Wedbush Affirms Neutral Rating on Park Hotels & Resorts (NYSE:PK)

Park Hotels & Resorts (NYSE:PK – Get Free Report)Stock market research analysts at Wedbush confirmed their “neutral” recommendation in a report published on Tuesday, Benzinga reports. They currently have a $17.00 price target on the financial services provider’s stock. Wedbush’s price target suggests a potential upside of 5.92% from the previous close.

Many other analysts have also recently commented on the company. Wells Fargo & Company increased their price target on Park Hotels & Resorts from $17.00 to $18.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. In a research report issued on Friday, March 22, Citigroup raised Park Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price target for the company from $14.00 to $20.00. In a research report issued on Wednesday, May 15, Evercore ISI upgraded Park Hotels & Resorts from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $19.00 to $20.00. On Wednesday, May 1, StockNews.com upgraded its recommendation for Park Hotels & Resorts from “sell” to “hold”. Finally, Truist Financial increased their price target on Park Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Seven analysts rated the company’s shares with a hold rating and six with a buy rating. The company has an average rating of “Hold” and a consensus price target of $17.92, according to MarketBeat.com.

Check out our latest stock analysis on PK

Park Hotels & Resorts price results

On Tuesday, PK opened at $16.05. The company has a debt to equity ratio of 1.20, a quick ratio of 1.48 and a current ratio of 1.48. Park Hotels & Resorts has a 52-week low of $11.05 and a 52-week high of $18.05. The stock has a market capitalization of $3.38 billion, a PE ratio of 36.48, a price-to-earnings ratio of 0.79 and a beta of 2.03. The stock’s 50-day moving average price is $16.69 and its 200-day moving average price is $16.03.

Park Hotels & Resorts (NYSE:PK – Get Free Report) last released its earnings results on Tuesday, April 30th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42. Park Hotels & Resorts achieved a net margin of 3.42% and a return on equity of 3.08%. The company’s revenue for the quarter was $639.00 million, compared to analyst expectations of $630.46 million. On average, equity research analysts expect Park Hotels & Resorts to post 2.08 EPS this year.

Hedge funds are charging Park Hotels & Resorts

Hedge funds have recently made changes to their positions in the industry. EMC Capital Management purchased a new position in Park Hotels & Resorts during the first quarter valued at approximately $351,000. Tidal Investments LLC increased its holdings in Park Hotels & Resorts by 17.9% during the first quarter. Tidal Investments LLC now owns 14,060 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 2,131 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Park Hotels & Resorts by 6.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,058,418 shares of the financial services provider’s stock valued at $18,512,000 after purchasing an additional 63,683 shares in the last quarter. Caxton Associates LP increased its holdings in Park Hotels & Resorts by 633.2% during the first quarter. Caxton Associates LP now owns 128,611 shares of the financial services provider’s stock valued at $2,249,000 after purchasing an additional 111,070 shares in the last quarter. Finally, Bamco Inc. NY purchased a new position in Park Hotels & Resorts during the first quarter valued at approximately $5,574,000. Institutional investors hold 92.69% of the company’s shares.

Park Hotels & Resorts company profile

(Get the free report)

Park is one of the largest publicly traded lodging REITs with a diversified portfolio of market-leading hotels and resorts with significant real estate value. The Park’s portfolio currently consists of 43 premium brand hotels and resorts with over 26,000 rooms, located mainly in prime locations in city centers and resorts.

Park Hotels & Resorts price results

Hedge funds are charging Park Hotels & Resorts

Park Hotels & Resorts company profile

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