Hilton Worldwide (NYSE:HLT) Price Target Raised to $285.00 at Bank of America

Hilton Worldwide (NYSE:HLT - Get Free Report) had its target price boosted by analysts at Bank of America from $275.00 to $285.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Bank of America's price target points to a potential upside of 4.51% from the stock's current price.

HLT has been the topic of a number of other reports. Robert W. Baird increased their price objective on shares of Hilton Worldwide from $246.00 to $276.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Jefferies Financial Group raised shares of Hilton Worldwide from a "hold" rating to a "buy" rating and increased their price objective for the stock from $228.00 to $296.00 in a research report on Monday, May 12th. Morgan Stanley reduced their price objective on shares of Hilton Worldwide from $251.00 to $241.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Macquarie reduced their price objective on shares of Hilton Worldwide from $245.00 to $240.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. assumed coverage on Hilton Worldwide in a report on Monday, June 23rd. They issued an "overweight" rating and a $282.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $252.19.

Hilton Worldwide Stock Performance

Shares of HLT traded up $0.01 during midday trading on Monday, hitting $272.69. 191,329 shares of the company traded hands, compared to its average volume of 2,044,986. The firm has a 50 day moving average of $257.75 and a 200-day moving average of $245.93. Hilton Worldwide has a 52 week low of $196.04 and a 52 week high of $279.46. The stock has a market cap of $64.82 billion, a price-to-earnings ratio of 43.05, a PEG ratio of 2.79 and a beta of 1.25.

Hilton Worldwide (NYSE:HLT - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.11. The firm had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $2.73 billion. Hilton Worldwide had a net margin of 13.90% and a negative return on equity of 49.50%. The business's revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.53 EPS. Sell-side analysts predict that Hilton Worldwide will post 7.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hilton Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sowell Financial Services LLC acquired a new stake in shares of Hilton Worldwide during the first quarter worth $314,000. Artemis Investment Management LLP lifted its stake in shares of Hilton Worldwide by 3.9% during the first quarter. Artemis Investment Management LLP now owns 163,281 shares of the company's stock worth $37,155,000 after buying an additional 6,146 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Hilton Worldwide by 8.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,836,430 shares of the company's stock worth $1,100,530,000 after purchasing an additional 364,307 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Hilton Worldwide during the first quarter worth $217,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Hilton Worldwide by 44.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 5,507 shares of the company's stock worth $1,253,000 after purchasing an additional 1,691 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.