Park Hotels & Resorts (NYSE:PK) Stock Rating Raised to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Park Hotels & Resorts (NYSE:PK) from a hold rating to a strong-buy rating in a report issued on Thursday,Zacks reports.

Several other equities analysts have also weighed in on PK. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $18.00 price target on shares of Park Hotels & Resorts in a research note on Friday, August 14th. JPMorgan Chase & Co. increased their price target on Park Hotels & Resorts from $14.00 to $16.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 21st. Cantor Fitzgerald raised their price objective on Park Hotels & Resorts from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded Park Hotels & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Finally, Morgan Stanley upped their target price on Park Hotels & Resorts from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Monday, October 12th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $16.64.

Park Hotels & Resorts Stock Down 1.4%

PK opened at $16.58 on Thursday. Park Hotels & Resorts has a fifty-two week low of $9.84 and a fifty-two week high of $17.14. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.53 and a current ratio of 1.53. The company has a fifty day moving average of $15.63 and a two-hundred day moving average of $13.23. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of -19.98 and a beta of 1.36.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. Park Hotels & Resorts had a negative net margin of 6.41% and a negative return on equity of 5.23%. The business had revenue of $680.00 million during the quarter, compared to the consensus estimate of $659.68 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The company’s revenue was up 1.2% compared to the same quarter last year. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. On average, research analysts expect that Park Hotels & Resorts will post 1.87 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Park Hotels & Resorts in the 2nd quarter valued at $444,311,000. Donald Smith & CO. Inc. acquired a new stake in shares of Park Hotels & Resorts during the 2nd quarter worth about $207,120,000. Bank of America Corp DE acquired a new stake in shares of Park Hotels & Resorts during the 2nd quarter worth about $136,488,000. Dimensional Fund Advisors LP raised its holdings in Park Hotels & Resorts by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,834,320 shares of the financial services provider’s stock valued at $29,847,000 after buying an additional 102,160 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in Park Hotels & Resorts by 58.8% in the 1st quarter. Quantinno Capital Management LP now owns 2,075,796 shares of the financial services provider’s stock valued at $21,858,000 after buying an additional 768,369 shares during the period. Hedge funds and other institutional investors own 92.69% of the company’s stock.

About Park Hotels & Resorts

Park Hotels & Resorts Inc (NYSE: PK) is a real estate investment trust focused on owning and operating hotels and resorts. The company’s portfolio includes full-service properties in major business and leisure destinations, with hotels operating under Hilton brands as well as other nationally recognized and independent brands.

Park’s properties provide lodging, food and beverage, meeting and event facilities, and other hospitality services. Its hotels are located primarily in the United States, including gateway cities, convention markets, and resort destinations.

Park Hotels & Resorts was formed in 2017 through a spin-off from Hilton Worldwide Holdings.