Park Hotels & Resorts (NYSE:PK) Stock Rating Upgraded by Zacks Research

Park Hotels & Resorts (NYSE:PK) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Several other research firms have also recently issued reports on PK. JPMorgan Chase & Co. raised their price target on Park Hotels & Resorts from $14.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday, October 21st. Wells Fargo & Company upped their price target on shares of Park Hotels & Resorts from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Monday, October 26th. Morgan Stanley upped their price target on shares of Park Hotels & Resorts from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Monday, October 12th. BMO Capital Markets upgraded shares of Park Hotels & Resorts from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $14.00 to $18.00 in a research report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $18.00 price target on shares of Park Hotels & Resorts in a research note on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Park Hotels & Resorts presently has a consensus rating of “Hold” and a consensus target price of $16.64.

Park Hotels & Resorts Price Performance

Shares of Park Hotels & Resorts stock opened at $16.58 on Thursday. The firm has a market cap of $3.34 billion, a P/E ratio of 8.37 and a beta of 1.36. The firm’s 50-day simple moving average is $15.63 and its 200-day simple moving average is $13.23. Park Hotels & Resorts has a twelve month low of $9.84 and a twelve month high of $17.14. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.53 and a current ratio of 1.53.

Park Hotels & Resorts (NYSE:PK) last posted its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $680.00 million during the quarter, compared to analyst estimates of $659.68 million. Park Hotels & Resorts had a negative net margin of 6.41% and a negative return on equity of 5.23%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 earnings per share. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, research analysts expect that Park Hotels & Resorts will post 1.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Park Hotels & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in PK. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Park Hotels & Resorts by 788.5% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 115,500 shares of the financial services provider’s stock worth $1,781,000 after purchasing an additional 102,500 shares during the period. North Star Investment Management Corp. boosted its stake in Park Hotels & Resorts by 64.4% during the third quarter. North Star Investment Management Corp. now owns 10,210 shares of the financial services provider’s stock valued at $157,000 after buying an additional 4,000 shares during the period. Oppenheimer & Co. Inc. purchased a new position in Park Hotels & Resorts during the third quarter worth about $169,000. Park Avenue Securities LLC grew its position in Park Hotels & Resorts by 40.2% during the third quarter. Park Avenue Securities LLC now owns 36,561 shares of the financial services provider’s stock worth $564,000 after buying an additional 10,484 shares in the last quarter. Finally, Bright Futures Wealth Management LLC. bought a new position in Park Hotels & Resorts in the 3rd quarter worth about $206,000. 92.69% of the stock is owned by institutional investors and hedge funds.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts Inc (NYSE: PK) is a real estate investment trust focused on owning and operating hotels and resorts. The company’s portfolio includes full-service properties in major business and leisure destinations, with hotels operating under Hilton brands as well as other nationally recognized and independent brands.

Park’s properties provide lodging, food and beverage, meeting and event facilities, and other hospitality services. Its hotels are located primarily in the United States, including gateway cities, convention markets, and resort destinations.

Park Hotels & Resorts was formed in 2017 through a spin-off from Hilton Worldwide Holdings.