BMO Capital analyst Ari Klein maintained a Hold rating on Park Hotels & Resorts (PK – Research Report) today and set a price target of $14.00. The company’s shares closed yesterday at $11.09.
Klein covers the Financial sector, focusing on stocks such as Digital Realty, Pebblebrook Hotel, and Park Hotels & Resorts. According to TipRanks, Klein has an average return of 5.4% and a 54.61% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Park Hotels & Resorts with a $17.28 average price target, a 55.82% upside from current levels. In a report released on December 14, Bank of America Securities also maintained a Hold rating on the stock with a $15.00 price target.
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Based on Park Hotels & Resorts’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $662 million and a net profit of $35 million. In comparison, last year the company earned a revenue of $423 million and had a GAAP net loss of $86 million
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PK in relation to earlier this year.
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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. The company was founded by Conrad Hilton in 1919 and is headquartered in Tysons, VA.
Read More on PK:
- Park Hotels & Resorts Inc. Provides Update on Recent Operating Trends and Capital Allocation Activity
- Park Hotels & Resorts declares Q4 dividend of 25c per share
- Park Hotels & Resorts Inc. Announces Fourth Quarter Dividend of $0.25 Per Share
- Park Hotels & Resorts initiated with an Equal Weight at Morgan Stanley
- Park Hotels & Resorts Inc. Completes Upsize of Revolving Credit Facility to $950 Million and Extends Maturity to 2026
