Wall Street Zen Downgrades Park Hotels & Resorts (NYSE:PK) to Sell

Park Hotels & Resorts (NYSE:PK - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Friday.

Other equities research analysts also recently issued research reports about the company. Citigroup reiterated a "buy" rating on shares of Park Hotels & Resorts in a report on Thursday, May 22nd. Jefferies Financial Group downgraded shares of Park Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the stock from $19.00 to $10.00 in a research note on Wednesday, April 9th. Wells Fargo & Company increased their price target on Park Hotels & Resorts from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Morgan Stanley restated an "outperform" rating on shares of Park Hotels & Resorts in a research note on Tuesday. Finally, JPMorgan Chase & Co. initiated coverage on shares of Park Hotels & Resorts in a research report on Monday, June 23rd. They issued an "underweight" rating and a $10.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $12.11.

Park Hotels & Resorts Price Performance

Shares of NYSE:PK traded down $0.03 during midday trading on Friday, hitting $10.77. The company had a trading volume of 1,851,613 shares, compared to its average volume of 3,640,601. Park Hotels & Resorts has a twelve month low of $8.27 and a twelve month high of $16.23. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 1.43 and a beta of 1.72. The business's 50-day simple moving average is $10.54 and its 200-day simple moving average is $11.38.

Park Hotels & Resorts (NYSE:PK - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. The firm had revenue of $630.00 million for the quarter, compared to analysts' expectations of $620.17 million. Park Hotels & Resorts had a net margin of 4.90% and a return on equity of 2.65%. The company's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. On average, research analysts predict that Park Hotels & Resorts will post 2.11 earnings per share for the current year.

Institutional Trading of Park Hotels & Resorts

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of Park Hotels & Resorts in the fourth quarter valued at $873,000. Natixis Advisors LLC lifted its holdings in shares of Park Hotels & Resorts by 14.0% during the 4th quarter. Natixis Advisors LLC now owns 17,447 shares of the financial services provider's stock valued at $245,000 after acquiring an additional 2,142 shares in the last quarter. Corient Private Wealth LLC purchased a new position in Park Hotels & Resorts in the fourth quarter valued at about $279,000. Thrivent Financial for Lutherans lifted its position in Park Hotels & Resorts by 43.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 94,220 shares of the financial services provider's stock worth $1,326,000 after acquiring an additional 28,379 shares in the last quarter. Finally, Xponance Inc. increased its stake in Park Hotels & Resorts by 3.8% during the 4th quarter. Xponance Inc. now owns 24,650 shares of the financial services provider's stock worth $347,000 after buying an additional 892 shares during the period. Hedge funds and other institutional investors 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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