Morgan Stanley Forecasts Strong Price Appreciation for Hilton Grand Vacations (NYSE:HGV) Stock

Hilton Grand Vacations (NYSE:HGV) had its price target raised by equities research analysts at Morgan Stanley from $49.00 to $55.00 in a report issued on Friday, Marketbeat reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 22.39% from the stock’s previous close.

Several other analysts have also recently commented on HGV. Weiss Ratings raised Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. Mizuho decreased their target price on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Citizens Jmp raised their target price on Hilton Grand Vacations from $50.00 to $55.00 and gave the stock a “market outperform” rating in a research report on Monday, March 9th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $40.00 target price on shares of Hilton Grand Vacations in a research report on Thursday, February 26th. Finally, Barclays cut their price objective on Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $53.00.

Hilton Grand Vacations Stock Performance

Shares of Hilton Grand Vacations stock opened at $44.94 on Friday. The stock has a market cap of $3.65 billion, a PE ratio of 49.38, a price-to-earnings-growth ratio of 0.62 and a beta of 1.49. The business has a fifty day simple moving average of $43.87 and a 200-day simple moving average of $43.56. The company has a quick ratio of 3.17, a current ratio of 5.20 and a debt-to-equity ratio of 5.04. Hilton Grand Vacations has a 12 month low of $31.94 and a 12 month high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, February 26th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.17). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.38 billion. Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $0.49 EPS. On average, sell-side analysts anticipate that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Institutional Trading of Hilton Grand Vacations

Hedge funds and other institutional investors have recently modified their holdings of the company. Bard Associates Inc. purchased a new stake in shares of Hilton Grand Vacations during the fourth quarter worth $29,000. EverSource Wealth Advisors LLC raised its holdings in shares of Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after acquiring an additional 565 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Hilton Grand Vacations by 60.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after acquiring an additional 349 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Hilton Grand Vacations during the fourth quarter worth $44,000. Finally, Quarry LP purchased a new stake in shares of Hilton Grand Vacations during the third quarter worth $44,000. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.