Morgan Stanley Has Lowered Expectations for Hilton Grand Vacations (NYSE:HGV) Stock Price

Hilton Grand Vacations (NYSE:HGV) had its target price lowered by equities researchers at Morgan Stanley from $46.00 to $38.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 14.04% from the company’s previous close.

Several other analysts have also issued reports on the stock. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Truist Financial raised their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Mizuho increased their target price on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. Barclays increased their price objective on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group dropped their target price on shares of Hilton Grand Vacations from $42.00 to $30.00 and set a “sell” rating for the company in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $44.63.

Hilton Grand Vacations Trading Up 1.2 %

Hilton Grand Vacations stock opened at $33.32 on Tuesday. Hilton Grand Vacations has a 12 month low of $30.59 and a 12 month high of $45.48. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 2.20 and a beta of 1.68. The business’s fifty day simple moving average is $37.64 and its two-hundred day simple moving average is $39.09. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.40). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, equities analysts predict that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC lifted its holdings in shares of Hilton Grand Vacations by 330.8% in the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after acquiring an additional 188,997 shares during the last quarter. Franklin Resources Inc. lifted its stake in Hilton Grand Vacations by 17.8% during the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock worth $117,402,000 after acquiring an additional 499,067 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Hilton Grand Vacations by 38,000.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 9,525 shares of the company’s stock valued at $371,000 after acquiring an additional 9,500 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Hilton Grand Vacations during the fourth quarter worth about $204,000. Finally, PB Investment Partners L.P. grew its holdings in shares of Hilton Grand Vacations by 5.9% in the fourth quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock valued at $22,257,000 after purchasing an additional 31,939 shares in the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Company Profile

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.