Hilton Grand Vacations (NYSE:HGV) Given New $71.00 Price Target at Truist Financial

Hilton Grand Vacations (NYSE:HGV) had its price target upped by stock analysts at Truist Financial from $67.00 to $71.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 51.45% from the stock’s current price.

HGV has been the topic of several other research reports. Wells Fargo & Company lowered their price target on shares of Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Weiss Ratings raised shares of Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 17th. Barclays boosted their target price on shares of Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Morgan Stanley upped their target price on shares of Hilton Grand Vacations from $49.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. Finally, Citizens Jmp upped their target price on shares of Hilton Grand Vacations from $50.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $55.22.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV traded up $2.02 during trading on Monday, reaching $46.88. 234,376 shares of the company traded hands, compared to its average volume of 791,954. The firm has a 50 day simple moving average of $43.93 and a 200-day simple moving average of $44.11. The company has a quick ratio of 2.64, a current ratio of 4.33 and a debt-to-equity ratio of 5.41. The stock has a market capitalization of $3.74 billion, a PE ratio of 25.09, a P/E/G ratio of 0.67 and a beta of 1.49. Hilton Grand Vacations has a 52-week low of $36.79 and a 52-week high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.43. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 earnings per share. Equities research analysts anticipate that Hilton Grand Vacations will post 3.03 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Bard Associates Inc. purchased a new position in Hilton Grand Vacations in the 4th quarter worth about $29,000. EverSource Wealth Advisors LLC grew its holdings in Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after acquiring an additional 565 shares in the last quarter. Leonteq Securities AG grew its holdings in Hilton Grand Vacations by 189.7% during the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after acquiring an additional 440 shares in the last quarter. GAMMA Investing LLC grew its holdings in Hilton Grand Vacations by 60.6% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after acquiring an additional 349 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Hilton Grand Vacations during the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.