The Goldman Sachs Group Issues Pessimistic Forecast for Hilton Grand Vacations (NYSE:HGV) Stock Price

Hilton Grand Vacations (NYSE:HGV - Free Report) had its price target decreased by The Goldman Sachs Group from $42.00 to $30.00 in a report released on Monday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Other equities analysts have also issued reports about the company. Truist Financial increased their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, March 7th. StockNews.com raised Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Mizuho increased their target price on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Morgan Stanley began coverage on shares of Hilton Grand Vacations in a research report on Monday, January 6th. They set an "overweight" rating and a $47.00 price target on the stock. Finally, JMP Securities lowered their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating on the stock in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $45.75.

Hilton Grand Vacations Stock Performance

Shares of NYSE:HGV traded up $0.30 on Monday, reaching $33.16. 1,049,665 shares of the company's stock were exchanged, compared to its average volume of 874,013. Hilton Grand Vacations has a fifty-two week low of $30.59 and a fifty-two week high of $45.48. The business's 50-day moving average is $37.83 and its two-hundred day moving average is $39.07. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.20 and a beta of 1.68.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.40). The company had revenue of $1.28 billion during 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%. As a group, equities research analysts forecast that Hilton Grand Vacations will post 3.39 EPS for the current year.

Institutional Investors Weigh In On Hilton Grand Vacations

Several large investors have recently modified their holdings of HGV. FNY Investment Advisers LLC purchased a new position in shares of Hilton Grand Vacations in the first quarter worth approximately $73,000. Fifth Third Bancorp increased its position in Hilton Grand Vacations by 8.8% in the 1st quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock worth $168,000 after purchasing an additional 364 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Hilton Grand Vacations by 262.8% during the first quarter. Assenagon Asset Management S.A. now owns 50,342 shares of the company's stock valued at $1,883,000 after acquiring an additional 36,465 shares in the last quarter. UMB Bank n.a. lifted its stake 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 last quarter. Finally, Rhumbline Advisers lifted its position in shares of Hilton Grand Vacations by 1.2% in the first quarter. Rhumbline Advisers now owns 213,288 shares of the company's stock worth $7,979,000 after buying an additional 2,438 shares during the last quarter. 97.23% of the stock is owned by 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.