Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have earned an average rating of “Buy” from the nine research firms that are currently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have covered the stock in the last year is $38.56.

A number of research analysts have recently commented on HGV shares. Nomura reaffirmed a “buy” rating and set a $43.00 price target on shares of Hilton Grand Vacations in a research report on Monday, May 15th. Zacks Investment Research raised Hilton Grand Vacations from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, May 9th. Buckingham Research started coverage on Hilton Grand Vacations in a research report on Monday, June 19th. They set a “buy” rating and a $42.00 price target on the stock. Janney Montgomery Scott reaffirmed a “buy” rating and set a $38.00 price target on shares of Hilton Grand Vacations in a research report on Thursday, April 20th. Finally, Instinet reaffirmed a “buy” rating and set a $45.00 price target (up previously from $44.00) on shares of Hilton Grand Vacations in a research report on Thursday, August 3rd.

In related news, insider Mark D. Wang acquired 28,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average cost of $36.08 per share, for a total transaction of $1,010,240.00. Following the purchase, the insider now owns 312,325 shares in the company, valued at approximately $11,268,686. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Hlt Holdco Iii Llc sold 9,650,000 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $35.40, for a total value of $341,610,000.00. The disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its stake in Hilton Grand Vacations by 129.6% in the second quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock worth $223,000 after buying an additional 3,500 shares during the last quarter. Pacad Investment Ltd. raised its stake in Hilton Grand Vacations by 6.7% in the second quarter. Pacad Investment Ltd. now owns 6,400 shares of the company’s stock worth $231,000 after buying an additional 400 shares during the last quarter. Cigna Investments Inc. New bought a new stake in Hilton Grand Vacations during the second quarter worth about $263,000. Quantbot Technologies LP raised its stake in Hilton Grand Vacations by 700.6% in the second quarter. Quantbot Technologies LP now owns 9,111 shares of the company’s stock worth $328,000 after buying an additional 7,973 shares during the last quarter. Finally, Seven Bridges Advisors LLC raised its stake in Hilton Grand Vacations by 93.6% in the second quarter. Seven Bridges Advisors LLC now owns 10,574 shares of the company’s stock worth $381,000 after buying an additional 5,113 shares during the last quarter. Institutional investors own 95.72% of the company’s stock.

Shares of Hilton Grand Vacations (NYSE:HGV) traded up 1.32% during mid-day trading on Friday, hitting $34.50. The stock had a trading volume of 484,095 shares. The firm has a market capitalization of $3.42 billion and a PE ratio of 19.64. Hilton Grand Vacations has a 1-year low of $24.60 and a 1-year high of $37.94. The stock’s 50-day moving average is $36.09 and its 200-day moving average is $32.96.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $439 million for the quarter, compared to analysts’ expectations of $413.33 million. The firm’s revenue was up 12.3% on a year-over-year basis. Equities analysts expect that Hilton Grand Vacations will post $1.93 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Hilton Grand Vacations Inc. (NYSE:HGV) Receives Consensus Rating of “Buy” from Brokerages” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://www.dailypolitical.com/2017/08/11/hilton-grand-vacations-inc-nysehgv-receives-consensus-rating-of-buy-from-brokerages.html.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.

Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

Receive News & Ratings for Hilton Grand Vacations Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Grand Vacations Inc. and related companies with MarketBeat.com's FREE daily email newsletter.