Could Hilton Grand Vacations Inc. (HGV) Gain Strenght After Forming Bullish Wedge Up Pattern?

March 14, 2018 - By Louis Casey

The stock of Hilton Grand Vacations Inc. (HGV) formed an up wedge with $48.83 target or 4.00 % above today’s $46.95 share price. The 8 months wedge indicates low risk for the $4.66 billion company. If the $48.83 price target is reached, the company will be worth $186.40 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 2.51% or $1.15 during the last trading session, reaching $46.95. About 1.15M shares traded or 88.40% up from the average. Hilton Grand Vacations Inc. (NYSE:HGV) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Hilton Grand Vacations Inc. (NYSE:HGV) to report earnings on May, 2. They expect $0.62 earnings per share, up 21.57 % or $0.11 from last year’s $0.51 per share. HGV’s profit will be $61.54 million for 18.93 P/E if the $0.62 EPS becomes a reality. After $0.52 actual earnings per share reported by Hilton Grand Vacations Inc. for the previous quarter, Wall Street now forecasts 19.23 % EPS growth.

Hilton Grand Vacations Inc. (NYSE:HGV) Ratings Coverage

Among 5 analysts covering Hilton Grand Vacations (NYSE:HGV), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Hilton Grand Vacations had 6 analyst reports since January 5, 2017 according to SRatingsIntel. The company was initiated on Monday, June 19 by Buckingham Research. Goldman Sachs upgraded the shares of HGV in report on Thursday, January 19 to “Buy” rating. The rating was initiated by JP Morgan on Wednesday, April 12 with “Overweight”. Janney Capital maintained it with “Buy” rating and $38 target in Friday, April 21 report. Goldman Sachs initiated the stock with “Neutral” rating in Thursday, January 5 report. The stock has “Buy” rating by Nomura on Thursday, January 5.

More notable recent Hilton Grand Vacations Inc. (NYSE:HGV) news were published by: which released: “Hilton Grand Vacations’ (HGV) CEO Mark Wang on Q4 2017 Results – Earnings Call …” on March 02, 2018, also with their article: “Bull of the Day: Hilton Grand Vacations (HGV)” published on March 07, 2018, published: “Hilton Grand Vacations to Report Fourth-Quarter and Full-Year 2017 Results” on February 15, 2018. More interesting news about Hilton Grand Vacations Inc. (NYSE:HGV) were released by: and their article: “Deals of the day-Mergers and acquisitions” published on March 14, 2018 as well as‘s news article titled: “HNA Is Shedding Its Stake in Hilton Grand Vacations After 88% Gain” with publication date: March 13, 2018.

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