ILG Inc. (ILG) Lifted 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 report report published on Tuesday morning. The brokerage currently has $29.00 price target 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. “
Separately, Imperial Capital boosted their price target on ILG from $22.00 to $30.00 and gave the company an outperform rating in a report on Tuesday, May 30th. Seven equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and an average price target of $26.67.
ILG (ILG) opened at 26.40 on Tuesday. The stock’s 50 day moving average price is $26.54 and its 200-day moving average price is $24.22. ILG has a one year low of $15.94 and a one year high of $28.99. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 25.41 and a beta of 1.47.
ILG (NASDAQ:ILG) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $450 million for the quarter, compared to analyst estimates of $432.86 million. ILG had a return on equity of 11.41% and a net margin of 7.32%. ILG’s revenue for the quarter was up 51.5% on a year-over-year basis. Analysts forecast that ILG will post $1.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Tuesday, September 5th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, August 31st. ILG’s dividend payout ratio is currently 57.69%.
Several hedge funds have recently added to or reduced their stakes in ILG. USA Financial Portformulas Corp bought a new stake in ILG during the second quarter worth about $379,000. Piedmont Investment Advisors LLC increased its stake in ILG by 13.0% in the second quarter. Piedmont Investment Advisors LLC now owns 88,188 shares of the business services provider’s stock worth $2,424,000 after buying an additional 10,177 shares in the last quarter. Nomura Holdings Inc. bought a new stake in ILG during the second quarter worth about $9,956,000. BlueCrest Capital Management Ltd bought a new stake in ILG during the second quarter worth about $419,000. Finally, State Street Corp increased its stake in ILG by 2.0% in the second quarter. State Street Corp now owns 2,774,726 shares of the business services provider’s stock worth $76,278,000 after buying an additional 53,621 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for ILG Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ILG Inc. and related stocks with our FREE daily email newsletter.