Park Hotels & Resorts (NYSE:PK) Upgraded at StockNews.com

StockNews.com upgraded shares of Park Hotels & Resorts (NYSE:PK) from a sell rating to a hold rating in a report published on Wednesday morning.

PK has been the subject of several other reports. Wells Fargo & Company decreased their price target on shares of Park Hotels & Resorts from $17.00 to $14.50 and set an “equal weight” rating for the company in a research note on Friday, September 13th. Bank of America decreased their target price on Park Hotels & Resorts from $17.00 to $16.50 and set a “neutral” rating for the company in a research report on Monday, October 21st. Evercore ISI cut their price target on Park Hotels & Resorts from $20.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. UBS Group decreased their price objective on Park Hotels & Resorts from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 16th. Finally, Truist Financial cut their target price on Park Hotels & Resorts from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.58.

Park Hotels & Resorts Stock Down 0.4 %

Shares of NYSE:PK opened at $13.84 on Wednesday. The business’s 50-day moving average is $14.38 and its 200-day moving average is $14.91. Park Hotels & Resorts has a 1 year low of $12.09 and a 1 year high of $18.05. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 8.82, a P/E/G ratio of 0.72 and a beta of 2.02. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.51 and a quick ratio of 1.58.

Park Hotels & Resorts (NYSE:PK) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.21). The business had revenue of $649.00 million for the quarter, compared to the consensus estimate of $646.15 million. Park Hotels & Resorts had a return on equity of 9.63% and a net margin of 12.66%. Park Hotels & Resorts’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share. Equities research analysts predict that Park Hotels & Resorts will post 2.09 earnings per share for the current year.

Institutional Trading of Park Hotels & Resorts

Several institutional investors have recently made changes to their positions in PK. Fidelis Capital Partners LLC purchased a new stake in shares of Park Hotels & Resorts during the first quarter valued at approximately $26,000. Harbor Capital Advisors Inc. bought a new position in Park Hotels & Resorts in the 3rd quarter valued at $33,000. Quarry LP increased its position in shares of Park Hotels & Resorts by 82.1% during the 2nd quarter. Quarry LP now owns 4,118 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 1,857 shares during the last quarter. Claro Advisors LLC purchased a new position in shares of Park Hotels & Resorts in the 3rd quarter worth about $69,000. Finally, FinTrust Capital Advisors LLC grew its position in Park Hotels & Resorts by 260.5% during the first quarter. FinTrust Capital Advisors LLC now owns 5,076 shares of the financial services provider’s stock valued at $89,000 after buying an additional 3,668 shares during the period. Institutional investors own 92.69% of the company’s stock.

About Park Hotels & Resorts

Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations.