ILG (ILG) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of ILG (NASDAQ:ILG) from a hold rating to a buy rating in a report issued on Wednesday. They currently have $33.00 price objective on the business services provider’s stock.

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 topic of several other research reports. BidaskClub upgraded shares of ILG from a hold rating to a buy rating in a report on Wednesday, October 11th. Nomura assumed coverage on shares of ILG in a report on Friday, October 6th. They issued a buy rating and a $35.00 price target on the stock. ValuEngine upgraded shares of ILG from a hold rating to a buy rating in a report on Sunday, December 31st. SunTrust Banks reiterated a buy rating and issued a $30.00 price target on shares of ILG in a report on Friday, November 10th. Finally, Macquarie started coverage on shares of ILG in a report on Friday, January 5th. They set a neutral rating on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. ILG has an average rating of Buy and an average target price of $31.00.

Shares of ILG (NASDAQ:ILG) opened at $29.09 on Wednesday. The firm has a market cap of $3,591.19, a price-to-earnings ratio of 21.44 and a beta of 1.49. ILG has a fifty-two week low of $17.70 and a fifty-two week high of $30.70. The company has a quick ratio of 1.07, a current ratio of 1.75 and a debt-to-equity ratio of 0.61.

ILG (NASDAQ:ILG) last released its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $446.00 million during the quarter, compared to the consensus estimate of $429.56 million. ILG had a net margin of 7.04% and a return on equity of 10.46%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. equities analysts expect that ILG will post 1.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Tuesday, December 5th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Monday, December 4th. ILG’s dividend payout ratio (DPR) is presently 58.82%.

Several hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC boosted its stake in ILG by 12.8% in the 2nd quarter. Voya Investment Management LLC now owns 53,119 shares of the business services provider’s stock worth $1,460,000 after purchasing an additional 6,028 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in ILG by 13.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,983,549 shares of the business services provider’s stock worth $54,528,000 after purchasing an additional 241,774 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in ILG in the 3rd quarter worth about $20,235,000. Balyasny Asset Management LLC boosted its stake in ILG by 688.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 149,881 shares of the business services provider’s stock worth $4,120,000 after purchasing an additional 130,881 shares in the last quarter. Finally, State Street Corp boosted its stake in ILG by 2.0% in the 2nd quarter. State Street Corp now owns 2,774,726 shares of the business services provider’s stock worth $76,278,000 after purchasing an additional 53,621 shares in the last quarter. Hedge funds and other institutional investors own 80.27% of the company’s stock.

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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.

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