Park Hotels & Resorts - PK Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Park Hotels & Resorts in the last year. There are currently 1 sell rating, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PK, but not buy additional shares or sell existing shares.
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11 Wall Street research analysts have issued 1 year price targets for Park Hotels & Resorts' stock. Their PK share price forecasts range from $16.00 to $28.00. On average, they predict the company's share price to reach $20.83 in the next year. This suggests a possible upside of 37.8% from the stock's current price.
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Park Hotels & Resorts' stock was trading at $18.88 at the start of the year. Since then, PK stock has decreased by 19.9% and is now trading at $15.12.
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Park Hotels & Resorts is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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Park Hotels & Resorts Inc. (NYSE:PK) issued its earnings results on Wednesday, November, 3rd. The financial services provider reported ($0.36) EPS for the quarter, missing the consensus estimate of $0.01 by $0.37. The financial services provider earned $423 million during the quarter, compared to analyst estimates of $416.88 million. Park Hotels & Resorts had a negative trailing twelve-month return on equity of 1.38% and a negative net margin of 2.93%. During the same period in the prior year, the company posted ($0.63) earnings per share.

Park Hotels & Resorts announced a quarterly dividend on Wednesday, June 15th. Investors of record on Thursday, June 30th will be paid a dividend of $0.01 per share on Friday, July 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Wednesday, June 29th.
Read our dividend analysis for PK.

Park Hotels & Resorts (NYSE:PK) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.27%.
Read our dividend analysis for PK.

Park Hotels & Resorts updated its third quarter earnings guidance on Wednesday, August, 3rd. The company provided EPS guidance of $0.34-0.43 for the period, compared to the consensus estimate of $0.49.

Based on aggregate information from My MarketBeat watchlists, some companies that other Park Hotels & Resorts investors own include AT&T (T), Energy Transfer (ET), Carnival Co. & (CCL), Exxon Mobil (XOM), Boeing (BA), Delta Air Lines (DAL), Ford Motor (F), American Airlines Group (AAL), Annaly Capital Management (NLY) and Pfizer (PFE).

Park Hotels & Resorts trades on the New York Stock Exchange (NYSE) under the ticker symbol "PK."

Park Hotels & Resorts' stock is owned by many different retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (1.08%), Strs Ohio (0.41%), Matthew 25 Management Corp (0.37%), Securian Asset Management Inc. (0.20%), RPG Investment Advisory LLC (0.19%) and Asset Management One Co. Ltd. (0.18%). Insiders that own company stock include Geoffrey Garrett, Jill C Olander, Stephen I Sadove, Thomas A Natelli, Thomas D Eckert and Thomas J Baltimore Jr.
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Shares of PK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PK stock can currently be purchased for approximately $15.12.

Park Hotels & Resorts (NYSE:PK) has a market capitalization of $3.53 billion and generates $1.36 billion in revenue each year. The financial services provider earns $-459,000,000.00 in net income (profit) each year or ($0.22) on an earnings per share basis.

Park Hotels & Resorts employs 80 workers across the globe.

Park Hotels & Resorts' mailing address is 1775 TYSONS BOULEVARD 7TH FLOOR, TYSONS VA, 22102. The official website for the company is www.pkhotelsandresorts.com. The financial services provider can be reached via phone at (571) 302-5757 or via email at ir@pkhotelsandresorts.com.