Hilton Grand Vacations (NYSE:HGV) Given New $63.00 Price Target at Truist Financial

Hilton Grand Vacations (NYSE:HGV) had its price objective boosted by Truist Financial from $51.00 to $63.00 in a report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

HGV has been the topic of several other reports. Barclays increased their price target on Hilton Grand Vacations from $41.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. StockNews.com raised Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. JMP Securities decreased their target price on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a report on Wednesday, December 18th. Mizuho raised their target price on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group raised their target price on Hilton Grand Vacations from $37.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Hilton Grand Vacations has an average rating of “Hold” and a consensus target price of $47.25.

Hilton Grand Vacations Price Performance

NYSE HGV opened at $40.46 on Friday. The business’s fifty day moving average price is $40.73 and its 200-day moving average price is $39.48. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 2.20 and a beta of 1.84. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. Hilton Grand Vacations has a 1-year low of $33.21 and a 1-year high of $47.81.

Hilton Grand Vacations (NYSE:HGV) last released 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). The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. On average, equities analysts predict that Hilton Grand Vacations will post 3.39 earnings per share for the current year.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of institutional investors have recently bought and sold shares of HGV. Covestor Ltd increased its stake in Hilton Grand Vacations by 432.4% in the 4th quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $50,000 after buying an additional 1,042 shares in the last quarter. KBC Group NV increased its stake in Hilton Grand Vacations by 41.2% in the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock worth $119,000 after buying an additional 889 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of Hilton Grand Vacations during the fourth quarter valued at about $200,000. Crossmark Global Holdings Inc. purchased a new position in shares of Hilton Grand Vacations during the fourth quarter valued at about $204,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Hilton Grand Vacations in the fourth quarter worth about $232,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

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.