Stock analysts at Nomura began coverage on shares of ILG Inc. (NASDAQ:ILG) in a research note issued on Friday, October 6th, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $35.00 price target on the business services provider’s stock. Nomura’s price target indicates a potential upside of 19.49% from the company’s current price.
A number of other brokerages have also issued reports on ILG. Zacks Investment Research lowered ILG from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub raised ILG from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $29.29.
ILG (NASDAQ:ILG) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. ILG had a return on equity of 11.41% and a net margin of 7.32%. The company had revenue of $450.00 million for the quarter, compared to analyst estimates of $432.86 million. ILG’s revenue for the quarter was up 51.5% compared to the same quarter last year.
A number of hedge funds have recently modified their holdings of ILG. Strs Ohio boosted its stake in ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock valued at $113,000 after acquiring an additional 2,100 shares during the period. Advisor Group Inc. boosted its stake in ILG by 28.0% in the second quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock valued at $137,000 after acquiring an additional 1,119 shares during the period. Sei Investments Co. boosted its position in shares of ILG by 33.2% during the first quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock worth $143,000 after buying an additional 1,701 shares during the period. Creative Planning boosted its position in shares of ILG by 6.3% during the second quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock worth $146,000 after buying an additional 316 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of ILG by 11.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock worth $147,000 after buying an additional 550 shares during the period. Institutional investors own 81.28% of the company’s stock.
ILG Company Profile
ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.
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