ILG Inc. (ILG) Receives Average Recommendation of “Buy” from Brokerages
Shares of ILG Inc. (NASDAQ:ILG) have been given a consensus rating of “Buy” by the seven brokerages that are covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued a report on the stock in the last year is $26.67.
ILG has been the subject of a number of recent research reports. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $26.00 price objective (up previously from $22.00) on shares of ILG in a research note on Friday, April 21st. CIBC increased their price objective on shares of ILG from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, April 24th. Zacks Investment Research upgraded shares of ILG from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Finally, Imperial Capital increased their price objective on shares of ILG from $22.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, May 30th.
Several large investors have recently bought and sold shares of ILG. Bank of Montreal Can raised its stake in ILG by 1.5% in the first quarter. Bank of Montreal Can now owns 137,653 shares of the business services provider’s stock valued at $2,885,000 after buying an additional 1,991 shares during the last quarter. Swiss National Bank raised its stake in ILG by 6.1% in the first quarter. Swiss National Bank now owns 198,087 shares of the business services provider’s stock valued at $4,152,000 after buying an additional 11,400 shares during the last quarter. First National Bank of Omaha raised its stake in ILG by 37.3% in the first quarter. First National Bank of Omaha now owns 66,730 shares of the business services provider’s stock valued at $1,399,000 after buying an additional 18,122 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in ILG during the fourth quarter valued at $716,000. Finally, Corsair Capital Management L.P. purchased a new stake in ILG during the first quarter valued at $27,464,000. 81.97% of the stock is currently owned by institutional investors and hedge funds.
ILG (NASDAQ:ILG) traded down 0.31% on Friday, hitting $25.89. 1,026,011 shares of the stock traded hands. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 10.72 and a beta of 1.47. The stock has a 50-day moving average of $27.30 and a 200-day moving average of $23.20. ILG has a 12-month low of $15.94 and a 12-month high of $28.99.
ILG (NASDAQ:ILG) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. ILG had a net margin of 7.32% and a return on equity of 11.41%. The company had revenue of $450 million during the quarter, compared to analysts’ expectations of $432.86 million. The business’s quarterly revenue was up 51.5% on a year-over-year basis. Analysts forecast that ILG will post $1.19 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Thursday, August 31st. ILG’s dividend payout ratio is 57.69%.
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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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