ValuEngine Downgrades Hilton Hotels (NYSE:HLT) to Hold

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Hilton Hotels (NYSE:HLT) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday, ValuEngine reports.

A number of other equities research analysts have also issued reports on the stock. Wells Fargo & Co lowered shares of Hilton Hotels from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $88.00 to $90.00 in a report on Wednesday, April 24th. Berenberg Bank lowered shares of Hilton Hotels from a “buy” rating to a “hold” rating and upped their price objective for the company from $83.00 to $94.00 in a report on Monday, May 13th. SunTrust Banks lowered shares of Hilton Hotels from a “buy” rating to a “hold” rating and set a $101.00 price objective for the company. in a report on Tuesday, July 16th. Morgan Stanley upped their price objective on shares of Hilton Hotels from $86.00 to $94.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Finally, Citigroup upped their price objective on shares of Hilton Hotels from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $93.10.

Shares of NYSE HLT opened at $91.62 on Tuesday. The firm has a 50-day simple moving average of $96.16 and a 200-day simple moving average of $89.66. The stock has a market capitalization of $26.79 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 2.83 and a beta of 1.09. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 78.08. Hilton Hotels has a 52 week low of $63.76 and a 52 week high of $101.14.

Hilton Hotels (NYSE:HLT) last issued its earnings results on Wednesday, July 24th. The company reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.05. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Hilton Hotels had a net margin of 8.71% and a return on equity of 330.66%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share. As a group, equities research analysts expect that Hilton Hotels will post 3.86 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in shares of Hilton Hotels by 15.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 23,233,493 shares of the company’s stock worth $2,270,842,000 after purchasing an additional 3,174,048 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Hilton Hotels by 0.7% during the second quarter. Vanguard Group Inc. now owns 21,712,911 shares of the company’s stock worth $2,122,219,000 after purchasing an additional 160,990 shares in the last quarter. BlackRock Inc. lifted its position in shares of Hilton Hotels by 3.0% during the second quarter. BlackRock Inc. now owns 18,864,311 shares of the company’s stock worth $1,843,798,000 after purchasing an additional 544,547 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Hilton Hotels by 6.8% during the first quarter. Principal Financial Group Inc. now owns 10,464,989 shares of the company’s stock worth $869,747,000 after purchasing an additional 667,995 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Hilton Hotels by 11.8% during the second quarter. Janus Henderson Group PLC now owns 4,588,301 shares of the company’s stock worth $448,457,000 after purchasing an additional 485,682 shares in the last quarter. 96.63% of the stock is owned by institutional investors.

Hilton Hotels Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Signia Hilton brands.

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Analyst Recommendations for Hilton Hotels (NYSE:HLT)

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