ILG Inc. (ILG) Coverage Initiated at Nomura

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.

TRADEMARK VIOLATION NOTICE: “ILG Inc. (ILG) Coverage Initiated at Nomura” was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://transcriptdaily.com/2017/10/08/ilg-inc-ilg-coverage-initiated-at-nomura.html.

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.

Analyst Recommendations for ILG (NASDAQ:ILG)

Receive News & Ratings for ILG Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ILG Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply