Hilton Grand Vacations Inc. (HGV) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of Hilton Grand Vacations Inc. (NYSE:HGV) from a hold rating to a buy rating in a report issued on Wednesday, May 24th. They currently have $41.00 price target on the stock.
According to Zacks, “Hilton Grand Vacations Company, LLC, a division of Hilton Worldwide, is engaged in hospitality business. It markets and operates vacation ownership resorts. The company also manages and serves club membership programs which include Hilton Grand Vacations Club(R) and The Hilton Club(R). It operates primarily in USA, Indonesia, Italy, Mexico, New Zealand, Portugal, Scotland and Thailand. Hilton Grand Vacations Company, LLC is headquartered in Orlando, Florida. “
Several other brokerages have also commented on HGV. Nomura reissued a buy rating and set a $43.00 price target on shares of Hilton Grand Vacations in a research note on Friday, May 5th. J P Morgan Chase & Co began coverage on Hilton Grand Vacations in a research note on Wednesday, April 12th. They set an overweight rating and a $37.00 price target on the stock. Instinet boosted their price target on Hilton Grand Vacations from $32.00 to $36.00 and gave the stock a buy rating in a research note on Thursday, March 2nd. Finally, Janney Montgomery Scott reissued a buy rating and set a $38.00 price target on shares of Hilton Grand Vacations in a research note on Thursday, April 20th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $36.63.
Hilton Grand Vacations (HGV) traded up 1.67% on Wednesday, reaching $36.60. The company had a trading volume of 1,600,098 shares. The stock’s 50 day moving average is $35.51 and its 200-day moving average is $31.12. The stock has a market capitalization of $3.62 billion and a P/E ratio of 21.32. Hilton Grand Vacations has a 1-year low of $24.60 and a 1-year high of $37.36.
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In related news, insider Mark D. Wang bought 28,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average price of $36.08 per share, with a total value of $1,010,240.00. Following the purchase, the insider now owns 312,325 shares in the company, valued at $11,268,686. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.
Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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