Park Hotels & Resorts (NYSE:PK) Rating Lowered to Sell at StockNews.com

Park Hotels & Resorts (NYSE:PK) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

A number of other equities analysts have also weighed in on PK. Truist Financial decreased their target price on Park Hotels & Resorts from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Wells Fargo & Company decreased their price objective on shares of Park Hotels & Resorts from $17.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Jefferies Financial Group cut shares of Park Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their target price for the stock from $19.00 to $10.00 in a report on Wednesday. Finally, UBS Group decreased their target price on shares of Park Hotels & Resorts from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $16.39.

Park Hotels & Resorts Stock Up 0.9 %

Shares of Park Hotels & Resorts stock opened at $9.52 on Thursday. Park Hotels & Resorts has a 52-week low of $8.27 and a 52-week high of $17.40. The stock has a market capitalization of $1.92 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 1.51 and a beta of 1.73. The company has a 50-day simple moving average of $11.58 and a two-hundred day simple moving average of $13.43. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.51 and a current ratio of 1.19.

Park Hotels & Resorts (NYSE:PK) last issued its earnings results on Wednesday, February 19th. The financial services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). Park Hotels & Resorts had a net margin of 8.16% and a return on equity of 5.63%. The business had revenue of $625.00 million for the quarter, compared to analysts’ expectations of $609.05 million. On average, analysts anticipate that Park Hotels & Resorts will post 2.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Park Hotels & Resorts

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Park Hotels & Resorts in the fourth quarter worth about $41,087,000. Deutsche Bank AG raised its stake in Park Hotels & Resorts by 809.3% during the 4th quarter. Deutsche Bank AG now owns 2,415,621 shares of the financial services provider’s stock worth $33,988,000 after acquiring an additional 2,149,972 shares during the period. Landmark Investment Partners L.P. purchased a new position in Park Hotels & Resorts during the fourth quarter valued at approximately $21,342,000. Invesco Ltd. boosted its position in shares of Park Hotels & Resorts by 84.0% in the fourth quarter. Invesco Ltd. now owns 2,837,917 shares of the financial services provider’s stock worth $39,929,000 after purchasing an additional 1,295,548 shares during the period. Finally, Donald Smith & CO. Inc. boosted its position in shares of Park Hotels & Resorts by 13.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 9,200,125 shares of the financial services provider’s stock worth $129,446,000 after purchasing an additional 1,122,839 shares during the period. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts, Inc operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.