Park Hotels & Resorts (NYSE:PK) Stock Rating Upgraded by Zacks Research

Park Hotels & Resorts (NYSE:PK) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.

A number of other brokerages also recently issued reports on PK. UBS Group upgraded shares of Park Hotels & Resorts from a “neutral” rating to a “hold” rating in a report on Monday, September 28th. Truist Financial increased their price objective on shares of Park Hotels & Resorts from $13.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, September 10th. BMO Capital Markets upgraded Park Hotels & Resorts from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $14.00 to $18.00 in a research report on Tuesday, September 1st. JPMorgan Chase & Co. lifted their target price on Park Hotels & Resorts from $14.00 to $16.00 and gave the stock an “underweight” rating in a report on Wednesday, October 21st. Finally, Raymond James Financial raised Park Hotels & Resorts from a “market perform” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a report on Monday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $16.64.

Park Hotels & Resorts Price Performance

NYSE PK opened at $16.58 on Thursday. The business’s fifty day moving average is $15.63 and its 200 day moving average is $13.23. Park Hotels & Resorts has a fifty-two week low of $9.84 and a fifty-two week high of $17.14. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $3.34 billion, a PE ratio of -19.98 and a beta of 1.36.

Park Hotels & Resorts (NYSE:PK) last posted its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. Park Hotels & Resorts had a negative net margin of 6.41% and a negative return on equity of 5.23%. The business had revenue of $680.00 million during the quarter, compared to analyst estimates of $659.68 million. During the same period in the prior year, the business posted $0.64 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. Sell-side analysts predict that Park Hotels & Resorts will post 1.87 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in shares of Park Hotels & Resorts in the 2nd quarter valued at about $25,000. Fifth Third Bancorp raised its holdings in Park Hotels & Resorts by 68.8% in the 1st quarter. Fifth Third Bancorp now owns 2,604 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,061 shares during the period. Nykredit A S acquired a new position in Park Hotels & Resorts in the 2nd quarter worth about $67,000. IFP Advisors Inc boosted its position in Park Hotels & Resorts by 182.5% during the second quarter. IFP Advisors Inc now owns 5,065 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 3,272 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Park Hotels & Resorts by 23.9% during the second quarter. Parkside Financial Bank & Trust now owns 5,091 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 982 shares in the last quarter. Institutional investors own 92.69% of the company’s stock.

About Park Hotels & Resorts

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.