Analysts Set Park Hotels & Resorts Inc. (NYSE:PK) PT at $17.36

Shares of Park Hotels & Resorts Inc. (NYSE:PK) have received a consensus rating of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $17.58.

Several research analysts recently commented on PK shares. Wells Fargo & Company decreased their target price on shares of Park Hotels & Resorts from $17.00 to $14.50 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. Wolfe Research cut shares of Park Hotels & Resorts from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 26th. StockNews.com upgraded shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Wednesday. UBS Group cut their price target on shares of Park Hotels & Resorts from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 16th. Finally, Truist Financial cut their price target on shares of Park Hotels & Resorts from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th.

Hedge Funds Weigh In On Park Hotels & Resorts

Several large investors have recently modified their holdings of the stock. Fidelis Capital Partners LLC purchased a new position in Park Hotels & Resorts in the 1st quarter worth about $26,000. Harbor Capital Advisors Inc. purchased a new position in Park Hotels & Resorts in the 3rd quarter worth about $33,000. Quarry LP raised its position in Park Hotels & Resorts by 82.1% in the 2nd quarter. Quarry LP now owns 4,118 shares of the financial services provider’s stock worth $62,000 after buying an additional 1,857 shares during the last quarter. Claro Advisors LLC purchased a new position in Park Hotels & Resorts in the 3rd quarter worth about $69,000. Finally, FinTrust Capital Advisors LLC increased its position in shares of Park Hotels & Resorts by 260.5% during the 1st quarter. FinTrust Capital Advisors LLC now owns 5,076 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 3,668 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Trading Down 1.1 %

PK stock opened at $13.90 on Friday. The company has a market capitalization of $2.90 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 0.72 and a beta of 2.02. Park Hotels & Resorts has a one year low of $11.23 and a one year high of $18.05. The company’s 50 day moving average price is $14.40 and its two-hundred day moving average price is $14.94. 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 (NYSE:PK) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $694.94 million. As a group, analysts predict that Park Hotels & Resorts will post 2.09 earnings per share for the current fiscal year.

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.