Analysts Set Park Hotels & Resorts Inc (NYSE:PK) PT at $31.86

Share on StockTwits

Shares of Park Hotels & Resorts Inc (NYSE:PK) have received an average rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $31.86.

A number of research firms have recently issued reports on PK. Deutsche Bank set a $33.00 target price on shares of Park Hotels & Resorts and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Zacks Investment Research upgraded shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Capital One Financial began coverage on shares of Park Hotels & Resorts in a research note on Tuesday, June 25th. They set an “overweight” rating and a $34.00 target price for the company. Finally, TheStreet cut shares of Park Hotels & Resorts from a “b-” rating to a “c” rating in a research note on Wednesday, June 5th.

Shares of PK opened at $23.75 on Tuesday. The firm has a 50-day moving average of $26.26 and a 200-day moving average of $29.32. Park Hotels & Resorts has a one year low of $23.12 and a one year high of $34.27. The company has a market cap of $4.86 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 2.14 and a beta of 1.26. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.74 and a quick ratio of 1.74.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.42). The firm had revenue of $703.00 million during the quarter, compared to the consensus estimate of $694.08 million. Park Hotels & Resorts had a net margin of 10.52% and a return on equity of 5.06%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS. Analysts expect that Park Hotels & Resorts will post 2.87 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. California Public Employees Retirement System increased its holdings in Park Hotels & Resorts by 10.8% in the 2nd quarter. California Public Employees Retirement System now owns 329,520 shares of the financial services provider’s stock valued at $9,082,000 after buying an additional 32,030 shares during the period. Pictet Asset Management Ltd. grew its holdings in shares of Park Hotels & Resorts by 8.7% during the 2nd quarter. Pictet Asset Management Ltd. now owns 37,300 shares of the financial services provider’s stock valued at $1,028,000 after purchasing an additional 3,000 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Park Hotels & Resorts by 64.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,623,543 shares of the financial services provider’s stock valued at $44,744,000 after purchasing an additional 633,558 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Park Hotels & Resorts by 0.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 65,998 shares of the financial services provider’s stock valued at $1,819,000 after purchasing an additional 458 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Park Hotels & Resorts during the 2nd quarter valued at approximately $578,000.

About Park Hotels & Resorts

Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio consists of 52 premium-branded hotels and resorts with over 30,000 rooms, a substantial portion of which are located in prime United States markets with high barriers to entry.

Further Reading: Options Trading – Understanding Strike Price

Analyst Recommendations for Park Hotels & Resorts (NYSE:PK)

Receive News & Ratings for Park Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Tufin Software Technologies Ltd  Given Average Recommendation of “Buy” by Analysts
Tufin Software Technologies Ltd Given Average Recommendation of “Buy” by Analysts
Sealchain Reaches 24 Hour Volume of $1.98 Million
Sealchain Reaches 24 Hour Volume of $1.98 Million
AtriCure Inc.  Given Average Rating of “Buy” by Brokerages
AtriCure Inc. Given Average Rating of “Buy” by Brokerages
Cryptonex 24-Hour Volume Tops $3.12 Million
Cryptonex 24-Hour Volume Tops $3.12 Million
Aegeus  Price Hits $0.0015 on Top Exchanges
Aegeus Price Hits $0.0015 on Top Exchanges
The Currency Analytics Reaches Market Capitalization of $231,864.00
The Currency Analytics Reaches Market Capitalization of $231,864.00


 
© 2006-2019 Zolmax.