BidaskClub Downgrades ILG Inc. (ILG) to Hold
ILG Inc. (NASDAQ:ILG) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
ILG has been the subject of a number of other reports. Zacks Investment Research cut shares of ILG from a “buy” rating to a “hold” rating in a report on Thursday, August 24th. Nomura began coverage on shares of ILG in a report on Friday, October 6th. They issued a “buy” rating and a $35.00 price objective for the company. Oppenheimer Holdings, Inc. upped their price objective on shares of ILG from $29.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. Finally, Instinet began coverage on shares of ILG in a report on Friday, October 6th. They set a “buy” rating and a $35.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.50.
Shares of ILG (NASDAQ:ILG) traded up $0.08 during trading hours on Friday, reaching $28.43. 764,000 shares of the company were exchanged, compared to its average volume of 1,213,663. The company has a market capitalization of $3,526.68, a PE ratio of 21.06 and a beta of 1.53. ILG has a 12-month low of $17.32 and a 12-month high of $30.70. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.75 and a quick ratio of 1.07.
ILG (NASDAQ:ILG) last issued its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The business had revenue of $446.00 million during 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%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share. equities analysts anticipate that ILG will post 1.15 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in ILG. Huntington National Bank acquired a new position in shares of ILG during the third quarter valued at about $128,000. Advisor Group Inc. raised its position in shares of ILG by 28.0% during the second quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock valued at $137,000 after buying an additional 1,119 shares during the last quarter. Creative Planning raised its position in shares of ILG by 6.3% during the second 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of ILG by 11.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock valued at $147,000 after buying an additional 550 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of ILG during the third quarter valued at about $215,000. 80.86% of the stock is owned by institutional investors and hedge funds.
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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