Park Hotels & Resorts (NYSE:PK) Stock Rating Raised to "Strong-Buy" at Zacks Research

Key Points

• Zacks Research upgraded Park Hotels & Resorts from “hold” to “strong buy,” while other analysts have also issued several positive revisions. Despite this, the overall consensus remains “hold,” with an average price target of $16.64.
• Park Hotels & Resorts shares opened at $16.58, near their 12-month high of $17.14, and are up from their 50-day and 200-day moving averages. The company reported quarterly EPS of $0.24, matching estimates, while revenue of $680 million exceeded expectations.
• Institutional investors own approximately 92.69% of the company, with several firms increasing their positions recently. Park Hotels & Resorts is a real estate investment trust focused on full-service hotels and resorts, including properties operating under Hilton and other major brands.

Park Hotels & Resorts (NYSE:PK - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Thursday, Zacks reports.

PK has been the topic of several other reports. BMO Capital Markets upgraded shares of Park Hotels & Resorts from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $14.00 to $18.00 in a research report on Tuesday, September 1st. Weiss Ratings upgraded shares of Park Hotels & Resorts from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, October 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $18.00 target price on shares of Park Hotels & Resorts in a report on Friday, August 14th. UBS Group upgraded shares of Park Hotels & Resorts from a "neutral" rating to a "hold" rating in a research note on Monday, September 28th. Finally, Wells Fargo & Company boosted their price target on shares of Park Hotels & Resorts from $15.00 to $16.00 and gave the stock an "equal weight" rating in a research note on Monday, October 26th. Two investment 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $16.64.

Park Hotels & Resorts Stock Down 1.4%

Park Hotels & Resorts stock opened at $16.58 on Thursday. The stock has a 50 day moving average of $15.63 and a two-hundred day moving average of $13.23. Park Hotels & Resorts has a twelve month low of $9.84 and a twelve month high of $17.14. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 8.37 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 (NYSE:PK - Get Free Report) last released its earnings results 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. Park Hotels & Resorts had a negative return on equity of 5.23% and a negative net margin of 6.41%. The business had revenue of $680.00 million for the quarter, compared to analyst estimates of $659.68 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. Park Hotels & Resorts has set its FY 2026 guidance at 1.900-2.000 EPS. As a group, research analysts expect that Park Hotels & Resorts will post 1.87 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Brown Financial Advisors lifted its position in shares of Park Hotels & Resorts by 4.4% in the 2nd quarter. Brown Financial Advisors now owns 21,461 shares of the financial services provider's stock worth $306,000 after acquiring an additional 901 shares during the period. Parkside Financial Bank & Trust increased its position in shares of 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 valued at $73,000 after purchasing an additional 982 shares during the period. Versant Capital Management Inc increased its position in shares of Park Hotels & Resorts by 10.5% during the second quarter. Versant Capital Management Inc now owns 10,838 shares of the financial services provider's stock valued at $154,000 after purchasing an additional 1,030 shares during the period. Fifth Third Bancorp increased its position 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 valued at $27,000 after purchasing an additional 1,061 shares during the period. Finally, Nissay Asset Management Corp Japan raised its stake in shares of Park Hotels & Resorts by 3.7% in the second quarter. Nissay Asset Management Corp Japan now owns 32,684 shares of the financial services provider's stock valued at $466,000 after purchasing an additional 1,177 shares in the last quarter. 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.

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