Cantor Fitzgerald Forecasts Strong Price Appreciation for Park Hotels & Resorts (NYSE:PK) Stock

Park Hotels & Resorts (NYSE:PK) had its price objective hoisted by equities research analysts at Cantor Fitzgerald from $11.00 to $12.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 6.67% from the stock’s current price.

Several other brokerages have also recently issued reports on PK. Zacks Research upgraded Park Hotels & Resorts from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Barclays began coverage on shares of Park Hotels & Resorts in a research note on Tuesday, January 6th. They issued an “overweight” rating and a $13.00 price target for the company. Truist Financial cut their target price on shares of Park Hotels & Resorts from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. increased their price target on Park Hotels & Resorts from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings cut Park Hotels & Resorts from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Park Hotels & Resorts presently has a consensus rating of “Reduce” and a consensus target price of $11.27.

Park Hotels & Resorts Trading Down 0.5%

Shares of Park Hotels & Resorts stock opened at $11.25 on Tuesday. The company has a fifty day moving average of $11.17 and a 200 day moving average of $11.10. Park Hotels & Resorts has a fifty-two week low of $8.27 and a fifty-two week high of $12.50. The company has a market capitalization of $2.25 billion, a P/E ratio of -7.87 and a beta of 1.40. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.34 and a current ratio of 1.34.

Park Hotels & Resorts (NYSE:PK) last released its earnings results on Thursday, February 19th. The financial services provider reported ($1.04) earnings per share for the quarter, missing the consensus estimate of $0.46 by ($1.50). The business had revenue of $629.00 million for the quarter, compared to the consensus estimate of $621.79 million. Park Hotels & Resorts had a negative return on equity of 8.56% and a negative net margin of 11.14%.The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. Park Hotels & Resorts has set its FY 2026 guidance at 1.730-1.89 EPS. On average, sell-side analysts anticipate that Park Hotels & Resorts will post 2.11 earnings per share for the current fiscal year.

Insider Transactions at Park Hotels & Resorts

In related news, Director Christie B. Kelly purchased 2,949 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was acquired at an average price of $11.19 per share, with a total value of $32,999.31. Following the purchase, the director directly owned 150,501 shares in the company, valued at approximately $1,684,106.19. This represents a 2.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Park Hotels & Resorts

Institutional investors have recently modified their holdings of the business. Capital Fund Management S.A. grew its position in shares of Park Hotels & Resorts by 39.1% during the second quarter. Capital Fund Management S.A. now owns 370,803 shares of the financial services provider’s stock valued at $3,793,000 after purchasing an additional 104,307 shares in the last quarter. SAM Advisors LLC purchased a new position in Park Hotels & Resorts during the 3rd quarter valued at approximately $2,212,000. Squarepoint Ops LLC increased its stake in Park Hotels & Resorts by 370.3% in the 2nd quarter. Squarepoint Ops LLC now owns 432,535 shares of the financial services provider’s stock worth $4,425,000 after acquiring an additional 340,568 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Park Hotels & Resorts by 13.9% in the third quarter. Citigroup Inc. now owns 1,636,353 shares of the financial services provider’s stock valued at $18,131,000 after purchasing an additional 199,405 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its position in Park Hotels & Resorts by 28.3% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 483,869 shares of the financial services provider’s stock worth $5,361,000 after purchasing an additional 106,662 shares during the last quarter. 92.69% of the stock is owned by hedge funds and other institutional investors.

Park Hotels & Resorts Company Profile

Park Hotels & Resorts Inc is a publicly traded real estate investment trust (REIT) specializing in luxury and upper-upscale hospitality properties. The company’s primary business activity involves owning and leasing premier hotels and resorts across major urban and resort destinations. Through long-term management and franchise agreements with leading hotel operators, Park generates revenue from room nights, food and beverage offerings, meetings and events, and ancillary services.

Since its spin-off from Hilton Worldwide in January 2017, Park Hotels & Resorts has assembled a diversified portfolio of more than 60 properties.