ILG Inc. (ILG) Upgraded by BidaskClub to Hold
BidaskClub upgraded shares of ILG Inc. (NASDAQ:ILG) from a sell rating to a hold rating in a research note issued to investors on Wednesday.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research raised ILG from a hold rating to a buy rating and set a $29.00 price objective for the company in a report on Tuesday, August 29th. Imperial Capital lifted their price objective on ILG from $22.00 to $30.00 and gave the stock an outperform rating in a report on Tuesday, May 30th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. ILG presently has an average rating of Buy and a consensus target price of $27.00.
Shares of ILG (NASDAQ:ILG) traded down 1.0204% during mid-day trading on Wednesday, reaching $26.1801. The company’s stock had a trading volume of 158,314 shares. ILG has a 1-year low of $15.94 and a 1-year high of $28.99. The firm has a market capitalization of $3.27 billion, a P/E ratio of 25.1974 and a beta of 1.48. The company’s 50-day moving average is $26.18 and its 200 day moving average is $24.62.
ILG (NASDAQ:ILG) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $432.86 million. ILG had a return on equity of 11.41% and a net margin of 7.32%. The firm’s quarterly revenue was up 51.5% on a year-over-year basis. On average, analysts expect that ILG will post $1.18 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.27%. ILG’s dividend payout ratio (DPR) is 57.69%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. raised its holdings in shares of ILG by 28.0% in the second quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock worth $137,000 after acquiring an additional 1,119 shares during the last quarter. Creative Planning raised its holdings in shares of ILG by 6.3% in the second quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock worth $146,000 after acquiring an additional 316 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of ILG by 11.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock worth $147,000 after acquiring an additional 550 shares during the last quarter. Strs Ohio raised its holdings in shares of ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock worth $113,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of ILG by 33.2% in the first quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock worth $143,000 after acquiring an additional 1,701 shares during the last quarter. 80.64% of the stock is owned by institutional investors.
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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