ILG Inc (ILG) Lifted to Hold at Zacks Investment Research

ILG Inc (NASDAQ:ILG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “ILG, Inc. offers owners, members and guests benefits and services, as well as destinations through its portfolio of resorts and clubs. The company’s operating businesses include Aqua-Aston Hospitality, Hyatt Vacation Ownership, Interval International, Trading Places International, Vacation Resorts International, VRI Europe and Vistana Signature Experiences. ILG, Inc., formerly known as Interval Leisure Group Inc., is headquartered in Miami, Florida. “

ILG has been the subject of several other research reports. BidaskClub upgraded ILG from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Nomura began coverage on ILG in a research report on Friday, October 6th. They issued a “buy” rating and a $35.00 price objective for the company. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $30.00 price objective on shares of ILG in a research report on Friday, November 10th. Oppenheimer Holdings, Inc. lifted their price objective on ILG from $29.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Finally, Instinet began coverage on ILG in a research report on Friday, October 6th. They issued a “buy” rating and a $35.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $30.50.

ILG (NASDAQ ILG) opened at $29.22 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $3,610.00, a P/E ratio of 21.06 and a beta of 1.52. ILG has a 52-week low of $17.56 and a 52-week high of $30.70.

ILG (NASDAQ:ILG) last posted its earnings results on Tuesday, November 7th. The business services provider reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The company had revenue of $446.00 million for the quarter, compared to the consensus estimate of $429.56 million. ILG had a return on equity of 10.46% and a net margin of 7.04%. ILG’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS. analysts forecast that ILG will post 1.15 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “ILG Inc (ILG) Lifted to Hold at Zacks Investment Research” was originally posted by Stock Observer and is the sole property of of Stock Observer. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.thestockobserver.com/2017/11/15/ilg-inc-ilg-lifted-to-hold-at-zacks-investment-research.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eaton Vance Management increased its stake in shares of ILG by 0.7% in the 2nd quarter. Eaton Vance Management now owns 10,172 shares of the business services provider’s stock valued at $280,000 after buying an additional 67 shares during the period. Alps Advisors Inc. increased its stake in shares of ILG by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 26,025 shares of the business services provider’s stock valued at $715,000 after buying an additional 68 shares during the period. Creative Planning increased its stake in shares of ILG by 6.3% in the 2nd quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock valued at $146,000 after buying an additional 316 shares during the period. Advisors Preferred LLC increased its stake in shares of ILG by 1.8% in the 2nd quarter. Advisors Preferred LLC now owns 17,970 shares of the business services provider’s stock valued at $493,000 after buying an additional 317 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of ILG by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 100,018 shares of the business services provider’s stock valued at $2,749,000 after buying an additional 354 shares during the period. 80.86% of the stock is owned by institutional investors.

About ILG

ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.

Analyst Recommendations for ILG (NASDAQ:ILG)

Receive News & Ratings for ILG Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ILG Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply