The ILG Inc (ILG) Price Target Raised to $30.00

The ILG Inc (ILG) Price Target Raised to $30.00

ILG has been the topic of several other reports. Janney Montgomery Scott initiated coverage on shares of ILG in a research note on Monday, January 30th. They issued a buy rating and a $24.00 price objective on the stock. Zacks Investment Research raised shares of ILG from a sell rating to a hold rating in a research note on Wednesday, May 3rd. CIBC boosted their price objective on shares of ILG from $22.00 to $26.00 and gave the company an outperform rating in a research note on Monday, April 24th. Finally, Oppenheimer Holdings Inc. reissued an outperform rating and issued a $26.00 price objective (up from $22.00) on shares of ILG in a research note on Friday, April 21st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $25.33.

ILG Inc (NASDAQ:ILG) had its target price raised by Imperial Capital from $22.00 to $30.00 in a report issued on Tuesday. The brokerage currently has an outperform rating on the business services provider’s stock.

Shares of ILG (NASDAQ ILG) opened at 27.16 on Tuesday. The company’s 50-day moving average is $25.29 and its 200-day moving average is $20.43. ILG has a one year low of $14.10 and a one year high of $28.21. The stock has a market capitalization of $3.39 billion, a P/E ratio of 11.25 and a beta of 1.56. ILG (NASDAQ:ILG) last announced its earnings results on Thursday, May 4th. The business services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $452 million for the quarter, compared to analysts’ expectations of $446.32 million. ILG had a net margin of 23.40% and a return on equity of 11.91%. The company’s quarterly revenue was up 143.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. On average, equities research analysts anticipate that ILG will post $1.15 earnings per share for the current year.

Shares of ILG (NASDAQ ILG) opened at 27.16 on Tuesday. The company’s 50-day moving average is $25.29 and its 200-day moving average is $20.43. ILG has a one year low of $14.10 and a one year high of $28.21. The stock has a market capitalization of $3.39 billion, a P/E ratio of 11.25 and a beta of 1.56. The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 6th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.21%. ILG’s dividend payout ratio (DPR) is presently 17.71%.

In other news, SVP Marie A. Lee sold 7,000 shares of the company’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $18.36, for a total transaction of $128,520.00. Following the transaction, the senior vice president now directly owns 9,300 shares of the company’s stock, valued at approximately $170,748. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock. Several institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in ILG by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 11,730 shares of the business services provider’s stock worth $245,000 after buying an additional 220 shares during the period. Louisiana State Employees Retirement System boosted its position in ILG by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 43,100 shares of the business services provider’s stock worth $903,000 after buying an additional 500 shares during the period. Arizona State Retirement System boosted its position in ILG by 1.1% in the first quarter. Arizona State Retirement System now owns 55,165 shares of the business services provider’s stock worth $1,156,000 after buying an additional 600 shares during the period. Prudential Financial Inc. boosted its position in ILG by 0.7% in the first quarter. Prudential Financial Inc. now owns 182,281 shares of the business services provider’s stock worth $3,821,000 after buying an additional 1,310 shares during the period. Finally, 1st Global Advisors Inc. boosted its position in ILG by 15.5% in the first quarter. 1st Global Advisors Inc. now owns 11,694 shares of the business services provider’s stock worth $245,000 after buying an additional 1,570 shares during the period. 71.26% of the stock is currently owned by institutional investors and hedge funds.

ILG Company Profile 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ILG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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