Evercore ISI Lowers Park Hotels & Resorts (NYSE:PK) Price Target to $19.00

Park Hotels & Resorts (NYSE:PK) had its price objective dropped by equities researchers at Evercore ISI from $20.00 to $19.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s target price would suggest a potential upside of 37.68% from the company’s current price.

Several other equities research analysts have also recently commented on PK. Barclays increased their price target on Park Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, May 24th. StockNews.com raised Park Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Wedbush reaffirmed a “neutral” rating and issued a $17.00 price target on shares of Park Hotels & Resorts in a report on Tuesday, May 28th. Finally, Truist Financial lowered their price objective on Park Hotels & Resorts from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.75.

Park Hotels & Resorts Price Performance

Shares of Park Hotels & Resorts stock opened at $13.80 on Tuesday. The business has a 50 day simple moving average of $14.70 and a two-hundred day simple moving average of $15.78. Park Hotels & Resorts has a 12 month low of $11.05 and a 12 month high of $18.05. The stock has a market capitalization of $2.91 billion, a P/E ratio of 31.36, a PEG ratio of 0.67 and a beta of 2.03. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.58 and a quick ratio of 1.58.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PK. Fidelis Capital Partners LLC purchased a new position in Park Hotels & Resorts in the first quarter valued at $26,000. Raleigh Capital Management Inc. purchased a new position in Park Hotels & Resorts in the fourth quarter valued at $35,000. YHB Investment Advisors Inc. purchased a new position in Park Hotels & Resorts in the first quarter valued at $40,000. FinTrust Capital Advisors LLC boosted its holdings in Park Hotels & Resorts by 260.5% in the first quarter. FinTrust Capital Advisors LLC now owns 5,076 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 3,668 shares during the period. Finally, Signaturefd LLC boosted its holdings in Park Hotels & Resorts by 12.7% in the fourth quarter. Signaturefd LLC now owns 6,437 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 727 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 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.