Evercore ISI Lowers Park Hotels & Resorts (NYSE:PK) Price Target to $13.00

Park Hotels & Resorts (NYSE:PK) had its price target lowered by research analysts at Evercore ISI from $16.00 to $13.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s price objective would indicate a potential upside of 29.62% from the company’s previous close.

Other analysts have also issued reports about the company. Morgan Stanley cut their price target on Park Hotels & Resorts from $12.00 to $10.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Truist Financial cut their target price on Park Hotels & Resorts from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company decreased their price target on shares of Park Hotels & Resorts from $17.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 18th. StockNews.com lowered shares of Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th. Finally, Jefferies Financial Group downgraded shares of Park Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their target price for the company from $19.00 to $10.00 in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Park Hotels & Resorts presently has a consensus rating of “Hold” and an average target price of $15.15.

Park Hotels & Resorts Stock Up 0.3 %

NYSE PK traded up $0.03 during trading hours on Monday, reaching $10.03. 533,473 shares of the company’s stock were exchanged, compared to its average volume of 4,211,751. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.51 and a current ratio of 1.19. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 1.51 and a beta of 1.73. The company’s 50-day moving average is $10.95 and its two-hundred day moving average is $13.11. Park Hotels & Resorts has a one year low of $8.27 and a one year high of $16.78.

Park Hotels & Resorts (NYSE:PK) last issued its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). Park Hotels & Resorts had a return on equity of 5.63% and a net margin of 8.16%. The company had revenue of $625.00 million for the quarter, compared to the consensus estimate of $609.05 million. On average, analysts forecast that Park Hotels & Resorts will post 2.11 EPS for the current fiscal year.

Institutional Trading of Park Hotels & Resorts

A number of hedge funds have recently made changes to their positions in PK. UMB Bank n.a. raised its stake in Park Hotels & Resorts by 140.9% in the 1st quarter. UMB Bank n.a. now owns 2,385 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,395 shares during the period. Versant Capital Management Inc lifted its stake in shares of Park Hotels & Resorts by 11,039.1% during the 1st quarter. Versant Capital Management Inc now owns 2,562 shares of the financial services provider’s stock worth $27,000 after buying an additional 2,539 shares during the last quarter. Quarry LP acquired a new stake in shares of Park Hotels & Resorts during the 4th quarter worth about $35,000. GF Fund Management CO. LTD. bought a new stake in shares of Park Hotels & Resorts during the 4th quarter worth about $53,000. Finally, GAMMA Investing LLC grew its stake in Park Hotels & Resorts by 401.2% in the 1st quarter. GAMMA Investing LLC now owns 5,283 shares of the financial services provider’s stock valued at $56,000 after buying an additional 4,229 shares during the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.

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.