Could Hilton Grand Vacations Inc. (HGV) Recover After Forming a Wedge Up?

March 14, 2018 - By Dolores Ford

The stock of Hilton Grand Vacations Inc. (HGV) formed an up wedge with $48.83 target or 4.00 % above today’s $46.95 share price. The 8 months wedge indicates low risk for the $4.66 billion company. If the $48.83 price target is reached, the company will be worth $186.40 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 2.51% or $1.15 during the last trading session, reaching $46.95. About 1.15M shares traded or 88.40% up from the average. Hilton Grand Vacations Inc. (NYSE:HGV) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Hilton Grand Vacations Inc. (NYSE:HGV) to report earnings on May, 2. They expect $0.62 earnings per share, up 21.57 % or $0.11 from last year’s $0.51 per share. HGV’s profit will be $61.54M for 18.93 P/E if the $0.62 EPS becomes a reality. After $0.52 actual earnings per share reported by Hilton Grand Vacations Inc. for the previous quarter, Wall Street now forecasts 19.23 % EPS growth.

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

Among 5 analysts covering Hilton Grand Vacations (NYSE:HGV), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Hilton Grand Vacations had 6 analyst reports since January 5, 2017 according to SRatingsIntel. The rating was upgraded by Goldman Sachs to “Buy” on Thursday, January 19. The stock of Hilton Grand Vacations Inc. (NYSE:HGV) earned “Buy” rating by Buckingham Research on Monday, June 19. The rating was maintained by Janney Capital on Friday, April 21 with “Buy”. Nomura initiated the stock with “Buy” rating in Thursday, January 5 report. The firm earned “Overweight” rating on Wednesday, April 12 by JP Morgan. The firm has “Neutral” rating given on Thursday, January 5 by Goldman Sachs.

More notable recent Hilton Grand Vacations Inc. (NYSE:HGV) news were published by: which released: “HNA Is Shedding Its Stake in Hilton Grand Vacations After 88% Gain” on March 13, 2018, also with their article: “Bull of the Day: Hilton Grand Vacations (HGV)” published on March 07, 2018, published: “Hilton Grand Vacations’ (HGV) CEO Mark Wang on Q4 2017 Results – Earnings Call …” on March 02, 2018. More interesting news about Hilton Grand Vacations Inc. (NYSE:HGV) were released by: and their article: “Deals of the day-Mergers and acquisitions” published on March 14, 2018 as well as‘s news article titled: “Hilton Grand Vacations to Report Fourth-Quarter and Full-Year 2017 Results” with publication date: February 15, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.