Park Hotels & Resorts (NYSE:PK) Price Target Lowered to $20.00 at Compass Point

Park Hotels & Resorts (NYSE:PK) had its price objective decreased by Compass Point from $25.00 to $20.00 in a research report released on Thursday, Benzinga reports. Compass Point currently has a buy rating on the financial services provider’s stock.

A number of other brokerages also recently weighed in on PK. Wells Fargo & Company lowered their target price on shares of Park Hotels & Resorts from $17.00 to $14.50 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. Evercore ISI decreased their target price on shares of Park Hotels & Resorts from $20.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Bank of America cut their price target on shares of Park Hotels & Resorts from $17.00 to $16.50 and set a “neutral” rating for the company in a research report on Monday, October 21st. UBS Group reduced their price target on Park Hotels & Resorts from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. Finally, StockNews.com upgraded Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.58.

Park Hotels & Resorts Stock Performance

Shares of Park Hotels & Resorts stock traded up $0.20 on Thursday, reaching $14.09. 150,534 shares of the company traded hands, compared to its average volume of 2,729,158. The company has a 50 day moving average of $14.40 and a 200 day moving average of $14.94. Park Hotels & Resorts has a 52 week low of $12.09 and a 52 week high of $18.05. The firm has a market capitalization of $2.94 billion, a PE ratio of 8.85, a PEG ratio of 0.73 and a beta of 2.02. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.51 and a quick ratio of 1.58.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.21). Park Hotels & Resorts had a return on equity of 9.63% and a net margin of 12.66%. The business had revenue of $649.00 million during the quarter, compared to the consensus estimate of $646.15 million. During the same period last year, the business posted $0.51 earnings per share. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. Equities analysts forecast that Park Hotels & Resorts will post 2.09 earnings per share for the current year.

Institutional Investors Weigh In On Park Hotels & Resorts

A number of large investors have recently added to or reduced their stakes in the stock. Epoch Investment Partners Inc. grew its stake in shares of Park Hotels & Resorts by 135.7% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,391,881 shares of the financial services provider’s stock valued at $24,344,000 after purchasing an additional 801,372 shares during the period. Acadian Asset Management LLC grew its stake in shares of Park Hotels & Resorts by 492.7% during the 1st quarter. Acadian Asset Management LLC now owns 54,345 shares of the financial services provider’s stock valued at $950,000 after acquiring an additional 45,176 shares during the period. Algert Global LLC raised its stake in Park Hotels & Resorts by 48.6% during the 2nd quarter. Algert Global LLC now owns 752,273 shares of the financial services provider’s stock worth $11,269,000 after acquiring an additional 245,973 shares during the period. Diversified Trust Co bought a new stake in shares of Park Hotels & Resorts during the 2nd quarter valued at $599,000. Finally, ClariVest Asset Management LLC purchased a new stake in Park Hotels & Resorts during the 1st quarter valued at approximately $1,240,000. Institutional investors own 92.69% of the company’s stock.

About Park Hotels & Resorts

Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations.