Park Hotels & Resorts Inc. (NYSE:PK) shares traded 0.39% higher at $12.82 on Wall Street last session.
In accordance with the data, 15 analysts cover Park Hotels & Resorts Inc. (NYSE:PK). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $13.00, we find $15.00. Given the previous closing price of $12.77, this indicates a potential upside of 17.46 percent. PK stock price is now -0.84% away from the 50-day moving average and 1.42% away from the 200-day moving average. The market capitalization of the company currently stands at $2.66B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
It has been rated a hold by 11 analysts and a buy by 3. Brokers who have rated the stock have averaged $16.42 as their price target over the next twelve months.
With the price target maintained at $18.50, Evercore ISI recently Downgraded its rating from Outperform to In-line for Park Hotels & Resorts Inc. (NYSE: PK).
In other news, Garrett Geoffrey, Director sold 3,000 shares of the company’s stock on Dec 16. The stock was sold for $35,565 at an average price of $11.86. Upon completion of the transaction, the Director now directly owns 33,604 shares in the company, valued at $0.43 million. Insiders disposed of 132,685 shares of company stock worth roughly $1.7 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PK stock. A new stake in Park Hotels & Resorts Inc. shares was purchased by PRIVATE MANAGEMENT GROUP INC during the first quarter worth $23,435,000. SCHONFELD STRATEGIC ADVISORS LLC invested $15,108,000 in shares of PK during the first quarter. In the first quarter, SOUND INCOME STRATEGIES, LLC acquired a new stake in Park Hotels & Resorts Inc. valued at approximately $6,138,000. WALLEYE CAPITAL LLC acquired a new stake in PK for approximately $5,486,000. SCULPTOR CAPITAL LP purchased a new stake in PK valued at around $3,217,000 in the second quarter. In total, there are 452 active investors with 92.70% ownership of the company’s stock.
Park Hotels & Resorts Inc. (NYSE: PK) opened at $12.91 on Friday. During the past 12 months, Park Hotels & Resorts Inc. has had a low of $10.70 and a high of $15.96. The fifty day moving average price for PK is $12.94 and a two-hundred day moving average price translates $12.69 for the stock.
The latest earnings results from Park Hotels & Resorts Inc. (NYSE: PK) was released for Mar, 2023. The net profit margin was 9.40% and return on equity was 5.80% for PK. The company reported revenue of $648.0 million for the quarter, compared to $479.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 35.28 percent.
Moreover, the firm recently paid out its quarterly dividend on 07/17/2023. Investors who held shares on 06/30/2023 were paid a $0.15 dividend. On an annualized basis, this represents a $0.60 dividend and a 4.68% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend. In terms of dividend payout ratio, PK is presently at 26.00%.
