Hilton Grand Vacations (NYSE:HGV) Downgraded by JPMorgan Chase & Co. to Neutral

Hilton Grand Vacations (NYSE:HGV) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Friday, Briefing.com reports.

HGV has been the topic of several other research reports. Barclays reduced their price objective on Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday. Truist Financial upped their price objective on Hilton Grand Vacations from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Mizuho reduced their price objective on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Jefferies Financial Group downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $55.00 to $35.00 in a report on Friday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.71.

Hilton Grand Vacations Price Performance

Shares of HGV traded down $0.92 on Friday, hitting $34.59. The company’s stock had a trading volume of 1,031,314 shares, compared to its average volume of 743,064. The company has a market capitalization of $3.59 billion, a PE ratio of 16.50, a PEG ratio of 1.76 and a beta of 1.83. The company has a debt-to-equity ratio of 3.09, a current ratio of 4.44 and a quick ratio of 3.11. Hilton Grand Vacations has a fifty-two week low of $33.13 and a fifty-two week high of $49.02. The company has a 50 day moving average price of $40.74 and a 200 day moving average price of $42.85.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, August 8th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.27). The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.33 billion. Hilton Grand Vacations had a return on equity of 19.41% and a net margin of 5.62%. The firm’s revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, research analysts anticipate that Hilton Grand Vacations will post 3.95 earnings per share for the current fiscal year.

Institutional Trading of Hilton Grand Vacations

Several institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Hilton Grand Vacations in the 4th quarter valued at $23,383,000. Boulder Hill Capital Management LP bought a new stake in shares of Hilton Grand Vacations in the 4th quarter valued at $1,933,000. Franklin Resources Inc. increased its position in shares of Hilton Grand Vacations by 6.9% in the 4th quarter. Franklin Resources Inc. now owns 3,037,372 shares of the company’s stock valued at $122,042,000 after buying an additional 195,485 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Hilton Grand Vacations in the 1st quarter valued at $884,000. Finally, Vanguard Group Inc. boosted its stake in Hilton Grand Vacations by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 7,546,080 shares of the company’s stock worth $356,250,000 after purchasing an additional 77,934 shares during the period. 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.