Hilton Grand Vacations (HGV) Reaching An Inflection Point; Credit Suisse Initiates Shares At Outperform with $48 target

May 18, 2018 - By Lola Flanagan

Why Has Credit Suisse Given Hilton Grand Vacations (HGV) a $48 Price Target

In a note revealed to clients and investors on 18 May, equity analysts at Credit Suisse began coverage for Hilton Grand Vacations (HGV) shares. The firm has decided to set a Outperform rating along with a $48, adding 22.92 % to the target.

Hilton Grand Vacations Inc. (NYSE:HGV) Ratings Coverage

Among 2 analysts covering Hilton Grand Vacations Inc (HGV), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Hilton Grand Vacations Inc has $50.0 highest and $4900 lowest target. $49.50’s average target is 26.76% above currents $39.05 stock price. Hilton Grand Vacations Inc had 2 analyst reports since March 1, 2018 according to SRatingsIntel. The firm has “Buy” rating by SunTrust given on Thursday, March 1.

The stock decreased 0.74% or $0.29 during the last trading session, reaching $39.05. About 1.88M shares traded or 26.86% up from the average. Hilton Grand Vacations Inc. (HGV) has risen 50.19% since May 18, 2017 and is uptrending. It has outperformed by 38.64% the S&P500.

Analysts await Hilton Grand Vacations Inc. (NYSE:HGV) to report earnings on August, 1. They expect $1.16 earnings per share, up 127.45 % or $0.65 from last year’s $0.51 per share. HGV’s profit will be $112.32M for 8.42 P/E if the $1.16 EPS becomes a reality. After $0.30 actual earnings per share reported by Hilton Grand Vacations Inc. for the previous quarter, Wall Street now forecasts 286.67 % EPS growth.

Hilton Grand Vacations Inc., a timeshare company, develops, markets, sells, and manages timeshare resorts primarily under the Hilton Grand Vacations brand. The company has market cap of $3.78 billion. The firm operates in two divisions, Real Estate Sales and Financing; and Resort Operations and Club Management. It has a 11.91 P/E ratio. It sells vacation ownership intervals; manages resorts; operates a points vacation club; and finances and services loans provided to clients for their timeshare purchases.

More important recent Hilton Grand Vacations Inc. (NYSE:HGV) news were published by: Seekingalpha.com which released: “Hilton Grand Vacations’ (HGV) CEO Mark Wang on Q1 2018 Results – Earnings Call Transcript” on May 03, 2018, also Businesswire.com published article titled: “Hilton Grand Vacations Invests $41 Million in Hilton Los Cabos Beach and Golf Resort in Mexico”, Seekingalpha.com published: “Diamond Resorts files confidentially for IPO” on April 20, 2018. More interesting news about Hilton Grand Vacations Inc. (NYSE:HGV) was released by: Fool.com and their article: “The Hitch in Marriott Vacations’ Acquisition of ILG” with publication date: May 17, 2018.

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