Hilton Grand Vacations (NYSE:HGV) Given New $38.00 Price Target at Morgan Stanley

Hilton Grand Vacations (NYSE:HGV) had its target price reduced by Morgan Stanley from $46.00 to $38.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 14.04% from the stock’s current price.

Several other analysts also recently issued reports on the stock. Truist Financial upped their price target on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the company a “buy” rating in a report on Friday, March 7th. The Goldman Sachs Group dropped their price target on Hilton Grand Vacations from $42.00 to $30.00 and set a “sell” rating for the company in a research report on Monday, April 14th. Barclays lifted their price objective 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. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Finally, Mizuho boosted their price objective on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Hilton Grand Vacations has a consensus rating of “Hold” and a consensus target price of $44.63.

Hilton Grand Vacations Price Performance

Shares of HGV opened at $33.32 on Tuesday. 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 stock’s 50 day moving average is $37.64 and its two-hundred day moving average is $39.09. Hilton Grand Vacations has a twelve month low of $30.59 and a twelve month high of $45.48. The firm has a market capitalization of $3.15 billion, a PE ratio of 37.96, a P/E/G ratio of 2.20 and a beta of 1.68.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data 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 firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Research analysts anticipate that Hilton Grand Vacations will post 3.39 earnings per share for the current year.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in Hilton Grand Vacations by 17.8% in the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock valued at $117,402,000 after purchasing an additional 499,067 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Hilton Grand Vacations by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company’s stock worth $34,746,000 after acquiring an additional 30,019 shares in the last quarter. AlphaQuest LLC boosted its holdings in Hilton Grand Vacations by 186,169.2% in the fourth quarter. AlphaQuest LLC now owns 24,215 shares of the company’s stock worth $943,000 after purchasing an additional 24,202 shares during the period. Independent Family Office LLC acquired a new stake in shares of Hilton Grand Vacations during the fourth quarter worth $627,000. Finally, Barclays PLC lifted its position in shares of Hilton Grand Vacations by 330.8% in the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after buying an additional 188,997 shares during the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

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.