Park Hotels & Resorts Inc. (NYSE:PK) Receives Average Recommendation of "Hold" from Analysts

Park Hotels & Resorts Inc. (NYSE:PK - Get Free Report) has received an average rating of "Hold" from the twelve analysts that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $17.36.

A number of equities analysts have recently issued reports on the stock. Evercore ISI reduced their target price on shares of Park Hotels & Resorts from $20.00 to $19.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 13th. Wells Fargo & Company reduced their price objective on Park Hotels & Resorts from $17.00 to $14.50 and set an "equal weight" rating on the stock in a report on Friday, September 13th. StockNews.com cut Park Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Monday, October 14th. Wolfe Research lowered Park Hotels & Resorts from an "outperform" rating to a "peer perform" rating in a research note on Thursday, September 26th. Finally, Truist Financial lowered their price objective on Park Hotels & Resorts from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th.

Institutional Trading of Park Hotels & Resorts

Several hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Park Hotels & Resorts during the first quarter worth $1,156,000. Blue Zone Wealth Advisors LLC raised its stake in shares of Park Hotels & Resorts by 2.4% in the 1st quarter. Blue Zone Wealth Advisors LLC now owns 251,854 shares of the financial services provider's stock valued at $4,405,000 after purchasing an additional 5,825 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Park Hotels & Resorts by 328.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 135,228 shares of the financial services provider's stock valued at $2,365,000 after purchasing an additional 103,665 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of Park Hotels & Resorts by 2.2% during the first quarter. State of Michigan Retirement System now owns 51,529 shares of the financial services provider's stock worth $901,000 after buying an additional 1,100 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Park Hotels & Resorts by 1.9% during the first quarter. Principal Financial Group Inc. now owns 1,269,438 shares of the financial services provider's stock worth $22,202,000 after buying an additional 23,875 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Park Hotels & Resorts Price Performance

Shares of NYSE:PK traded up $0.04 on Friday, hitting $13.90. The stock had a trading volume of 3,712,509 shares, compared to its average volume of 2,716,538. The firm's 50 day moving average price is $14.46 and its 200-day moving average price is $15.04. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.58 and a current ratio of 1.58. Park Hotels & Resorts has a twelve month low of $11.05 and a twelve month high of $18.05. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 0.72 and a beta of 2.02.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $0.30 EPS for the quarter, missing the consensus estimate 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 business had revenue of $686.00 million during the quarter, compared to analyst estimates of $694.94 million. On average, equities research analysts predict that Park Hotels & Resorts will post 2.09 earnings per share for the current year.

Park Hotels & Resorts Company Profile

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.