Interval Leisure Group (IILG) is Upgraded by MKM Partners to Buy, Raises Price Target to $ 25

Interval Leisure Group (IILG) was Upgraded by MKM Partners to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 25 from a previous price target of $16.50 . Earlier the firm had a rating of “Neutral ” on the company shares. MKM Partners advised their investors in a research report released on Jul 14, 2016.

On the company’s financial health, Interval Leisure Group reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.40. The company had revenue of $185.90 million for the quarter, compared to analysts expectations of $191.29 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Interval Leisure Group opened for trading at $17.13 and hit $17.23 on the upside on Wednesday, eventually ending the session at $17.12, with a gain of 0.06% or 0.01 points. The heightened volatility saw the trading volume jump to 14,12,453 shares. Company has a market cap of $2,233 M.

In a different news, on Jun 6, 2016, Thomas O Ryder (director) purchased 30,000 shares at $14.68 per share price. According to the SEC, on Dec 8, 2015, William L Harvey (CFO) purchased 3,500 shares at $14.41 per share price. On Dec 8, 2015, Jeanette E Marbert (COO) purchased 3,500 shares at $14.26 per share price, according to the Form-4 filing with the securities and exchange commission.

Interval Leisure Group Inc. (ILG) is a global provider of non-traditional lodging encompassing a portfolio of leisure businesses from exchange and vacation rental to 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. Its Vacation Ownership segment is engaged in the management of vacation ownership resorts; sales marketing and financing of vacation ownership interests and related services to owners and associations.

Interval Leisure Group

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