Park Hotels & Resorts (NYSE:PK) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of Park Hotels & Resorts (NYSE:PK) from a hold rating to a sell rating in a report published on Thursday.

Several other equities research analysts have also issued reports on PK. Wolfe Research lowered Park Hotels & Resorts from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 26th. Wells Fargo & Company reduced their target price on Park Hotels & Resorts from $17.00 to $14.50 and set an “equal weight” rating for the company in a report on Friday, September 13th. Compass Point reduced their target price on Park Hotels & Resorts from $25.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Truist Financial reduced their target price on Park Hotels & Resorts from $20.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Finally, Evercore ISI reduced their target price on Park Hotels & Resorts from $20.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.00.

Park Hotels & Resorts Trading Down 0.2 %

PK traded down $0.03 during trading on Thursday, reaching $14.68. The company had a trading volume of 1,406,235 shares, compared to its average volume of 2,765,377. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.51 and a current ratio of 1.51. Park Hotels & Resorts has a 12-month low of $12.85 and a 12-month high of $18.05. The firm’s 50-day simple moving average is $14.34 and its 200 day simple moving average is $14.88. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 0.73 and a beta of 2.02.

Park Hotels & Resorts (NYSE:PK) last released its earnings results on Tuesday, October 29th. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $649.00 million for the quarter, compared to analysts’ expectations of $646.15 million. During the same period last year, the firm earned $0.51 EPS. The company’s revenue was down 4.4% compared to the same quarter last year. Equities research analysts anticipate that Park Hotels & Resorts will post 2.09 earnings per share for the current year.

Institutional Trading of Park Hotels & Resorts

Large investors have recently bought and sold shares of the stock. Fidelis Capital Partners LLC acquired a new stake in Park Hotels & Resorts during the 1st quarter worth $26,000. Harbor Capital Advisors Inc. bought a new stake in Park Hotels & Resorts during the 3rd quarter worth approximately $33,000. Venturi Wealth Management LLC raised its holdings in Park Hotels & Resorts by 281.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,850 shares of the financial services provider’s stock worth $54,000 after buying an additional 2,841 shares during the period. Quarry LP boosted its holdings in shares of Park Hotels & Resorts by 82.1% in the second quarter. Quarry LP now owns 4,118 shares of the financial services provider’s stock valued at $62,000 after buying an additional 1,857 shares during the period. Finally, Claro Advisors LLC acquired a new position in Park Hotels & Resorts in the 3rd quarter worth $69,000. 92.69% of the stock is currently owned by institutional investors.

Park Hotels & Resorts Company Profile

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.