Hilton Grand Vacations (NYSE:HGV) Given New $55.00 Price Target at Morgan Stanley

Key Points

• Morgan Stanley raised its price target on Hilton Grand Vacations to $55 (from $49) and maintained an "equal weight" rating, implying roughly a 21.8% upside from the current share price.
• HGV's latest quarter missed expectations, reporting EPS of $0.88 versus a $1.05 consensus and revenue of $1.33B versus $1.38B, though revenue rose 3.8% year-over-year.
• The analyst consensus is a Hold with a $53 average target (4 Buy / 6 Hold / 1 Sell), while the stock trades around $45 and is about 97% institutionally owned.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) had its price objective upped by equities research analysts at Morgan Stanley from $49.00 to $55.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's price objective indicates a potential upside of 21.75% from the stock's current price.

Several other research firms also recently issued reports on HGV. Barclays lowered their price objective on Hilton Grand Vacations from $49.00 to $48.00 and set an "equal weight" rating for the company in a research note on Monday, March 2nd. Wall Street Zen raised Hilton Grand Vacations from a "hold" rating to a "buy" rating in a research note on Saturday, March 28th. Citizens Jmp upped their price objective on Hilton Grand Vacations from $50.00 to $55.00 and gave the company a "market outperform" rating in a research note on Monday, March 9th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $40.00 price objective on shares of Hilton Grand Vacations in a research note on Thursday, February 26th. Finally, Jefferies Financial Group upped their price objective on Hilton Grand Vacations from $46.00 to $50.00 and gave the company a "hold" rating in a research note on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Hilton Grand Vacations has an average rating of "Hold" and a consensus target price of $53.00.

Hilton Grand Vacations Stock Up 4.9%

HGV stock opened at $45.17 on Friday. The stock has a market capitalization of $3.67 billion, a P/E ratio of 49.64, a price-to-earnings-growth ratio of 0.59 and a beta of 1.49. The company has a current ratio of 5.20, a quick ratio of 3.17 and a debt-to-equity ratio of 5.04. Hilton Grand Vacations has a 12 month low of $31.94 and a 12 month high of $52.08. The firm has a 50-day moving average price of $43.88 and a 200-day moving average price of $43.55.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.17). Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the company posted $0.49 EPS. The firm's revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Institutional Trading of Hilton Grand Vacations

A number of large investors have recently bought and sold shares of HGV. AQR Capital Management LLC acquired a new stake in Hilton Grand Vacations during the 1st quarter worth about $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Hilton Grand Vacations by 1.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company's stock worth $1,545,000 after acquiring an additional 615 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Hilton Grand Vacations by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company's stock worth $6,748,000 after acquiring an additional 3,705 shares during the period. Intech Investment Management LLC grew its holdings in Hilton Grand Vacations by 24.5% during the 1st quarter. Intech Investment Management LLC now owns 43,541 shares of the company's stock worth $1,629,000 after acquiring an additional 8,567 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company's stock worth $27,000 after acquiring an additional 565 shares during the period. 97.23% of the stock is currently owned by institutional investors and hedge funds.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.

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