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

Hilton Grand Vacations (NYSE:HGV) had its price target raised by Truist Financial from $51.00 to $63.00 in a report published on Friday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. JMP Securities cut their target price on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research note on Wednesday, December 18th. The Goldman Sachs Group raised their target price on shares of Hilton Grand Vacations from $37.00 to $42.00 and gave the company a “sell” rating in a research note on Tuesday. Morgan Stanley initiated coverage on shares of Hilton Grand Vacations in a research note on Monday, January 6th. They set an “overweight” rating and a $47.00 price target on the stock. Mizuho lifted their price target on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th. Finally, Barclays lifted their price target on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Hilton Grand Vacations presently has a consensus rating of “Hold” and an average target price of $47.25.

Hilton Grand Vacations Stock Performance

Shares of HGV stock opened at $40.46 on Friday. The company’s fifty day simple moving average is $40.73 and its 200-day simple moving average is $39.44. Hilton Grand Vacations has a 52 week low of $33.21 and a 52 week high of $47.81. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The company has a market cap of $3.99 billion, a PE ratio of 45.98, a P/E/G ratio of 2.20 and a beta of 1.85.

Hilton Grand Vacations (NYSE:HGV) 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). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, equities research analysts anticipate that Hilton Grand Vacations will post 3.39 EPS for the current year.

Institutional Investors Weigh In On Hilton Grand Vacations

Several hedge funds and other institutional investors have recently modified their holdings of HGV. Covestor Ltd increased its position in shares of Hilton Grand Vacations by 432.4% in the 4th quarter. Covestor Ltd now owns 1,283 shares of the company’s stock worth $50,000 after purchasing an additional 1,042 shares during the last quarter. KBC Group NV increased its position in shares of Hilton Grand Vacations by 41.2% in the 4th quarter. KBC Group NV now owns 3,046 shares of the company’s stock worth $119,000 after purchasing an additional 889 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Hilton Grand Vacations in the 4th quarter worth about $200,000. Crossmark Global Holdings Inc. bought a new stake in shares of Hilton Grand Vacations in the 4th quarter worth about $204,000. Finally, FourThought Financial Partners LLC bought a new stake in shares of Hilton Grand Vacations in the 4th quarter worth about $232,000. 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.