Park Hotels & Resorts (NYSE:PK) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Park Hotels & Resorts (NYSE:PK) had its target price increased by equities research analysts at JPMorgan Chase & Co. from $14.00 to $16.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “underweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.’s target price would indicate a potential downside of 5.85% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on PK. Barclays raised their target price on Park Hotels & Resorts from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th. Wells Fargo & Company raised shares of Park Hotels & Resorts to a “hold” rating in a report on Thursday, July 23rd. Cantor Fitzgerald upped their price target on shares of Park Hotels & Resorts from $12.00 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. BMO Capital Markets upgraded shares of Park Hotels & Resorts from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $14.00 to $18.00 in a research report on Tuesday, September 1st. Finally, UBS Group raised shares of Park Hotels & Resorts from a “neutral” rating to a “hold” rating in a report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $16.09.

Park Hotels & Resorts Stock Performance

Shares of NYSE PK traded up $0.42 during mid-day trading on Wednesday, hitting $17.00. The company had a trading volume of 848,222 shares, compared to its average volume of 4,283,619. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of -20.51 and a beta of 1.36. Park Hotels & Resorts has a 12 month low of $9.84 and a 12 month high of $17.08. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.53 and a quick ratio of 1.53. The firm’s 50 day simple moving average is $15.41 and its two-hundred day simple moving average is $13.89.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $680.00 million during the quarter, compared to analyst estimates of $659.68 million. Park Hotels & Resorts had a negative return on equity of 5.23% and a negative net margin of 6.41%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 EPS. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, equities research analysts forecast that Park Hotels & Resorts will post 1.86 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PK. Diversify Advisory Services LLC grew its stake in shares of Park Hotels & Resorts by 44.5% in the third quarter. Diversify Advisory Services LLC now owns 96,134 shares of the financial services provider’s stock worth $1,511,000 after purchasing an additional 29,587 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Park Hotels & Resorts by 48.7% during the third quarter. IFP Advisors Inc now owns 7,534 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 2,469 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new stake in shares of Park Hotels & Resorts during the third quarter valued at about $160,000. Wedmont Private Capital acquired a new stake in Park Hotels & Resorts in the third quarter worth about $179,000. Finally, Post Resch Tallon Group Inc. lifted its holdings in Park Hotels & Resorts by 4.7% in the third quarter. Post Resch Tallon Group Inc. now owns 35,933 shares of the financial services provider’s stock worth $554,000 after purchasing an additional 1,615 shares during the period. Institutional investors and hedge funds own 92.69% of the company’s stock.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts Inc (NYSE: PK) is a real estate investment trust focused on owning and operating hotels and resorts. The company’s portfolio includes full-service properties in major business and leisure destinations, with hotels operating under Hilton brands as well as other nationally recognized and independent brands.

Park’s properties provide lodging, food and beverage, meeting and event facilities, and other hospitality services. Its hotels are located primarily in the United States, including gateway cities, convention markets, and resort destinations.

Park Hotels & Resorts was formed in 2017 through a spin-off from Hilton Worldwide Holdings.