Equities research analysts at Nomura started coverage on shares of ILG Inc. (NASDAQ:ILG) in a report released on Friday. The brokerage set a “buy” rating and a $35.00 price target on the business services provider’s stock. Nomura’s price objective would indicate a potential upside of 19.86% from the company’s current price.
Several other analysts also recently weighed in on ILG. Zacks Investment Research raised ILG from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Wednesday, July 5th. BidaskClub raised ILG from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $29.29.
Shares of ILG (NASDAQ:ILG) opened at 29.19 on Friday. The stock’s 50 day moving average price is $26.46 and its 200 day moving average price is $25.59. ILG has a 1-year low of $15.94 and a 1-year high of $29.85. The stock has a market cap of $3.65 billion, a PE ratio of 28.09 and a beta of 1.48.
ILG (NASDAQ:ILG) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. ILG had a return on equity of 11.41% and a net margin of 7.32%. The business had revenue of $450.00 million during the quarter, compared to analyst estimates of $432.86 million. The business’s quarterly revenue was up 51.5% compared to the same quarter last year. On average, equities research analysts anticipate that ILG will post $1.18 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently bought and sold shares of the company. Eaton Vance Management raised its stake in shares of ILG by 0.7% in the 2nd quarter. Eaton Vance Management now owns 10,172 shares of the business services provider’s stock worth $280,000 after buying an additional 67 shares in the last quarter. Alps Advisors Inc. raised its stake in shares of ILG by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 26,025 shares of the business services provider’s stock worth $715,000 after buying an additional 68 shares in the last quarter. Creative Planning raised its stake in shares of ILG by 6.3% in the 2nd quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock worth $146,000 after buying an additional 316 shares in the last quarter. Advisors Preferred LLC raised its stake in shares of ILG by 1.8% in the 2nd quarter. Advisors Preferred LLC now owns 17,970 shares of the business services provider’s stock worth $493,000 after buying an additional 317 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of ILG by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 100,018 shares of the business services provider’s stock worth $2,749,000 after buying an additional 354 shares in the last quarter. 81.28% of the stock is currently owned by institutional investors.
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.
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