Credit Agricole SA Analysts Give Hilton Worldwide Holdings Inc. (HLT) a $27.00 Price Target
Credit Agricole SA set a $27.00 target price on Hilton Worldwide Holdings Inc. (NYSE:HLT) in a research note issued to investors on Wednesday morning. The brokerage currently has a a buy rating on the stock.
A number of other equities analysts have also recently commented on HLT. Bank of America Corp. cut Hilton Worldwide Holdings from a buy rating to a neutral rating and lowered their price target for the stock from $26.00 to $23.00 in a report on Thursday, May 19th. Jefferies Group reissued a hold rating on shares of Hilton Worldwide Holdings in a report on Thursday, June 2nd. TheStreet raised Hilton Worldwide Holdings from a hold rating to a buy rating in a report on Monday, June 20th. Deutsche Bank AG reissued a buy rating and set a $27.00 price target on shares of Hilton Worldwide Holdings in a report on Monday, June 27th. Finally, Zacks Investment Research cut Hilton Worldwide Holdings from a hold rating to a sell rating in a report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the stock. Hilton Worldwide Holdings presently has an average rating of Buy and a consensus target price of $26.71.
Hilton Worldwide Holdings (NYSE:HLT) opened at 23.03 on Wednesday. Hilton Worldwide Holdings has a 1-year low of $16.16 and a 1-year high of $26.27. The firm has a 50-day moving average price of $23.65 and a 200 day moving average price of $22.47. The firm has a market cap of $22.79 billion, a price-to-earnings ratio of 13.87 and a beta of 1.25.
Hilton Worldwide Holdings (NYSE:HLT) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The company earned $3.05 billion during the quarter, compared to analyst estimates of $3.06 billion. Hilton Worldwide Holdings had a net margin of 14.20% and a return on equity of 14.59%. Hilton Worldwide Holdings’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 earnings per share. Equities analysts predict that Hilton Worldwide Holdings will post $0.90 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 19th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Wednesday, August 17th. Hilton Worldwide Holdings’s dividend payout ratio (DPR) is currently 16.97%.
A number of hedge funds and other institutional investors have recently bought and sold shares of HLT. Mizuho Asset Management Co. Ltd. increased its position in Hilton Worldwide Holdings by 185.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 7,417 shares of the company’s stock worth $167,000 after buying an additional 4,817 shares during the period. Hilton Capital Management LLC purchased a new position in Hilton Worldwide Holdings during the second quarter worth $203,000. Emerald Mutual Fund Advisers Trust purchased a new position in Hilton Worldwide Holdings during the second quarter worth $203,000. Stifel Financial Corp purchased a new position in Hilton Worldwide Holdings during the second quarter worth $215,000. Finally, Trexquant Investment LP purchased a new position in Hilton Worldwide Holdings during the second quarter worth $225,000. 99.80% of the stock is currently owned by institutional investors and hedge funds.
Hilton Worldwide Holdings Company Profile
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing, developing and franchising hotels, resorts and timeshare properties. It operates through three segments: management and franchise, ownership and timeshare. It has approximately 4,610 hotels, resorts and timeshare properties comprising over 758,502 rooms in approximately 100 countries and territories.
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