Park Hotels & Resorts (NYSE:PK) Stock Rating Lowered by StockNews.com

Park Hotels & Resorts (NYSE:PKGet Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Saturday.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company lifted their price objective on Park Hotels & Resorts from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Jefferies Financial Group upgraded Park Hotels & Resorts from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $21.00 in a research report on Tuesday, January 2nd. Citigroup upgraded Park Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $20.00 in a research report on Friday, March 22nd. UBS Group lifted their price objective on Park Hotels & Resorts from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Finally, Truist Financial lifted their price objective 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $17.58.

Get Our Latest Stock Analysis on PK

Park Hotels & Resorts Stock Performance

Shares of NYSE PK opened at $17.02 on Friday. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 37.00, a P/E/G ratio of 0.66 and a beta of 2.03. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.19. Park Hotels & Resorts has a 1-year low of $11.05 and a 1-year high of $18.05. The stock’s 50-day moving average is $16.64 and its 200 day moving average is $15.12.

Park Hotels & Resorts (NYSE:PKGet Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.39. Park Hotels & Resorts had a return on equity of 2.44% and a net margin of 3.60%. The business had revenue of $657.00 million for the quarter, compared to analyst estimates of $665.16 million. On average, sell-side analysts anticipate that Park Hotels & Resorts will post 2 EPS for the current fiscal year.

Institutional Trading of Park Hotels & Resorts

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Park Hotels & Resorts by 1.7% in the first quarter. Vanguard Group Inc. now owns 33,696,042 shares of the financial services provider’s stock worth $658,084,000 after acquiring an additional 567,015 shares during the period. BlackRock Inc. grew its holdings in Park Hotels & Resorts by 0.9% during the first quarter. BlackRock Inc. now owns 30,213,527 shares of the financial services provider’s stock valued at $373,439,000 after purchasing an additional 278,266 shares during the period. State Street Corp grew its holdings in Park Hotels & Resorts by 5.4% during the second quarter. State Street Corp now owns 13,036,934 shares of the financial services provider’s stock valued at $177,037,000 after purchasing an additional 662,640 shares during the period. Goldman Sachs Group Inc. grew its holdings in Park Hotels & Resorts by 54.6% during the second quarter. Goldman Sachs Group Inc. now owns 11,358,377 shares of the financial services provider’s stock valued at $145,614,000 after purchasing an additional 4,010,239 shares during the period. Finally, Donald Smith & CO. Inc. grew its holdings in Park Hotels & Resorts by 36.0% during the fourth quarter. Donald Smith & CO. Inc. now owns 6,529,666 shares of the financial services provider’s stock valued at $99,904,000 after purchasing an additional 1,728,921 shares during the period. Institutional investors own 92.69% of the company’s stock.

Park Hotels & Resorts Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Park Hotels & Resorts (NYSE:PK)

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