Imperial Capital Reiterates Outperform on Interval Leisure Group (IILG)

November 21, 2016 7:17 AM EST
Get Alerts IILG Hot Sheet
Price: $16.72 --0%

Rating Summary:
    4 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 6 | Down: 10 | New: 6
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Imperial Capital reiterated an Outperform rating and $22.00 price target on Interval Leisure Group (NASDAQ: IILG) as the company continues to report steady growth.

Analyst Gregg Klein commented, "We are maintaining our Outperform rating on the IILG shares and our one-year price target of $22, about 21% above the recent share price. Currently, the company is being valued at a total enterprise value of 7.5x based on our pro forma 2017 earnings estimate. The company has reported steady growth in adjusted EBITDA for the past ten quarters and we have a very positive view of the recent Vistana acquisition. Valuation multiples for the entire vacation ownership industry have rebounded from, a difficult first half, as some of the investor concerns over possible CFPB actions and other potential regulations have failed to occur. Our one-year price target of $22 is based on a pro forma sum-of-the-parts analysis of our 2017 estimates, including valuing its VOI segment at 7.2x (consistent with the recent VAC valuation) and valuing its Exchange and Rental division at a premium at 8.0x, based on its steady and consistent earnings."

For an analyst ratings summary and ratings history on Interval Leisure Group click here. For more ratings news on Interval Leisure Group click here.

Shares of Interval Leisure Group closed at $16.72 yesterday.

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