Interval Leisure Group Inc. (IILG) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Interval Leisure Group Inc. (NASDAQ:IILG) from a hold rating to a strong-buy rating in a research note published on Tuesday morning. Zacks Investment Research currently has $19.00 price target on the stock.
According to Zacks, “INTERVAL LEISURE GROUP is a leading provider of membership and leisure services to consumers and business-to-business customers in the vacation industry. Its principal business is Interval International, a pioneer and innovator serving the vacation ownership market for more than 32 years. Interval International is a membership-based organization that offers a comprehensive package of year-round benefits, including the opportunity to trade the use of resort time for alternate accommodations. Today, Interval has a network of over 2,400 resorts in excess of 75 countries, and offers its resort clients and approximately two million member families high-quality products and programs through 29 offices in 17 nations. RQH provides vacation rental and property management services to vacationers and vacation property owners across Hawaii with a portfolio of approximately 5,000 units in properties throughout the islands. ILG is headquartered in Miami, Florida, and has approximately 2,900 employees worldwide. “
A number of other research firms also recently weighed in on IILG. MKM Partners upgraded Interval Leisure Group from a neutral rating to a buy rating and boosted their target price for the stock from $16.50 to $25.00 in a research report on Thursday, July 14th. TheStreet upgraded Interval Leisure Group from a hold rating to a buy rating in a research report on Thursday, July 14th.
Shares of Interval Leisure Group (NASDAQ:IILG) opened at 16.99 on Tuesday. The stock’s 50 day moving average is $17.28 and its 200 day moving average is $15.48. Interval Leisure Group has a 12 month low of $10.61 and a 12 month high of $21.98. The firm has a market cap of $2.13 billion, a P/E ratio of 4.87 and a beta of 1.11.
Interval Leisure Group (NASDAQ:IILG) last released its earnings results on Thursday, August 4th. The company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.15. The company earned $297 million during the quarter, compared to the consensus estimate of $345.40 million. Interval Leisure Group had a return on equity of 12.35% and a net margin of 28.78%. Interval Leisure Group’s quarterly revenue was up 70.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. Equities research analysts expect that Interval Leisure Group will post $1.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $0.48 annualized dividend and a yield of 2.83%. Interval Leisure Group’s payout ratio is currently 17.20%.
An institutional investor recently bought a new position in Interval Leisure Group stock. Norges Bank acquired a new stake in shares of Interval Leisure Group Inc. (NASDAQ:IILG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 632,762 shares of the company’s stock, valued at approximately $9,877,000. Norges Bank owned approximately 1.10% of Interval Leisure Group at the end of the most recent quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.
Interval Leisure Group Company Profile
Interval Leisure Group, Inc (ILG) is a provider of non-traditional lodging, encompassing a portfolio of leisure businesses from exchange and vacation rental to vacation ownership. The Company operates through two segments. The 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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