Park Hotels & Resorts Inc. (NYSE:PK) has been assigned a consensus rating of “Hold” from the seventeen analysts that are currently covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $35.54.
PK has been the topic of several analyst reports. Zacks Investment Research raised shares of Park Hotels & Resorts from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, July 11th. Boenning Scattergood set a $29.00 price target on shares of Park Hotels & Resorts and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Canaccord Genuity dropped their price target on shares of Park Hotels & Resorts from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, August 4th.
Several hedge funds and other institutional investors have recently bought and sold shares of PK. Parallel Advisors LLC boosted its holdings in shares of Park Hotels & Resorts by 3,050.7% in the 2nd quarter. Parallel Advisors LLC now owns 4,789 shares of the financial services provider’s stock valued at $129,000 after buying an additional 4,637 shares during the period. Pacer Advisors Inc. boosted its stake in Park Hotels & Resorts by 53.9% during the 2nd quarter. Pacer Advisors Inc. now owns 5,938 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 2,080 shares during the period. Canada Pension Plan Investment Board acquired a new position in Park Hotels & Resorts during the 3rd quarter valued at about $179,000. QS Investors LLC boosted its stake in Park Hotels & Resorts by 0.3% during the 2nd quarter. QS Investors LLC now owns 7,535 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 22 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Park Hotels & Resorts by 148.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,962 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 5,360 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.
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Shares of Park Hotels & Resorts (PK) traded up $0.15 during midday trading on Wednesday, hitting $29.08. 1,717,684 shares of the stock traded hands, compared to its average volume of 1,073,039. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.21 and a quick ratio of 1.21.
Park Hotels & Resorts (NYSE:PK) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. Park Hotels & Resorts had a net margin of 75.91% and a return on equity of 49.04%. The business had revenue of $688.00 million for the quarter, compared to the consensus estimate of $676.76 million. During the same quarter last year, the firm posted $0.66 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. sell-side analysts expect that Park Hotels & Resorts will post 2.75 earnings per share for the current fiscal year.
Park Hotels & Resorts Company Profile
Park Hotels & Resorts Inc is a lodging real estate company. The Company has a portfolio of hotels and resorts. The Company operates through ownership segment, which includes all of its hotel properties. As of December 31, 2016, the Company’s portfolio consisted of 67 hotels and resorts with over 35,000 rooms located in the United States and international markets.
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