Hilton Grand Vacations (NYSE:HGV) Price Target Raised to $60.00 at Mizuho

Hilton Grand Vacations (NYSE:HGV - Free Report) had its price objective lifted by Mizuho from $55.00 to $60.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other research firms have also recently issued reports on HGV. Truist Financial cut their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a "buy" rating for the company in a research report on Tuesday, November 26th. The Goldman Sachs Group raised their price objective on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a "sell" rating in a research report on Tuesday, December 10th. JMP Securities lowered their target price on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating for the company in a research note on Wednesday, December 18th. StockNews.com raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Barclays reaffirmed an "equal weight" rating and set a $41.00 target price (down previously from $44.00) on shares of Hilton Grand Vacations in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $45.13.

Hilton Grand Vacations Price Performance

Shares of NYSE HGV traded down $0.45 during mid-day trading on Friday, reaching $42.45. The company's stock had a trading volume of 1,214,292 shares, compared to its average volume of 805,917. The stock has a 50-day moving average of $40.65 and a two-hundred day moving average of $39.37. The stock has a market capitalization of $4.18 billion, a P/E ratio of 48.24, a P/E/G ratio of 2.20 and a beta of 1.85. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. Hilton Grand Vacations has a 1-year low of $33.21 and a 1-year high of $47.81.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.40). The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. On average, equities research analysts anticipate that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HGV. Creative Planning boosted its stake in shares of Hilton Grand Vacations by 17.1% in the third quarter. Creative Planning now owns 15,381 shares of the company's stock valued at $559,000 after purchasing an additional 2,245 shares during the period. Blue Trust Inc. boosted its stake in shares of Hilton Grand Vacations by 141.7% in the third quarter. Blue Trust Inc. now owns 1,003 shares of the company's stock valued at $36,000 after purchasing an additional 588 shares during the period. Reston Wealth Management LLC purchased a new position in shares of Hilton Grand Vacations in the third quarter valued at approximately $25,000. Olympiad Research LP purchased a new position in shares of Hilton Grand Vacations in the third quarter valued at approximately $576,000. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Hilton Grand Vacations by 13.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 51,885 shares of the company's stock valued at $1,884,000 after purchasing an additional 6,245 shares during the period. Hedge funds and other institutional investors own 97.23% of the company's stock.

About Hilton Grand Vacations

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.