Park Hotels & Resorts Inc. (NYSE:PK) Given Average Recommendation of “Hold” by Analysts

Shares of Park Hotels & Resorts Inc. (NYSE:PK) have received a consensus recommendation of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $17.36.

Several research analysts have weighed in on PK shares. StockNews.com lowered Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, October 14th. Wolfe Research lowered Park Hotels & Resorts from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 26th. UBS Group lowered their price target on Park Hotels & Resorts from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. Truist Financial lowered their price target on 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. Finally, Evercore ISI lowered their price target on Park Hotels & Resorts from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th.

Park Hotels & Resorts Trading Up 1.4 %

NYSE PK opened at $13.86 on Friday. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 0.72 and a beta of 2.02. The stock’s 50 day moving average price is $14.47 and its two-hundred day moving average price is $15.06. 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 has a 52 week low of $11.05 and a 52 week high of $18.05.

Park Hotels & Resorts (NYSE:PK) last released its 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). The firm had revenue of $686.00 million during the quarter, compared to the consensus estimate of $694.94 million. Park Hotels & Resorts had a net margin of 11.50% and a return on equity of 8.77%. As a group, analysts anticipate that Park Hotels & Resorts will post 2.09 earnings per share for the current fiscal year.

Institutional Trading of Park Hotels & Resorts

Several institutional investors have recently added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its stake in Park Hotels & Resorts by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 263,688 shares of the financial services provider’s stock valued at $4,612,000 after purchasing an additional 693 shares during the period. Blue Zone Wealth Advisors LLC lifted its position in shares of Park Hotels & Resorts by 0.4% during the 2nd 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 during the period. State of Michigan Retirement System lifted its position in shares of Park Hotels & Resorts by 2.2% during the 1st quarter. State of Michigan Retirement System now owns 51,529 shares of the financial services provider’s stock valued at $901,000 after acquiring an additional 1,100 shares during the period. Arizona State Retirement System lifted its position in shares of Park Hotels & Resorts by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 58,940 shares of the financial services provider’s stock valued at $883,000 after acquiring an additional 1,232 shares during the period. Finally, Bfsg LLC lifted its position in shares of Park Hotels & Resorts by 8.7% during the 3rd quarter. Bfsg LLC now owns 15,440 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 1,235 shares during the period. 92.69% of the stock is currently owned by 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.