Park Hotels & Resorts (NYSE:PK) Stock Rating Lowered by StockNews.com

Park Hotels & Resorts (NYSE:PK) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Several other analysts also recently commented on the company. UBS Group cut their target price on Park Hotels & Resorts from $18.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th. Truist Financial cut their target price on Park Hotels & Resorts from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Wolfe Research downgraded Park Hotels & Resorts from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 26th. Evercore ISI cut their target price on Park Hotels & Resorts from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Finally, Wells Fargo & Company cut their target price on 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Park Hotels & Resorts presently has a consensus rating of “Hold” and a consensus target price of $17.05.

Park Hotels & Resorts Price Performance

Shares of Park Hotels & Resorts stock opened at $14.35 on Monday. The business has a 50 day moving average of $14.46 and a 200 day moving average of $15.20. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.23. The company has a market cap of $3.02 billion, a PE ratio of 32.61, a P/E/G ratio of 0.69 and a beta of 2.02. Park Hotels & Resorts has a 52 week low of $11.05 and a 52 week high of $18.05.

Park Hotels & Resorts (NYSE:PK) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.30). The firm had revenue of $686.00 million during the quarter, compared to the consensus estimate of $694.94 million. Park Hotels & Resorts had a return on equity of 8.77% and a net margin of 11.50%. As a group, equities research analysts forecast that Park Hotels & Resorts will post 2.11 earnings per share for the current year.

Institutional Investors Weigh In On Park Hotels & Resorts

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Retirement Systems of Alabama raised its holdings in Park Hotels & Resorts by 0.3% during the first quarter. Retirement Systems of Alabama now owns 263,688 shares of the financial services provider’s stock valued at $4,612,000 after acquiring an additional 693 shares during the period. Blue Zone Wealth Advisors LLC increased its holdings in shares of Park Hotels & Resorts by 0.4% in the second quarter. Blue Zone Wealth Advisors LLC now owns 252,737 shares of the financial services provider’s stock worth $3,786,000 after purchasing an additional 883 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of Park Hotels & Resorts by 2.2% in the first quarter. State of Michigan Retirement System now owns 51,529 shares of the financial services provider’s stock worth $901,000 after purchasing an additional 1,100 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Park Hotels & Resorts by 10.8% in the first quarter. Wedmont Private Capital now owns 11,418 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 1,117 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Park Hotels & Resorts by 2.1% in the second quarter. Arizona State Retirement System now owns 58,940 shares of the financial services provider’s stock worth $883,000 after purchasing an additional 1,232 shares during the last quarter. 92.69% of the stock is owned by institutional investors.

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.