Park Hotels & Resorts (NYSE:PK) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• Wells Fargo raised Park Hotels & Resorts’ price target to $16 from $15 but maintained an “equal weight” rating, implying 3.35% downside from the stock’s $16.55 price.
• Analyst sentiment remains mixed: Park Hotels & Resorts has an overall “Hold” consensus rating and an average price target of $16.64, with targets ranging from $14 to $19.
• Shares rose 1.3% to $16.55, near the company’s 52-week high of $17.14. In its latest quarter, the company met earnings expectations at $0.24 per share and exceeded revenue estimates with $680 million.

Park Hotels & Resorts (NYSE:PK - Get Free Report) had its target price boosted by equities researchers at Wells Fargo & Company from $15.00 to $16.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an "equal weight" rating on the financial services provider's stock. Wells Fargo & Company's price objective would suggest a potential downside of 3.35% from the stock's current price.

PK has been the subject of several other research reports. Evercore set a $17.00 price target on shares of Park Hotels & Resorts in a report on Monday. Raymond James Financial upgraded shares of Park Hotels & Resorts from a "market perform" rating to a "strong-buy" rating and set a $19.00 price objective on the stock in a research note on Monday, September 28th. Cantor Fitzgerald lifted their price objective on shares of Park Hotels & Resorts from $12.00 to $15.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Weiss Ratings raised shares of Park Hotels & Resorts from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday. Finally, Barclays boosted their price objective on shares of Park Hotels & Resorts from $12.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $16.64.

Park Hotels & Resorts Stock Up 1.3%

Shares of Park Hotels & Resorts stock traded up $0.20 during trading on Monday, hitting $16.55. 465,594 shares of the stock traded hands, compared to its average volume of 4,293,766. The firm has a market cap of $3.33 billion, a P/E ratio of -19.97 and a beta of 1.36. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.29. Park Hotels & Resorts has a 52-week low of $9.84 and a 52-week high of $17.14. The stock's fifty day simple moving average is $15.52 and its 200 day simple moving average is $14.02.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Park Hotels & Resorts had a negative return on equity of 5.23% and a negative net margin of 6.41%. The firm had revenue of $680.00 million during the quarter, compared to the consensus estimate of $659.68 million. During the same period in the previous year, the company 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. On average, equities analysts predict that Park Hotels & Resorts will post 1.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new stake in Park Hotels & Resorts in the second quarter valued at about $25,000. Fifth Third Bancorp grew its stake in shares of Park Hotels & Resorts by 68.8% during the first quarter. Fifth Third Bancorp now owns 2,604 shares of the financial services provider's stock worth $27,000 after acquiring an additional 1,061 shares during the last quarter. North Star Investment Management Corp. grew its stake in shares of Park Hotels & Resorts by 263.2% during the first quarter. North Star Investment Management Corp. now owns 6,210 shares of the financial services provider's stock worth $65,000 after acquiring an additional 4,500 shares during the last quarter. Nykredit A S purchased a new stake in shares of Park Hotels & Resorts during the second quarter worth about $67,000. Finally, IFP Advisors Inc increased its holdings in shares of 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 valued at $72,000 after acquiring an additional 3,272 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.

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.

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