock. Oppenheimer Holdings, Inc. boosted their target price on shares of ILG from $29.00 to $32.00 and gave the stock an outperform rating in a report on Wednesday, November 8th. Nomura boosted their target price on shares of ILG from $35.00 to $38.00 and gave the stock a buy rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of ILG from a hold rating to a buy rating and set a $29.00 target price on the stock in a report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $30.50.

Shares of ILG (NASDAQ ILG) opened at $29.11 on Friday. ILG has a 1-year low of $17.56 and a 1-year high of $30.70. The company has a current ratio of 1.75, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. The firm has a market cap of $3,526.68, a P/E ratio of 21.06 and a beta of 1.53.

ILG (NASDAQ:ILG) last posted its earnings results on Tuesday, November 7th. The business services provider reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). ILG had a return on equity of 10.46% and a net margin of 7.04%. The business had revenue of $446.00 million for the quarter, compared to the consensus estimate of $429.56 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The company’s revenue was up 6.7% compared to the same quarter last year. equities analysts predict that ILG will post 1.15 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, December 5th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.06%. ILG’s dividend payout ratio (DPR) is currently 58.82%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP acquired a new position in shares of ILG in the 3rd quarter worth approximately $933,000. Senvest Management LLC lifted its position in shares of ILG by 6.2% in the 3rd quarter. Senvest Management LLC now owns 688,448 shares of the business services provider’s stock worth $18,402,000 after purchasing an additional 40,000 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of ILG by 4.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,624,637 shares of the business services provider’s stock worth $150,348,000 after purchasing an additional 241,331 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of ILG by 3.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 575,171 shares of the business services provider’s stock worth $15,375,000 after purchasing an additional 16,788 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of ILG in the 3rd quarter worth approximately $338,000. Hedge funds and other institutional investors own 80.86% of the company’s stock.

ILG Company Profile

ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.

Analyst Recommendations for ILG (NASDAQ:ILG)

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