SunTrust Banks, Inc. Reiterates “Buy” Rating for Hilton Worldwide Holdings Inc. (NYSE:HLT)

Hilton Worldwide Holdings Inc. (NYSE:HLT)‘s stock had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc. in a report issued on Tuesday, October 17th. They currently have a $67.00 target price on the stock. SunTrust Banks, Inc.’s price objective indicates a potential downside of 8.69% from the stock’s previous close.

A number of other research firms also recently commented on HLT. Berenberg Bank restated a “sell” rating and set a $47.00 price objective on shares of Hilton Worldwide Holdings in a research note on Thursday, July 27th. TheStreet downgraded shares of Hilton Worldwide Holdings from a “b” rating to a “c+” rating in a research note on Friday, June 30th. BidaskClub downgraded shares of Hilton Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Telsey Advisory Group increased their price target on shares of Hilton Worldwide Holdings from $61.00 to $67.00 and gave the company a “market perform” rating in a report on Wednesday, July 26th. Finally, Barclays PLC increased their price target on shares of Hilton Worldwide Holdings from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. Hilton Worldwide Holdings has a consensus rating of “Buy” and an average target price of $73.05.

Hilton Worldwide Holdings (NYSE:HLT) traded up $0.22 on Tuesday, hitting $73.38. 940,407 shares of the company were exchanged, compared to its average volume of 2,380,000. The company has a market cap of $23,410.00, a PE ratio of 33.87, a P/E/G ratio of 7.74 and a beta of 1.30. The company has a debt-to-equity ratio of 4.53, a quick ratio of 0.94 and a current ratio of 0.94. Hilton Worldwide Holdings has a 1-year low of $46.28 and a 1-year high of $73.31.

Hilton Worldwide Holdings (NYSE:HLT) last announced its earnings results on Thursday, October 26th. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.06. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.28 billion. Hilton Worldwide Holdings had a net margin of 0.33% and a return on equity of 27.32%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 EPS. research analysts predict that Hilton Worldwide Holdings will post 1.89 earnings per share for the current year.

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In other news, major shareholder Hlt Holdco Iii Llc sold 15,596,175 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $69.11, for a total value of $1,077,851,654.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.

Large investors have recently modified their holdings of the company. QS Investors LLC increased its holdings in shares of Hilton Worldwide Holdings by 749.6% in the 2nd quarter. QS Investors LLC now owns 2,362 shares of the company’s stock worth $146,000 after buying an additional 2,084 shares during the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Hilton Worldwide Holdings in the 3rd quarter valued at $151,000. Commonwealth Bank of Australia boosted its stake in shares of Hilton Worldwide Holdings by 255.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,022 shares of the company’s stock valued at $185,000 after purchasing an additional 2,173 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Hilton Worldwide Holdings in the 2nd quarter valued at $219,000. Finally, Keybank National Association OH purchased a new stake in shares of Hilton Worldwide Holdings in the 3rd quarter valued at $221,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

About Hilton Worldwide Holdings

Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.

Analyst Recommendations for Hilton Worldwide Holdings (NYSE:HLT)

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