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

Key Points

• JPMorgan raised Park Hotels & Resorts’ price target from $14 to $16 but maintained an “underweight” rating, implying roughly 5.85% downside from the stock’s $17 price.
• Analyst sentiment is mixed, with ratings ranging from “strong buy” to “sell”; the consensus rating is “Hold” with an average target price of $16.09.
• Park Hotels & Resorts’ shares rose 2.6% to $17, near their 52-week high, while institutional investors own 92.69% of the stock. The company reported quarterly revenue above expectations, though profitability metrics remained negative.

Park Hotels & Resorts (NYSE:PK - Get Free Report) had its price target increased by research analysts at JPMorgan Chase & Co. from $14.00 to $16.00 in a note issued to 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 suggest a potential downside of 5.85% from the stock's current price.

Other equities analysts have also issued reports about the company. Raymond James Financial raised Park Hotels & Resorts from a "market perform" rating to a "strong-buy" rating and set a $19.00 price target on the stock in a research report on Monday, September 28th. UBS Group upgraded Park Hotels & Resorts from a "neutral" rating to a "hold" rating in a report on Monday, September 28th. BMO Capital Markets raised shares of Park Hotels & Resorts from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $14.00 to $18.00 in a research report on Tuesday, September 1st. Morgan Stanley lifted their price objective on shares of Park Hotels & Resorts from $11.00 to $13.00 and gave the company an "equal weight" rating in a research note on Monday, October 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $18.00 price objective on shares of Park Hotels & Resorts in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Park Hotels & Resorts has an average rating of "Hold" and a consensus target price of $16.09.

Park Hotels & Resorts Stock Up 2.6%

NYSE PK traded up $0.42 during trading hours on Wednesday, hitting $17.00. The company had a trading volume of 848,222 shares, compared to its average volume of 4,283,619. Park Hotels & Resorts has a fifty-two week low of $9.84 and a fifty-two week high of $17.08. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of -20.51 and a beta of 1.36. 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 moving average is $15.41 and its 200 day moving average is $13.89.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.24 EPS for the quarter, hitting analysts' consensus estimates of $0.24. Park Hotels & Resorts had a negative return on equity of 5.23% and a negative net margin of 6.41%. The company had revenue of $680.00 million for the quarter, compared to analysts' expectations of $659.68 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The firm's quarterly 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 anticipate that Park Hotels & Resorts will post 1.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Diversify Advisory Services LLC raised its holdings in shares of Park Hotels & Resorts by 44.5% during 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 during the period. IFP Advisors Inc boosted its holdings in shares of Park Hotels & Resorts by 48.7% in the 3rd quarter. IFP Advisors Inc now owns 7,534 shares of the financial services provider's stock valued at $116,000 after buying an additional 2,469 shares during the period. NorthCrest Asset Manangement LLC acquired a new position in shares of Park Hotels & Resorts in the 3rd quarter valued at about $160,000. Wedmont Private Capital acquired a new position in shares of Park Hotels & Resorts in the 3rd quarter valued at about $179,000. Finally, Post Resch Tallon Group Inc. grew its position in shares of Park Hotels & Resorts by 4.7% during the 3rd quarter. Post Resch Tallon Group Inc. now owns 35,933 shares of the financial services provider's stock valued at $554,000 after buying an additional 1,615 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.

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.

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