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

Park Hotels & Resorts Inc. (NYSE:PK) has received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $18.09.

Several analysts have recently issued reports on PK shares. UBS Group upped their target price on shares of Park Hotels & Resorts from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Evercore ISI decreased their price objective on shares of Park Hotels & Resorts from $20.00 to $19.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Truist Financial dropped their target price on shares of Park Hotels & Resorts from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Wolfe Research lowered Park Hotels & Resorts from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 26th. Finally, Compass Point dropped their price target on Park Hotels & Resorts from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, October 31st.

Institutional Investors Weigh In On Park Hotels & Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in shares of Park Hotels & Resorts in the third quarter worth about $33,000. Venturi Wealth Management LLC grew its stake in Park Hotels & Resorts by 281.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,850 shares of the financial services provider’s stock valued at $54,000 after buying an additional 2,841 shares in the last quarter. Quarry LP grew its stake 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 valued at $62,000 after buying an additional 1,857 shares in the last quarter. Claro Advisors LLC bought a new stake in Park Hotels & Resorts during the 3rd quarter valued at $69,000. Finally, EntryPoint Capital LLC lifted its position in shares of Park Hotels & Resorts by 53.5% during the first quarter. EntryPoint Capital LLC now owns 6,488 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 2,260 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

Park Hotels & Resorts Trading Up 3.0 %

NYSE:PK opened at $15.50 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.51 and a quick ratio of 1.51. Park Hotels & Resorts has a one year low of $13.23 and a one year high of $18.05. The company has a market cap of $3.20 billion, a PE ratio of 9.87, a PEG ratio of 0.83 and a beta of 2.02. The firm has a 50-day moving average of $14.43 and a 200-day moving average of $14.73.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings data 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 company had revenue of $649.00 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. As a group, equities research analysts expect that Park Hotels & Resorts will post 2.09 EPS for the current fiscal 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.