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

Park Hotels & Resorts (NYSE:PK) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other equities analysts also recently issued reports on the company. Evercore ISI lowered their price objective on Park Hotels & Resorts from $20.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Wolfe Research downgraded Park Hotels & Resorts from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 26th. 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 note on Monday, October 21st. UBS Group decreased their target price on Park Hotels & Resorts from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. Finally, Truist Financial decreased their target price on Park Hotels & Resorts from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.36.

Park Hotels & Resorts Trading Up 0.2 %

Shares of PK traded up $0.02 during mid-day trading on Wednesday, reaching $14.08. 4,555,845 shares of the company were exchanged, compared to its average volume of 2,727,798. Park Hotels & Resorts has a 52 week low of $11.23 and a 52 week high of $18.05. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market capitalization of $2.94 billion, a PE ratio of 9.77, a PEG ratio of 0.72 and a beta of 2.02. The business has a 50 day simple moving average of $14.44 and a two-hundred day simple moving average of $14.96.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.30). Park Hotels & Resorts had a return on equity of 8.77% and a net margin of 11.50%. The company had revenue of $686.00 million for the quarter, compared to the consensus estimate of $694.94 million. On average, analysts predict that Park Hotels & Resorts will post 2.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Park Hotels & Resorts

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of Park Hotels & Resorts by 287.7% during the second quarter. AQR Capital Management LLC now owns 5,252,853 shares of the financial services provider’s stock valued at $77,217,000 after buying an additional 3,897,889 shares during the last quarter. Jupiter Asset Management Ltd. boosted its position in shares of Park Hotels & Resorts by 286.9% during the second quarter. Jupiter Asset Management Ltd. now owns 2,597,091 shares of the financial services provider’s stock valued at $38,904,000 after buying an additional 1,925,850 shares during the last quarter. Donald Smith & CO. Inc. boosted its position in shares of Park Hotels & Resorts by 22.5% during the third quarter. Donald Smith & CO. Inc. now owns 8,077,286 shares of the financial services provider’s stock valued at $113,890,000 after buying an additional 1,484,295 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Park Hotels & Resorts by 15,714.0% during the first quarter. SG Americas Securities LLC now owns 1,301,019 shares of the financial services provider’s stock valued at $22,755,000 after buying an additional 1,292,792 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its position in shares of Park Hotels & Resorts by 135.7% during the first quarter. Epoch Investment Partners Inc. now owns 1,391,881 shares of the financial services provider’s stock valued at $24,344,000 after buying an additional 801,372 shares during the last quarter. Institutional investors and hedge funds 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.