Hilton Grand Vacations Inc. (HGV) Cut to “Hold” at Zacks Investment Research

Hilton Grand Vacations Inc. (NYSE:HGV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “Hilton Grand Vacations Company, LLC, a division of Hilton Worldwide, is engaged in hospitality business. It markets and operates vacation ownership resorts. The company also manages and serves club membership programs which include Hilton Grand Vacations Club(R) and The Hilton Club(R). It operates primarily in USA, Indonesia, Italy, Mexico, New Zealand, Portugal, Scotland and Thailand. Hilton Grand Vacations Company, LLC is headquartered in Orlando, Florida. “

HGV has been the subject of a number of other reports. Instinet raised their target price on shares of Hilton Grand Vacations from $32.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, March 2nd. Nomura reissued a “buy” rating and issued a $43.00 target price on shares of Hilton Grand Vacations in a report on Monday, May 15th. Janney Montgomery Scott reissued a “buy” rating and issued a $38.00 target price on shares of Hilton Grand Vacations in a report on Thursday, April 20th. Finally, J P Morgan Chase & Co started coverage on shares of Hilton Grand Vacations in a report on Wednesday, April 12th. They issued an “overweight” rating and a $37.00 target price for the company. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $36.63.

Analyst Recommendations for Hilton Grand Vacations (NYSE:HGV)

Shares of Hilton Grand Vacations (NYSE HGV) traded up 1.67% during midday trading on Friday, reaching $36.60. 1,600,098 shares of the company’s stock traded hands. Hilton Grand Vacations has a one year low of $24.60 and a one year high of $37.36. The stock’s 50-day moving average price is $35.51 and its 200 day moving average price is $31.12. The firm has a market capitalization of $3.62 billion and a PE ratio of 21.32.

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In other Hilton Grand Vacations news, insider Mark D. Wang bought 28,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average cost of $36.08 per share, with a total value of $1,010,240.00. Following the completion of the acquisition, the insider now owns 312,325 shares in the company, valued at approximately $11,268,686. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.46% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.

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