Park Hotels & Resorts Inc. (NYSE:PK) Receives Consensus Recommendation of “Hold” from Analysts



Shares of Park Hotels & Resorts Inc. (NYSE:PK) have received a consensus recommendation of “Hold” from the seventeen analysts that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $12.08.

A number of equities research analysts have recently commented on PK shares. Raymond James cut shares of Park Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research report on Monday, November 23rd. Citigroup increased their target price on shares of Park Hotels & Resorts from $6.50 to $9.25 and gave the company a “sell” rating in a research report on Monday, September 21st. ValuEngine upgraded shares of Park Hotels & Resorts from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Jefferies Financial Group upgraded shares of Park Hotels & Resorts from a “hold” rating to a “buy” rating and increased their target price for the company from $11.00 to $22.00 in a research report on Monday, November 23rd. Finally, Bank of America upgraded shares of Park Hotels & Resorts from an “underperform” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Tuesday, September 29th.

NYSE:PK opened at $16.72 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 7.04 and a current ratio of 7.04. The company has a fifty day moving average of $11.98 and a two-hundred day moving average of $10.36. The stock has a market capitalization of $3.94 billion, a PE ratio of -4.83 and a beta of 1.84. Park Hotels & Resorts has a fifty-two week low of $3.99 and a fifty-two week high of $26.58.

Park Hotels & Resorts (NYSE:PK) last issued its earnings results on Thursday, November 5th. The financial services provider reported ($1.17) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.52) by ($0.65). The business had revenue of $98.00 million during the quarter, compared to analyst estimates of $122.54 million. Park Hotels & Resorts had a negative net margin of 38.58% and a negative return on equity of 13.76%. Park Hotels & Resorts’s quarterly revenue was down 85.4% on a year-over-year basis. During the same quarter last year, the company earned $0.68 earnings per share. Research analysts forecast that Park Hotels & Resorts will post -1.6 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in PK. Bamco Inc. NY purchased a new position in Park Hotels & Resorts during the second quarter worth about $26,000. Meeder Asset Management Inc. boosted its stake in Park Hotels & Resorts by 1,266.7% during the third quarter. Meeder Asset Management Inc. now owns 2,706 shares of the financial services provider’s stock worth $27,000 after buying an additional 2,508 shares during the period. CI Investments Inc. purchased a new position in Park Hotels & Resorts during the third quarter worth about $29,000. Edmond DE Rothschild Holding S.A. purchased a new position in Park Hotels & Resorts during the second quarter worth about $39,000. Finally, Synovus Financial Corp purchased a new position in Park Hotels & Resorts during the second quarter worth about $55,000. 79.27% of the stock is owned by institutional investors.

Park Hotels & Resorts Company Profile

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 currently consists of 60 premium-branded hotels and resorts with over 33,000 rooms primarily located in prime city center and resort locations.

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



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