Park Hotels & Resorts (NYSE:PK) Price Target Raised to $12.00 at Truist Financial

Key Points

• Truist Financial raised its target price on Park Hotels & Resorts from $11.00 to $12.00 and maintained a "hold" rating, implying roughly a 10.5% upside from the current price.
• The company posted a large quarterly EPS miss (‑$1.04 vs. $0.46 expected) while revenue slightly beat estimates, and it set FY2026 guidance of 1.73–1.89 EPS versus analyst expectations of about 2.11.
• The analyst consensus remains a "Hold" with an average price target of $11.67 (3 Buys, 8 Holds, 3 Sells), and the stock recently traded around $10.86 with a market cap near $2.19 billion.

Park Hotels & Resorts (NYSE:PK - Get Free Report) had its target price boosted by investment analysts at Truist Financial from $11.00 to $12.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a "hold" rating on the financial services provider's stock. Truist Financial's target price points to a potential upside of 10.52% from the company's current price.

Several other equities analysts have also recently commented on PK. Barclays began coverage on shares of Park Hotels & Resorts in a research report on Tuesday, January 6th. They set an "overweight" rating and a $13.00 target price on the stock. Cantor Fitzgerald upped their target price on Park Hotels & Resorts from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Tuesday, March 3rd. Zacks Research upgraded Park Hotels & Resorts from a "strong sell" rating to a "hold" rating in a report on Thursday, February 19th. Morgan Stanley set a $10.00 price objective on Park Hotels & Resorts in a research report on Friday, January 16th. Finally, JPMorgan Chase & Co. upped their price objective on Park Hotels & Resorts from $10.00 to $11.00 and gave the company an "underweight" rating in a research note on Tuesday, February 3rd. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $11.67.

Park Hotels & Resorts Stock Up 2.4%

PK traded up $0.26 during mid-day trading on Thursday, reaching $10.86. 322,698 shares of the stock were exchanged, compared to its average volume of 3,979,466. Park Hotels & Resorts has a 1 year low of $8.27 and a 1 year high of $12.39. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $2.19 billion, a PE ratio of -7.58 and a beta of 1.40. The company has a 50 day moving average price of $11.09 and a two-hundred day moving average price of $10.99.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last announced its earnings results on Thursday, February 19th. The financial services provider reported ($1.04) EPS for the quarter, missing the consensus estimate of $0.46 by ($1.50). Park Hotels & Resorts had a negative net margin of 11.14% and a negative return on equity of 8.56%. The firm had revenue of $629.00 million during the quarter, compared to analysts' expectations of $621.79 million. During the same quarter in the prior year, the company earned $0.39 EPS. The business's revenue for the quarter was up .6% on a year-over-year basis. Park Hotels & Resorts has set its FY 2026 guidance at 1.730-1.89 EPS. As a group, research analysts anticipate that Park Hotels & Resorts will post 2.11 EPS for the current year.

Insider Buying and Selling at Park Hotels & Resorts

In other news, Director Christie B. Kelly acquired 2,949 shares of the firm's stock in a transaction that occurred on Wednesday, January 14th. The stock was bought at an average price of $11.19 per share, with a total value of $32,999.31. Following the acquisition, the director owned 150,501 shares in the company, valued at $1,684,106.19. The trade was a 2.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company's stock.

Hedge Funds Weigh In On Park Hotels & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PK. Danske Bank A S bought a new stake in shares of Park Hotels & Resorts in the third quarter valued at approximately $25,000. Parvin Asset Management LLC bought a new position in Park Hotels & Resorts in the 2nd quarter worth approximately $26,000. Advisory Services Network LLC purchased a new position in Park Hotels & Resorts in the 3rd quarter valued at approximately $34,000. Clearstead Advisors LLC grew its stake in Park Hotels & Resorts by 326.4% in the 3rd quarter. Clearstead Advisors LLC now owns 3,198 shares of the financial services provider's stock valued at $35,000 after buying an additional 2,448 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in Park Hotels & Resorts by 293.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,181 shares of the financial services provider's stock valued at $54,000 after acquiring an additional 3,863 shares during the period. Institutional investors own 92.69% of the company's stock.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts Inc is a publicly traded real estate investment trust (REIT) specializing in luxury and upper-upscale hospitality properties. The company's primary business activity involves owning and leasing premier hotels and resorts across major urban and resort destinations. Through long-term management and franchise agreements with leading hotel operators, Park generates revenue from room nights, food and beverage offerings, meetings and events, and ancillary services.

Since its spin-off from Hilton Worldwide in January 2017, Park Hotels & Resorts has assembled a diversified portfolio of more than 60 properties.

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