ILG Inc. (ILG) Rating Increased to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of ILG Inc. (NASDAQ:ILG) from a hold rating to a buy rating in a research note issued to investors on Wednesday, July 5th. They currently have $31.00 target price on the business services provider’s stock.
According to Zacks, “ILG, Inc. offers owners, members and guests benefits and services, as well as destinations through its portfolio of resorts and clubs. The company’s operating businesses include Aqua-Aston Hospitality, Hyatt Vacation Ownership, Interval International, Trading Places International, Vacation Resorts International, VRI Europe and Vistana Signature Experiences. ILG, Inc., formerly known as Interval Leisure Group Inc., is headquartered in Miami, Florida. “
A number of other research firms have also recently issued reports on ILG. Imperial Capital increased their target price on ILG from $22.00 to $30.00 and gave the stock an outperform rating in a research note on Tuesday, May 30th. CIBC increased their target price on ILG from $22.00 to $26.00 and gave the stock an outperform rating in a research note on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. reissued an outperform rating and set a $26.00 target price (up from $22.00) on shares of ILG in a research note on Friday, April 21st. Seven investment analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and a consensus price target of $27.00.
ILG (NASDAQ ILG) opened at 26.89 on Wednesday. The company’s 50 day moving average is $27.31 and its 200-day moving average is $22.59. ILG has a 52 week low of $15.94 and a 52 week high of $28.99. The firm has a market cap of $3.36 billion, a P/E ratio of 11.14 and a beta of 1.48.
ILG (NASDAQ:ILG) last announced its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $452 million for the quarter, compared to the consensus estimate of $446.32 million. ILG had a net margin of 17.63% and a return on equity of 11.66%. ILG’s revenue for the quarter was up 143.1% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. Equities analysts expect that ILG will post $1.15 earnings per share for the current year.
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Institutional investors have recently modified their holdings of the company. Aperio Group LLC boosted its position in shares of ILG by 25.5% in the second quarter. Aperio Group LLC now owns 55,307 shares of the business services provider’s stock valued at $1,520,000 after buying an additional 11,234 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of ILG by 2.0% in the second quarter. Nisa Investment Advisors LLC now owns 20,306 shares of the business services provider’s stock valued at $556,000 after buying an additional 400 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of ILG by 78.5% in the second quarter. State of Alaska Department of Revenue now owns 20,939 shares of the business services provider’s stock valued at $575,000 after buying an additional 9,209 shares in the last quarter. Creative Planning boosted its position in shares of ILG by 6.3% in the second quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock valued at $146,000 after buying an additional 316 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in shares of ILG by 8.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 29,950 shares of the business services provider’s stock valued at $823,000 after buying an additional 2,265 shares in the last quarter. 82.72% of the stock is owned by institutional investors.
ILG Company Profile
ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.
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