Park Hotels & Resorts (NYSE:PK) Downgraded by StockNews.com to "Sell"

Park Hotels & Resorts (NYSE:PK - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Tuesday.

Other analysts also recently issued reports about the company. Bank of America reduced 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. Compass Point reduced their target price on Park Hotels & Resorts from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company raised their target price on Park Hotels & Resorts from $16.00 to $17.00 and gave the company an "equal weight" rating in a research note on Monday, December 9th. Jefferies Financial Group reduced their target price on Park Hotels & Resorts from $23.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Finally, UBS Group raised their target price on Park Hotels & Resorts from $14.00 to $15.00 and gave the company a "neutral" rating in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $18.65.

Park Hotels & Resorts Price Performance

Shares of PK traded down $0.28 during trading hours on Tuesday, reaching $13.67. The stock had a trading volume of 3,587,401 shares, compared to its average volume of 4,281,800. Park Hotels & Resorts has a 12 month low of $13.23 and a 12 month high of $18.05. The stock has a market capitalization of $2.82 billion, a PE ratio of 8.71, a PEG ratio of 6.90 and a beta of 2.02. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.51 and a current ratio of 1.51. The company's 50-day moving average is $14.87 and its two-hundred day moving average is $14.62.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.21). The company had revenue of $649.00 million during the quarter, compared to analyst estimates of $646.15 million. Park Hotels & Resorts had a net margin of 12.66% and a return on equity of 9.63%. The business's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 earnings per share. Research analysts expect that Park Hotels & Resorts will post 1.96 EPS for the current year.

Institutional Trading of Park Hotels & Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Park Hotels & Resorts by 18.4% in the third quarter. JPMorgan Chase & Co. now owns 3,488,097 shares of the financial services provider's stock worth $49,182,000 after buying an additional 540,920 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Park Hotels & Resorts by 43.6% during the third quarter. Franklin Resources Inc. now owns 687,580 shares of the financial services provider's stock valued at $9,936,000 after purchasing an additional 208,877 shares during the period. Tidal Investments LLC boosted its stake in shares of Park Hotels & Resorts by 5.5% during the third quarter. Tidal Investments LLC now owns 19,522 shares of the financial services provider's stock valued at $275,000 after purchasing an additional 1,020 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Park Hotels & Resorts during the third quarter valued at approximately $477,000. Finally, Barclays PLC boosted its stake in shares of Park Hotels & Resorts by 22.4% during the third quarter. Barclays PLC now owns 319,593 shares of the financial services provider's stock valued at $4,507,000 after purchasing an additional 58,432 shares during the period. 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.