UBS Group Raises Park Hotels & Resorts (NYSE:PK) Price Target to $15.00

Park Hotels & Resorts (NYSE:PK - Free Report) had its price objective upped by UBS Group from $14.00 to $15.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider's stock.

A number of other research analysts have also commented on the company. Evercore ISI cut their price target on Park Hotels & Resorts from $20.00 to $19.00 and set an "outperform" rating for the company in a report on Tuesday, August 13th. Bank of America reduced their price target on shares of Park Hotels & Resorts from $17.00 to $16.50 and set a "neutral" rating for the company in a report on Monday, October 21st. Wells Fargo & Company decreased their price target on shares of Park Hotels & Resorts from $17.00 to $14.50 and set an "equal weight" rating on the stock in a research report on Friday, September 13th. Wolfe Research cut shares of Park Hotels & Resorts from an "outperform" rating to a "peer perform" rating in a research note on Thursday, September 26th. Finally, StockNews.com lowered Park Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $18.09.

Park Hotels & Resorts Stock Down 1.4 %

NYSE:PK traded down $0.21 during trading hours on Monday, hitting $14.28. 2,047,627 shares of the stock traded hands, compared to its average volume of 2,778,908. The firm has a 50 day moving average price of $14.36 and a 200 day moving average price of $14.79. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.80 and a beta of 2.02. Park Hotels & Resorts has a fifty-two week low of $13.23 and a fifty-two week high of $18.05. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.24.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.21). The business had revenue of $649.00 million during the quarter, compared to the consensus estimate of $646.15 million. Park Hotels & Resorts had a return on equity of 9.63% and a net margin of 12.66%. The business's revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. Equities research analysts anticipate that Park Hotels & Resorts will post 2.09 earnings per share for the current year.

Institutional Investors Weigh In On Park Hotels & Resorts

A number of hedge funds have recently made changes to their positions in PK. Harbor Capital Advisors Inc. acquired a new stake in shares of Park Hotels & Resorts during the third quarter valued at about $33,000. Venturi Wealth Management LLC boosted its position in Park Hotels & Resorts by 281.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,850 shares of the financial services provider's stock worth $54,000 after buying an additional 2,841 shares during the period. Quarry LP grew its holdings in Park Hotels & Resorts by 82.1% during the 2nd 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 acquired a new position in Park Hotels & Resorts in the 3rd quarter valued at approximately $69,000. Finally, Covestor Ltd raised its stake in shares of Park Hotels & Resorts by 64.8% during the third quarter. Covestor Ltd now owns 6,894 shares of the financial services provider's stock valued at $97,000 after acquiring an additional 2,711 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

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.