1 week Ago By ABMN Staff
Park Hotels & Resorts ( NYSE:PK – Get Free Report ) had its price objective decreased by analysts at Jefferies Financial Group from $23.00 to $22.00 in a research note issued on Thursday, Benzinga reports.
The brokerage currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 55.04% from the company’s current price.
PK has been the topic of a number of other reports. Truist Financial reduced their target price on shares of Park Hotels & Resorts from $20.00 to $18.
00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. UBS Group raised their target price on shares of Park Hotels & Resorts from $14.00 to $15.
00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Bank of America lowered their target price on shares of Park Hotels & Resorts from $17.00 to $16.
50 and set a “neutral” rating for the company in a research note on Monday, October 21st. StockNews.com raised Park Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Monday, December 30th.
Finally, Compass Point lowered their price objective on Park Hotels & Resorts from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, October 31st.
Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Park Hotels & Resorts has an average rating of “Moderate Buy” and a consensus price target of $18.65.
View Our Latest Report on Park Hotels & Resorts Park Hotels & Resorts Stock Up 3.0 % Park Hotels & Resorts ( NYSE:PK – Get Free Report ) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $0.
26 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.21).
Park Hotels & Resorts had a net margin of 12.66% and a return on equity of 9.63%.
The company had revenue of $649.00 million for the quarter, compared to analyst estimates of $646.15 million.
During the same quarter last year, the company posted $0.51 EPS. Park Hotels & Resorts’s quarterly revenue was down 4.
4% compared to the same quarter last year. Equities analysts anticipate that Park Hotels & Resorts will post 1.96 EPS for the current fiscal year.
Institutional Investors Weigh In On Park Hotels & Resorts Several institutional investors have recently bought and sold shares of the business. Donald Smith & CO. Inc.
boosted its position in shares of Park Hotels & Resorts by 22.5% in the third quarter. Donald Smith & CO.
Inc. now owns 8,077,286 shares of the financial services provider’s stock worth $113,890,000 after buying an additional 1,484,295 shares during the period. AQR Capital Management LLC lifted its position in Park Hotels & Resorts by 287.
7% during the 2nd quarter. AQR Capital Management LLC now owns 5,252,853 shares of the financial services provider’s stock worth $77,217,000 after acquiring an additional 3,897,889 shares in the last quarter. JPMorgan Chase & Co.
boosted its holdings in Park Hotels & Resorts by 18.4% in the 3rd quarter. JPMorgan Chase & Co.
now owns 3,488,097 shares of the financial services provider’s stock worth $49,182,000 after acquiring an additional 540,920 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Park Hotels & Resorts by 3.8% in the 2nd quarter.
Dimensional Fund Advisors LP now owns 3,113,325 shares of the financial services provider’s stock worth $46,638,000 after acquiring an additional 115,391 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Park Hotels & Resorts by 2.
3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,902,728 shares of the financial services provider’s stock valued at $40,928,000 after acquiring an additional 66,093 shares in the last quarter.
92.69% of the stock is currently owned by hedge funds and other institutional investors. Park Hotels & Resorts Company Profile ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Park Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Park Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter .
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