Credit Suisse Initiates “Buy” Rating for Hilton Grand Vacations Inc (HGV) With a $48.0000 Price Target

May 21, 2018 - By Maria Brooks

Why Has Credit Suisse Given Hilton Grand Vacations Inc (HGV) a $48.0000 Price Target

EU: Hilton Grand Vacations Inc (HGV) coverage was started with a key ‘”Buy”‘ rating as well as a $48.0000 target price per share at Credit Suisse. The price target by Credit Suisse would indicate upside of 20.15 % from the last price.

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

Among 3 analysts covering Hilton Grand Vacations Inc (HGV), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Hilton Grand Vacations Inc has $50.0 highest and $48 lowest target. $49’s average target is 22.65% above currents $39.95 stock price. Hilton Grand Vacations Inc had 3 analyst reports since March 1, 2018 according to SRatingsIntel. The stock of Hilton Grand Vacations Inc. (NYSE:HGV) earned “Buy” rating by SunTrust on Thursday, March 1.

The stock increased 2.30% or $0.9 during the last trading session, reaching $39.95. About 1.51M shares traded or 0.52% up from the average. Hilton Grand Vacations Inc. (HGV) has risen 50.19% since May 21, 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 $112.31 million for 8.61 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 $3.87 billion. The firm operates in two divisions, Real Estate Sales and Financing; and Resort Operations and Club Management. It has a 12.18 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: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 18, 2018” on May 18, 2018, also Businesswire.com published article titled: “Hilton Grand Vacations Invests $41 Million in Hilton Los Cabos Beach and Golf Resort in Mexico”, Benzinga.com published: “Credit Suisse On The Timeshare Sector: What’s Not To Like?” on May 18, 2018. More interesting news about Hilton Grand Vacations Inc. (NYSE:HGV) was released by: Seekingalpha.com and their article: “Hilton Grand Vacations’ (HGV) CEO Mark Wang on Q1 2018 Results – Earnings Call Transcript” with publication date: May 03, 2018.

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