Truist Financial Boosts Hilton Grand Vacations (NYSE:HGV) Price Target to $63.00

Hilton Grand Vacations (NYSE:HGV - Get Free Report) had its price objective hoisted by analysts at Truist Financial from $51.00 to $63.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's target price suggests a potential upside of 55.70% from the company's current price.

Several other research analysts have also recently weighed in on HGV. The Goldman Sachs Group boosted their price objective on shares of Hilton Grand Vacations from $37.00 to $42.00 and gave the stock a "sell" rating in a research report on Tuesday, March 4th. Barclays boosted their target price on Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Mizuho raised their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Friday, February 28th. JMP Securities lowered their price objective on Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating for the company in a research report on Wednesday, December 18th. Finally, StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a research report on Saturday, March 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $47.25.

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Hilton Grand Vacations Price Performance

HGV traded down $0.02 during trading on Friday, hitting $40.46. The company's stock had a trading volume of 2,065,311 shares, compared to its average volume of 853,384. The firm's 50 day moving average price is $40.73 and its two-hundred day moving average price is $39.46. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 45.98, a price-to-earnings-growth ratio of 2.20 and a beta of 1.84. Hilton Grand Vacations has a 12 month low of $33.21 and a 12 month high of $47.81.

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

Institutional Trading of Hilton Grand Vacations

A number of institutional investors have recently modified their holdings of HGV. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Hilton Grand Vacations by 23.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 176,665 shares of the company's stock valued at $6,881,000 after buying an additional 33,931 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of Hilton Grand Vacations in the 4th quarter valued at about $814,000. Wolverine Trading LLC acquired a new stake in shares of Hilton Grand Vacations in the fourth quarter valued at about $385,000. Squarepoint Ops LLC raised its holdings in Hilton Grand Vacations by 62.6% during the fourth quarter. Squarepoint Ops LLC now owns 493,474 shares of the company's stock worth $19,221,000 after acquiring an additional 189,934 shares in the last quarter. Finally, Teza Capital Management LLC acquired a new position in Hilton Grand Vacations during the fourth quarter valued at approximately $768,000. 97.23% of the stock is currently owned by institutional investors.

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.