Hilton Grand Vacations (NYSE:HGV) Stock Rating Lowered by JPMorgan Chase & Co.

Hilton Grand Vacations (NYSE:HGV) was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report issued on Friday, MarketBeat.com reports. They presently have a $36.00 price target on the stock, down from their prior price target of $55.00. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 4.14% from the company’s previous close.

A number of other brokerages have also commented on HGV. Jefferies Financial Group lowered shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating and reduced their target price for the stock from $55.00 to $35.00 in a research report on Friday. Mizuho lowered their price target on Hilton Grand Vacations from $63.00 to $57.00 and set an “outperform” rating for the company in a report on Friday. Barclays cut their target price on Hilton Grand Vacations from $54.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Truist Financial lifted their price target on Hilton Grand Vacations from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.43.

Hilton Grand Vacations Trading Down 2.6 %

HGV traded down $0.94 on Friday, hitting $34.57. The company had a trading volume of 1,904,167 shares, compared to its average volume of 749,721. The company has a market cap of $3.59 billion, a PE ratio of 16.31, a PEG ratio of 1.76 and a beta of 1.83. The company has a quick ratio of 3.11, a current ratio of 4.44 and a debt-to-equity ratio of 3.09. The business’s fifty day simple moving average is $40.61 and its 200 day simple moving average is $42.81. Hilton Grand Vacations has a 12-month low of $33.13 and a 12-month high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.27). Hilton Grand Vacations had a net margin of 5.62% and a return on equity of 19.41%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. Equities research analysts expect that Hilton Grand Vacations will post 3.95 EPS for the current year.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds have recently added to or reduced their stakes in HGV. nVerses Capital LLC acquired a new position in shares of Hilton Grand Vacations in the second quarter worth about $32,000. YHB Investment Advisors Inc. purchased a new position in Hilton Grand Vacations during the first quarter worth approximately $47,000. Ashton Thomas Private Wealth LLC acquired a new stake in Hilton Grand Vacations in the second quarter valued at approximately $120,000. Benjamin Edwards Inc. increased its position in shares of Hilton Grand Vacations by 46.0% in the first quarter. Benjamin Edwards Inc. now owns 3,193 shares of the company’s stock valued at $151,000 after buying an additional 1,006 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Hilton Grand Vacations during the 4th quarter worth approximately $142,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

About Hilton Grand Vacations

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.