Deutsche Bank Cuts Hilton Hotels (NYSE:HLT) Price Target to $93.00

Hilton Hotels (NYSE:HLT) had its price objective lowered by research analysts at Deutsche Bank from $95.00 to $93.00 in a note issued to investors on Thursday, AnalystRatings.com reports. The firm presently has a “hold” rating on the stock. Deutsche Bank’s price objective points to a potential downside of 4.03% from the company’s previous close.

Several other analysts have also commented on HLT. Citigroup increased their price target on shares of Hilton Hotels from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lowered their price target on shares of Hilton Hotels from $102.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Cleveland Research lowered shares of Hilton Hotels from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Sanford C. Bernstein assumed coverage on shares of Hilton Hotels in a research report on Wednesday, September 11th. They issued an “outperform” rating and a $108.00 price target on the stock. Finally, Morgan Stanley increased their price target on shares of Hilton Hotels from $86.00 to $94.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Hilton Hotels currently has an average rating of “Buy” and an average target price of $95.27.

Shares of HLT opened at $96.91 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 78.08. The firm’s 50-day moving average is $93.18 and its two-hundred day moving average is $93.04. Hilton Hotels has a twelve month low of $65.64 and a twelve month high of $101.14. The firm has a market capitalization of $27.47 billion, a P/E ratio of 34.73, a PEG ratio of 3.09 and a beta of 1.10.

Hilton Hotels (NYSE:HLT) last issued its earnings results on Wednesday, October 23rd. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.03. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.39 billion. Hilton Hotels had a net margin of 9.92% and a return on equity of 503.89%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 earnings per share. Analysts predict that Hilton Hotels will post 3.84 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lenox Wealth Management Inc. acquired a new stake in Hilton Hotels during the second quarter worth approximately $28,000. Carroll Financial Associates Inc. boosted its position in Hilton Hotels by 122.4% during the second quarter. Carroll Financial Associates Inc. now owns 318 shares of the company’s stock worth $31,000 after acquiring an additional 175 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in Hilton Hotels during the third quarter worth approximately $34,000. MRA Associates USA LLC acquired a new stake in Hilton Hotels during the second quarter worth approximately $37,000. Finally, Cypress Capital Management LLC WY acquired a new stake in Hilton Hotels during the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 97.50% of the company’s stock.

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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