Brokerages Set ILG Inc. (NASDAQ:ILG) Target Price at $27.00

Shares of ILG Inc. (NASDAQ:ILG) have received an average recommendation of “Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $26.67.

ILG has been the topic of a number of recent analyst reports. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $26.00 target price (up from $22.00) on shares of ILG in a report on Friday, April 21st. CIBC boosted their target price on shares of ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. Zacks Investment Research raised shares of ILG from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, Imperial Capital lifted their price objective on shares of ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 30th.

COPYRIGHT VIOLATION NOTICE: “Brokerages Set ILG Inc. (NASDAQ:ILG) Target Price at $27.00” was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://sportsperspectives.com/2017/08/10/ilg-inc-nasdaqilg-given-average-rating-of-buy-by-analysts-updated-updated-updated.html.

Shares of ILG (NASDAQ:ILG) opened at 25.89 on Monday. The firm has a 50-day moving average of $27.30 and a 200 day moving average of $23.20. ILG has a 1-year low of $15.94 and a 1-year high of $28.99. The stock has a market capitalization of $3.23 billion, a PE ratio of 10.72 and a beta of 1.47.

ILG (NASDAQ:ILG) last issued its earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. The business had revenue of $450 million for the quarter, compared to the consensus estimate of $432.86 million. ILG had a net margin of 7.32% and a return on equity of 11.41%. ILG’s revenue was up 51.5% on a year-over-year basis. On average, equities analysts anticipate that ILG will post $1.19 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.32%. ILG’s dividend payout ratio (DPR) is 57.69%.

Large investors have recently made changes to their positions in the stock. Creative Planning boosted its stake in shares of ILG by 6.3% in the second quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock worth $146,000 after buying an additional 316 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of ILG by 11.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock worth $147,000 after buying an additional 550 shares during the last quarter. Strs Ohio boosted its stake in shares of ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock worth $113,000 after buying an additional 2,100 shares during the last quarter. Sei Investments Co. boosted its stake in shares of ILG by 33.2% in the first quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock worth $143,000 after buying an additional 1,701 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in shares of ILG during the second quarter worth about $239,000. 81.97% of the stock is owned by institutional investors.

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.

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.

Latest News

Leave a Reply