Zacks Investment Research upgraded shares of ILG (NASDAQ:ILG) from a hold rating to a buy rating in a report issued on Wednesday morning. Zacks Investment Research currently has $32.00 price objective on the business services provider’s stock.
According to Zacks, “ILG, Inc. offers owners, members and guests benefits and services, as well as destinations through its portfolio of resorts and clubs. The company’s operating businesses include Aqua-Aston Hospitality, Hyatt Vacation Ownership, Interval International, Trading Places International, Vacation Resorts International, VRI Europe and Vistana Signature Experiences. ILG, Inc., formerly known as Interval Leisure Group Inc., is headquartered in Miami, Florida. “
Several other brokerages have also recently issued reports on ILG. Instinet started coverage on ILG in a research note on Friday, October 6th. They set a buy rating and a $35.00 price objective on the stock. Oppenheimer raised their price objective on ILG from $29.00 to $32.00 and gave the stock an outperform rating in a research note on Wednesday, November 8th. SunTrust Banks restated a buy rating and set a $30.00 price objective on shares of ILG in a research note on Friday, November 10th. Nomura raised their price objective on ILG from $35.00 to $38.00 and gave the stock a buy rating in a research note on Wednesday, November 8th. Finally, ValuEngine upgraded ILG from a hold rating to a buy rating in a research note on Sunday, December 31st. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $30.88.
ILG (ILG) traded down $0.10 during mid-day trading on Wednesday, hitting $29.19. 862,100 shares of the stock were exchanged, compared to its average volume of 886,333. ILG has a twelve month low of $17.56 and a twelve month high of $30.70. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.75 and a quick ratio of 1.07. The firm has a market capitalization of $3,550.00, a P/E ratio of 28.90 and a beta of 1.49.
ILG (NASDAQ:ILG) last released its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). ILG had a return on equity of 10.46% and a net margin of 7.04%. The company had revenue of $446.00 million for the quarter, compared to analyst estimates of $429.56 million. During the same period in the previous year, the business posted $0.39 EPS. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. research analysts forecast that ILG will post 1.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Tuesday, December 5th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Monday, December 4th. ILG’s payout ratio is 59.41%.
Hedge funds have recently bought and sold shares of the business. Huntington National Bank bought a new stake in ILG in the third quarter valued at $128,000. Advisor Group Inc. lifted its stake in ILG by 28.0% in the second quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock valued at $137,000 after buying an additional 1,119 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in ILG by 11.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock valued at $147,000 after buying an additional 550 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in ILG in the third quarter valued at $215,000. Finally, LS Investment Advisors LLC lifted its stake in ILG by 118.4% in the third quarter. LS Investment Advisors LLC now owns 8,433 shares of the business services provider’s stock valued at $225,000 after buying an additional 4,572 shares during the last quarter. Institutional investors own 80.27% of the company’s stock.
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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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