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

Hilton Grand Vacations (NYSE:HGV) had its target price decreased by stock analysts at Mizuho from $57.00 to $55.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price points to a potential upside of 25.74% from the company’s current price.

HGV has been the topic of a number of other research reports. JPMorgan Chase & Co. cut shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and cut their price target for the company from $55.00 to $36.00 in a research report on Friday, August 9th. Barclays raised their target price on Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Jefferies Financial Group lowered 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 note on Friday, August 9th. Truist Financial reduced 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. Finally, The Goldman Sachs Group began coverage on shares of Hilton Grand Vacations in a research report on Wednesday, September 18th. They set a “sell” rating and a $31.00 target price on the stock. 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.00.

Hilton Grand Vacations Stock Performance

Shares of Hilton Grand Vacations stock opened at $43.74 on Tuesday. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 49.71, a P/E/G ratio of 2.34 and a beta of 1.82. Hilton Grand Vacations has a twelve month low of $33.21 and a twelve month high of $49.02. The company’s fifty day moving average is $37.41 and its 200 day moving average is $39.36. 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 (NYSE:HGV) last released its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. Sell-side analysts forecast that Hilton Grand Vacations will post 3.49 EPS for the current year.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Reston Wealth Management LLC acquired a new position in shares of Hilton Grand Vacations during the third quarter valued at about $25,000. nVerses Capital LLC acquired a new position in Hilton Grand Vacations during the 2nd quarter valued at about $32,000. Blue Trust Inc. increased its holdings in Hilton Grand Vacations by 141.7% during the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after purchasing an additional 588 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Hilton Grand Vacations during the 2nd quarter worth approximately $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Hilton Grand Vacations in the second quarter worth approximately $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.