Mizuho Lowers Hilton Grand Vacations (NYSE:HGV) Price Target to $55.00

Hilton Grand Vacations (NYSE:HGV) had its target price cut by Mizuho from $57.00 to $55.00 in a research note published on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

HGV has been the topic of a number of other research reports. The Goldman Sachs Group started coverage on Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 price target on the stock. Truist Financial cut their price objective on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Jefferies Financial Group downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and dropped their price target for the company from $55.00 to $35.00 in a research report on Friday, August 9th. Barclays boosted their target price on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $36.00 in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Hilton Grand Vacations presently has an average rating of “Hold” and an average price target of $44.00.

Hilton Grand Vacations Price Performance

Hilton Grand Vacations stock opened at $42.87 on Tuesday. The firm has a market capitalization of $4.22 billion, a P/E ratio of 48.72, a PEG ratio of 2.37 and a beta of 1.82. The firm has a fifty day moving average of $37.53 and a 200-day moving average of $39.39. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations has a 52-week low of $33.21 and a 52-week high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The business’s revenue was up 28.3% compared to the same quarter last year. As a group, analysts predict that Hilton Grand Vacations will post 3.49 EPS for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

Institutional investors and hedge funds have recently made changes to their positions in the business. Reston Wealth Management LLC bought a new stake in Hilton Grand Vacations in the 3rd quarter worth $25,000. nVerses Capital LLC bought a new position in Hilton Grand Vacations during the second quarter valued at approximately $32,000. Blue Trust Inc. increased its holdings in Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after buying an additional 588 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Hilton Grand Vacations during the second quarter valued at approximately $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hilton Grand Vacations in the second quarter worth $120,000. Institutional investors own 97.23% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.