Morgan Stanley Issues Positive Forecast for Hilton Grand Vacations (NYSE:HGV) Stock Price

Hilton Grand Vacations (NYSE:HGV) had its price objective upped by Morgan Stanley from $49.00 to $55.00 in a research report sent to investors on Friday, MarketBeat.com reports. The brokerage currently has an equal weight rating on the stock.

A number of other research firms have also recently commented on HGV. Jefferies Financial Group increased their target price on Hilton Grand Vacations from $46.00 to $50.00 and gave the company a “hold” rating in a research note on Monday, March 2nd. Citizens Jmp increased their target price on Hilton Grand Vacations from $50.00 to $55.00 and gave the company a “market outperform” rating in a research note on Monday, March 9th. Barclays cut their price target on shares of Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating for the company in a research report on Monday, March 2nd. The Goldman Sachs Group restated a “sell” rating and set a $40.00 price target on shares of Hilton Grand Vacations in a research report on Thursday, February 26th. Finally, Mizuho cut their price target on shares of Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.00.

Hilton Grand Vacations Stock Down 0.5%

HGV opened at $44.94 on Friday. The stock has a market cap of $3.65 billion, a PE ratio of 49.38, a P/E/G ratio of 0.62 and a beta of 1.49. The company has a quick ratio of 3.17, a current ratio of 5.20 and a debt-to-equity ratio of 5.04. Hilton Grand Vacations has a 52 week low of $31.94 and a 52 week high of $52.08. The business’s fifty day simple moving average is $43.87 and its 200 day simple moving average is $43.56.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, February 26th. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.17). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a net margin of 1.60% and a return on equity of 11.90%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. As a group, research analysts expect that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

Institutional Trading of Hilton Grand Vacations

Institutional investors have recently added to or reduced their stakes in the business. Bard Associates Inc. purchased a new stake in Hilton Grand Vacations during the fourth quarter valued at about $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after purchasing an additional 565 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Hilton Grand Vacations by 60.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after purchasing an additional 349 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Hilton Grand Vacations during the fourth quarter worth about $44,000. Finally, Quarry LP purchased a new stake in shares of Hilton Grand Vacations during the third quarter worth about $44,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.