Mizuho Issues Pessimistic Forecast for Hilton Grand Vacations (NYSE:HGV) Stock Price

Hilton Grand Vacations (NYSE:HGV - Free Report) had its price objective lowered by Mizuho from $57.00 to $55.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages also recently weighed in on HGV. Truist Financial cut their price target on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Jefferies Financial Group cut 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 report on Friday, August 9th. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $55.00 to $36.00 in a research report on Friday, August 9th. Barclays lifted their price target on Hilton Grand Vacations from $40.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, The Goldman Sachs Group initiated coverage on shares of Hilton Grand Vacations in a report on Wednesday, September 18th. They issued a "sell" rating and a $31.00 target price for the company. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $44.00.

Hilton Grand Vacations Stock Performance

Shares of NYSE:HGV traded up $0.77 on Tuesday, hitting $43.19. The company's stock had a trading volume of 837,468 shares, compared to its average volume of 777,459. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 48.19, a price-to-earnings-growth ratio of 2.27 and a beta of 1.82. The company has a debt-to-equity ratio of 3.32, a quick ratio of 2.97 and a current ratio of 4.36. Hilton Grand Vacations has a 12 month low of $33.16 and a 12 month high of $49.02. The stock's 50-day moving average is $37.30 and its two-hundred day moving average is $39.37.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.03). The company 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%. Hilton Grand Vacations's revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. On average, equities research analysts forecast that Hilton Grand Vacations will post 3.49 EPS for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

Several hedge funds have recently bought and sold shares of the business. Reston Wealth Management LLC bought a new stake in shares of Hilton Grand Vacations during the 3rd quarter worth $25,000. nVerses Capital LLC bought a new position in shares of Hilton Grand Vacations in the second quarter worth about $32,000. Blue Trust Inc. lifted its position in shares of 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 during the last quarter. Canada Pension Plan Investment Board bought a new stake in Hilton Grand Vacations during the 2nd quarter valued at approximately $93,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Hilton Grand Vacations in the 2nd quarter valued at approximately $120,000. 97.23% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Company Profile

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.