Shares of Park Hotels & Resorts Inc (NYSE:PK) have been given an average recommendation of “Hold” by the sixteen ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $13.10.
Several brokerages have recently weighed in on PK. Zacks Investment Research lowered shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, July 15th. TheStreet downgraded shares of Park Hotels & Resorts from a “c” rating to a “d” rating in a research report on Monday, May 11th. Raymond James decreased their target price on shares of Park Hotels & Resorts from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, July 14th. UBS Group decreased their target price on shares of Park Hotels & Resorts from $24.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Finally, Capital One Financial downgraded shares of Park Hotels & Resorts from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 29th.
In other news, Director Thomas A. Natelli acquired 12,500 shares of Park Hotels & Resorts stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $11.10 per share, with a total value of $138,750.00. Following the transaction, the director now owns 112,898 shares of the company’s stock, valued at approximately $1,253,167.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas A. Natelli acquired 7,500 shares of Park Hotels & Resorts stock in a transaction on Monday, June 15th. The stock was purchased at an average cost of $11.39 per share, with a total value of $85,425.00. Following the completion of the transaction, the director now directly owns 112,898 shares in the company, valued at approximately $1,285,908.22. The disclosure for this purchase can be found here. Insiders acquired a total of 50,000 shares of company stock valued at $555,675 over the last ninety days. 0.60% of the stock is currently owned by insiders.
Shares of NYSE PK opened at $8.27 on Tuesday. The firm’s 50-day moving average price is $9.80 and its 200-day moving average price is $12.95. Park Hotels & Resorts has a 1-year low of $3.99 and a 1-year high of $27.03. The firm has a market capitalization of $1.95 billion, a P/E ratio of 3.38 and a beta of 2.03. The company has a current ratio of 5.41, a quick ratio of 5.41 and a debt-to-equity ratio of 0.92.
Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings data on Monday, May 11th. The financial services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.33). Park Hotels & Resorts had a negative net margin of 17.17% and a negative return on equity of 7.95%. The company had revenue of $599.00 million for the quarter, compared to analyst estimates of $572.02 million. During the same quarter in the prior year, the company posted $0.67 EPS. Park Hotels & Resorts’s revenue for the quarter was down 9.1% on a year-over-year basis. Equities research analysts forecast that Park Hotels & Resorts will post -0.86 EPS for the current year.
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 consists of 52 premium-branded hotels and resorts with over 30,000 rooms, a substantial portion of which are located in prime United States markets with high barriers to entry.
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