Barclays Forecasts Strong Price Appreciation for Hilton Grand Vacations (NYSE:HGV) Stock

Hilton Grand Vacations (NYSE:HGV) had its price objective raised by research analysts at Barclays from $41.00 to $45.00 in a report released on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 4.77% from the company’s previous close.

Other research analysts have also issued research reports about the company. JMP Securities reduced their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research note on Wednesday, December 18th. The Goldman Sachs Group increased their target price on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Mizuho raised their price objective on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Morgan Stanley assumed coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They issued an “overweight” rating and a $47.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of “Hold” and an average price target of $45.13.

Hilton Grand Vacations Stock Performance

HGV opened at $42.95 on Friday. The stock has a market cap of $4.23 billion, a P/E ratio of 48.81, a P/E/G ratio of 2.20 and a beta of 1.85. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The stock’s 50 day simple moving average is $40.59 and its 200 day simple moving average is $39.29. Hilton Grand Vacations has a 1-year low of $33.21 and a 1-year high of $48.65.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. As a group, equities analysts anticipate that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Hilton Grand Vacations

Hedge funds have recently bought and sold shares of the company. Reston Wealth Management LLC acquired a new position in Hilton Grand Vacations in the third quarter valued at approximately $25,000. Blue Trust Inc. boosted its stake in Hilton Grand Vacations by 141.7% in the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock valued at $36,000 after acquiring an additional 588 shares during the period. Covestor Ltd boosted its stake in Hilton Grand Vacations by 432.4% in the fourth quarter. Covestor Ltd now owns 1,283 shares of the company’s stock valued at $50,000 after acquiring an additional 1,042 shares during the period. KBC Group NV boosted its stake in Hilton Grand Vacations by 41.2% in the fourth quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after acquiring an additional 889 shares during the period. Finally, Aigen Investment Management LP bought a new stake in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $200,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

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.