Compass Point Has Lowered Expectations for Park Hotels & Resorts (NYSE:PK) Stock Price

Park Hotels & Resorts (NYSE:PK) had its price objective reduced by Compass Point from $25.00 to $20.00 in a research note issued to investors on Thursday morning, Benzinga reports. Compass Point currently has a buy rating on the financial services provider’s stock.

Other equities research analysts have also issued reports about the stock. Wolfe Research lowered shares of Park Hotels & Resorts from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 26th. Wells Fargo & Company reduced their price objective on Park Hotels & Resorts from $17.00 to $14.50 and set an “equal weight” rating for the company in a research report on Friday, September 13th. StockNews.com upgraded Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday. UBS Group lowered their price objective on shares of Park Hotels & Resorts from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th. Finally, Truist Financial reduced their target price on shares of Park Hotels & Resorts from $20.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.58.

Park Hotels & Resorts Trading Down 0.4 %

Park Hotels & Resorts stock opened at $13.84 on Thursday. Park Hotels & Resorts has a one year low of $12.09 and a one year high of $18.05. The business’s fifty day moving average is $14.38 and its 200 day moving average is $14.91. The stock has a market capitalization of $2.86 billion, a PE ratio of 8.82, a price-to-earnings-growth 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 announced 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). Park Hotels & Resorts had a net margin of 12.66% and a return on equity of 9.63%. The company had revenue of $649.00 million for the quarter, compared to analysts’ expectations of $646.15 million. During the same period in the previous year, the business earned $0.51 EPS. The business’s revenue was down 4.4% compared to the same quarter last year. On average, sell-side analysts predict that Park Hotels & Resorts will post 2.09 EPS for the current year.

Institutional Investors Weigh In On Park Hotels & Resorts

Institutional investors have recently bought and sold shares of the business. Fidelis Capital Partners LLC bought a new position in Park Hotels & Resorts in the 1st quarter worth approximately $26,000. Harbor Capital Advisors Inc. bought a new position in shares of Park Hotels & Resorts during the third quarter worth $33,000. Quarry LP boosted its position in shares of Park Hotels & Resorts by 82.1% during the second quarter. Quarry LP now owns 4,118 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 1,857 shares during the last quarter. Claro Advisors LLC purchased a new position in Park Hotels & Resorts during the third quarter valued at $69,000. Finally, FinTrust Capital Advisors LLC increased its holdings in Park Hotels & Resorts by 260.5% in the 1st quarter. FinTrust Capital Advisors LLC now owns 5,076 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 3,668 shares during the last quarter. Hedge funds and other 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.