Park Hotels & Resorts Inc. (PK) Earns Overweight Rating from Analysts at Barclays PLC
Barclays PLC started coverage on shares of Park Hotels & Resorts Inc. (NYSE:PK) in a research report report published on Monday morning. The brokerage issued an overweight rating and a $30.00 target price on the stock.
Several other equities analysts also recently commented on the stock. Canaccord Genuity reaffirmed a buy rating and set a $30.00 price objective on shares of Park Hotels & Resorts in a research note on Thursday, January 26th. Goldman Sachs Group, Inc. (The) began coverage on shares of Park Hotels & Resorts in a research note on Thursday, January 5th. They set a neutral rating and a $31.00 price objective for the company. Finally, SunTrust Banks, Inc. began coverage on shares of Park Hotels & Resorts in a research note on Wednesday, January 4th. They set a hold rating and a $29.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $30.40.
Park Hotels & Resorts (NYSE:PK) opened at 27.73 on Monday. The firm’s 50 day moving average is $27.53 and its 200 day moving average is $27.53. Park Hotels & Resorts has a 52-week low of $25.77 and a 52-week high of $30.74.
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The business also recently declared a special dividend, which will be paid on Thursday, March 9th. Investors of record on Thursday, January 19th will be paid a $2.79 dividend. The ex-dividend date of this dividend is Tuesday, January 17th.
Park Hotels & Resorts Company Profile
Park Hotels & Resorts Inc, formerly Hilton Worldwide, Inc, is lodging real estate company. The Company has a portfolio of hotels and resorts. The Company operates through ownership segment. The Company’s portfolio consists of approximately 70 hotels and resorts with approximately 36,000 rooms located in the United States and international markets.
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