Park Hotels & Resorts (NYSE:PK) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• Weiss Ratings has reissued a "Hold (C)" rating for Park Hotels & Resorts, amid mixed reviews from other brokerages, including Citigroup lowering its rating from "buy" to "neutral".
• Park Hotels & Resorts has an average price target of $12.00, with a market capitalization of $2.16 billion and recent stock performance fluctuating around $10.82.
• The company reported $0.64 EPS for the last quarter, surpassing the consensus estimate by $0.07, despite a 2.0% decline in revenue year-over-year.

Park Hotels & Resorts (NYSE:PK - Get Free Report)'s stock had its "hold (c)" rating reissued by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also recently issued reports on PK. Citigroup cut shares of Park Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $13.00 to $12.00 in a research note on Tuesday, September 9th. UBS Group boosted their price objective on shares of Park Hotels & Resorts from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday. Wells Fargo & Company raised shares of Park Hotels & Resorts to a "hold" rating in a research note on Friday, October 3rd. Morgan Stanley reissued an "outperform" rating on shares of Park Hotels & Resorts in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. began coverage on shares of Park Hotels & Resorts in a report on Monday, June 23rd. They set an "underweight" rating and a $10.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Park Hotels & Resorts currently has an average rating of "Hold" and an average price target of $12.00.

Park Hotels & Resorts Stock Up 0.1%

PK stock opened at $10.82 on Wednesday. The stock has a market capitalization of $2.16 billion, a P/E ratio of 40.08 and a beta of 1.83. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.16 and a current ratio of 1.16. Park Hotels & Resorts has a one year low of $8.27 and a one year high of $16.23. The company has a 50 day moving average price of $11.34 and a two-hundred day moving average price of $10.73.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last released its earnings results on Thursday, July 31st. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.57 by $0.07. The firm had revenue of $672.00 million during the quarter, compared to analysts' expectations of $672.37 million. Park Hotels & Resorts had a net margin of 2.25% and a return on equity of 0.76%. Park Hotels & Resorts's revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. Park Hotels & Resorts has set its FY 2025 guidance at 1.820-2.080 EPS. As a group, sell-side analysts expect that Park Hotels & Resorts will post 2.11 EPS for the current year.

Institutional Investors Weigh In On Park Hotels & Resorts

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of Park Hotels & Resorts by 34.6% in the 2nd quarter. Bank of America Corp DE now owns 12,870,552 shares of the financial services provider's stock valued at $131,666,000 after purchasing an additional 3,309,275 shares in the last quarter. Donald Smith & CO. Inc. raised its stake in shares of Park Hotels & Resorts by 4.0% in the 2nd quarter. Donald Smith & CO. Inc. now owns 12,044,177 shares of the financial services provider's stock valued at $123,212,000 after purchasing an additional 466,857 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Park Hotels & Resorts by 76.7% in the 2nd quarter. AQR Capital Management LLC now owns 7,744,912 shares of the financial services provider's stock valued at $79,230,000 after purchasing an additional 3,361,382 shares in the last quarter. Sculptor Capital LP raised its stake in shares of Park Hotels & Resorts by 154.1% in the 2nd quarter. Sculptor Capital LP now owns 6,534,153 shares of the financial services provider's stock valued at $66,844,000 after purchasing an additional 3,962,304 shares in the last quarter. Finally, H 2 Credit Manager LP raised its stake in shares of Park Hotels & Resorts by 13.9% in the 1st quarter. H 2 Credit Manager LP now owns 3,903,750 shares of the financial services provider's stock valued at $41,692,000 after purchasing an additional 475,000 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 operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.

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