Hilton Grand Vacations (NYSE:HGV) Price Target Cut to $38.00 by Analysts at Morgan Stanley

Hilton Grand Vacations (NYSE:HGV - Get Free Report) had its price objective dropped by equities researchers at Morgan Stanley from $46.00 to $38.00 in a research note issued on Tuesday, Marketbeat Ratings reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's target price would indicate a potential upside of 10.27% from the stock's current price.

Several other research firms have also recently commented on HGV. The Goldman Sachs Group lowered their target price on shares of Hilton Grand Vacations from $42.00 to $30.00 and set a "sell" rating on the stock in a research note on Monday, April 14th. Barclays raised their price objective on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Mizuho upped their target price on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. Truist Financial lifted their price target on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Finally, StockNews.com upgraded Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $44.63.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV traded down $0.04 during midday trading on Tuesday, hitting $34.46. 749,604 shares of the company's stock were exchanged, compared to its average volume of 884,328. Hilton Grand Vacations has a twelve month low of $30.59 and a twelve month high of $45.00. The firm has a market cap of $3.26 billion, a P/E ratio of 39.16, a PEG ratio of 2.20 and a beta of 1.68. The stock's 50 day moving average price is $36.95 and its 200-day moving average price is $39.02. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.40). The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. Equities research analysts anticipate that Hilton Grand Vacations will post 3.39 EPS for the current year.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of institutional investors and hedge funds have recently modified their holdings of the stock. UMB Bank n.a. boosted its position in shares of Hilton Grand Vacations by 106.8% in the 1st quarter. UMB Bank n.a. now owns 1,065 shares of the company's stock valued at $40,000 after purchasing an additional 550 shares during the period. Covestor Ltd boosted its holdings in shares of Hilton Grand Vacations by 432.4% in the fourth quarter. Covestor Ltd now owns 1,283 shares of the company's stock worth $50,000 after buying an additional 1,042 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Hilton Grand Vacations in the first quarter worth approximately $73,000. KBC Group NV raised its holdings in shares of Hilton Grand Vacations by 41.2% during the fourth quarter. KBC Group NV now owns 3,046 shares of the company's stock valued at $119,000 after acquiring an additional 889 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of Hilton Grand Vacations by 8.8% in the 1st quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock valued at $168,000 after acquiring an additional 364 shares in the last quarter. 97.23% of the stock is owned by institutional investors and hedge funds.

Hilton Grand Vacations Company Profile

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.