Park Hotels & Resorts Inc. (NYSE:PK) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Park Hotels & Resorts Inc. (NYSE:PK) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $17.83.

A number of brokerages have recently issued reports on PK. Barclays raised their price objective on Park Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, May 24th. Wedbush reiterated a “neutral” rating and set a $17.00 target price on shares of Park Hotels & Resorts in a report on Tuesday, May 28th. Evercore ISI upgraded shares of Park Hotels & Resorts from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $19.00 to $20.00 in a report on Wednesday, May 15th. StockNews.com upgraded shares of Park Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Truist Financial lowered their price objective on shares of Park Hotels & Resorts from $21.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 30th.

Park Hotels & Resorts Stock Up 0.7 %

Shares of NYSE:PK opened at $15.12 on Wednesday. The stock’s 50-day moving average price is $15.16 and its 200-day moving average price is $15.94. Park Hotels & Resorts has a 12-month low of $11.05 and a 12-month high of $18.05. The stock has a market capitalization of $3.18 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 0.73 and a beta of 2.03. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.20.

Park Hotels & Resorts (NYSE:PK) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). Park Hotels & Resorts had a net margin of 3.42% and a return on equity of 3.08%. The company had revenue of $639.00 million for the quarter, compared to the consensus estimate of $630.46 million. On average, equities analysts anticipate that Park Hotels & Resorts will post 2.11 earnings per share for the current year.

Hedge Funds Weigh In On Park Hotels & Resorts

Large investors have recently made changes to their positions in the business. Retirement Systems of Alabama increased its position in shares of Park Hotels & Resorts by 0.3% during the first quarter. Retirement Systems of Alabama now owns 263,688 shares of the financial services provider’s stock valued at $4,612,000 after acquiring an additional 693 shares in the last quarter. Cascade Investment Advisors Inc. increased its position in shares of Park Hotels & Resorts by 1.1% during the fourth quarter. Cascade Investment Advisors Inc. now owns 66,222 shares of the financial services provider’s stock valued at $1,013,000 after acquiring an additional 725 shares in the last quarter. Signaturefd LLC increased its position in shares of Park Hotels & Resorts by 12.7% during the fourth quarter. Signaturefd LLC now owns 6,437 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 727 shares in the last quarter. Truist Financial Corp increased its position in shares of Park Hotels & Resorts by 3.8% during the fourth quarter. Truist Financial Corp now owns 22,335 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 816 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC increased its position in shares of Park Hotels & Resorts by 0.4% during the second quarter. Blue Zone Wealth Advisors LLC now owns 252,737 shares of the financial services provider’s stock valued at $3,786,000 after acquiring an additional 883 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

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.