Citizens Lifts PT on Hilton Grand Vacations Inc. (HGV) to $55 From $50 – Here’s Why

Hilton Grand Vacations Inc. (NYSE:HGV) is one of the most undervalued hotel stocks to invest in now. Citizens lifted the price target on Hilton Grand Vacations Inc. (NYSE:HGV) to $55 from $50 on March 9, maintaining an Outperform rating on the shares. The firm stated in a research note that the company’s financial engineering should continue to benefit performance, as around $600 million should be bought back this year. This represents around 20% of the outstanding shares. Citizens further stated that it views the shares as undervalued.

In another development, Jefferies lifted the price target on Hilton Grand Vacations Inc. (NYSE:HGV) to $50 from $46 on March 2, maintaining a Hold rating on the shares and telling investors that timeshares have proven stable and durable in a wide range of circumstances. However, it also stated that the firm believes the environment to be supportive for Hilton Grand Vacations Inc. (NYSE:HGV) to continue integrating its acquisitions, namely Bluegreen and Diamond, and benefit from the gradual recovery in Hawaii, with growth remaining “modest”.

Hilton Grand Vacations Inc. (NYSE:HGV) is a global timeshare company involved in developing, marketing, managing, selling, and operating timeshare resorts, timeshare plans, and ancillary reservation services, primarily under the Hilton Grand Vacations brand. The company’s operations are divided into the Real Estate Sales and Financing and Resort Operations and Club Management segments.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey on Google News.