Hilton Worldwide (NYSE:HLT)‘s stock had its “buy” rating restated by equities research analysts at Royal Bank of Canada in a research report issued on Tuesday. They currently have a $93.00 target price on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 16.25% from the stock’s previous close.
Several other research firms also recently commented on HLT. SunTrust Banks raised their price target on shares of Hilton Worldwide to $92.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. raised their price target on shares of Hilton Worldwide from $90.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Wells Fargo & Co raised their price target on shares of Hilton Worldwide from $78.00 to $88.00 and gave the stock a “market perform” rating in a research note on Thursday, February 15th. B. Riley reaffirmed a “neutral” rating and issued a $84.00 price target (up previously from $73.00) on shares of Hilton Worldwide in a research note on Wednesday, February 14th. Finally, TheStreet raised shares of Hilton Worldwide from a “c” rating to a “b” rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $80.44.
Hilton Worldwide (HLT) traded down $2.14 during trading on Tuesday, hitting $80.00. 3,023,671 shares of the stock traded hands, compared to its average volume of 2,253,325. The company has a market cap of $26,493.86, a price-to-earnings ratio of 20.65, a PEG ratio of 6.03 and a beta of 1.32. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.16. Hilton Worldwide has a 12-month low of $55.79 and a 12-month high of $88.11.
Hilton Worldwide declared that its board has approved a share repurchase plan on Thursday, November 16th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently bought and sold shares of HLT. Moisand Fitzgerald Tamayo LLC purchased a new position in Hilton Worldwide during the 3rd quarter valued at about $151,000. Hilton Capital Management LLC purchased a new position in Hilton Worldwide during the 3rd quarter valued at about $208,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Hilton Worldwide in the 3rd quarter worth approximately $208,000. Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Hilton Worldwide in the 4th quarter worth approximately $208,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Hilton Worldwide in the 2nd quarter worth approximately $219,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.
About Hilton Worldwide
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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