Park Hotels & Resorts Inc (NYSE:PK) shares traded -0.52% lower at $11.47 on Wall Street last session.
In accordance with the data, 19 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 $12.00, we find $14.00. Given the previous closing price of $11.53, this indicates a potential upside of 21.42 percent. PK stock price is now -6.62% away from the 50-day moving average and -10.82% away from the 200-day moving average. The market capitalization of the company currently stands at $2.47B.
It has been rated a hold by 13 analysts and a buy by 5. Brokers who have rated the stock have averaged $15.13 as their price target over the next twelve months.
With the price target of $13, HSBC Securities recently initiated with Hold rating for Park Hotels & Resorts Inc (NYSE: PK).
In other news, Garrett Geoffrey, Director sold 14,000 shares of the company’s stock on Sep 14. The stock was sold for $179,656 at an average price of $12.83. Upon completion of the transaction, the Director now directly owns 31,777 shares in the company, valued at $0.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16, Director Garrett Geoffrey sold 3,000 shares of the business’s stock. A total of $35,565 was realized by selling the stock at an average price of $11.86. This leaves the insider owning 33,604 shares of the company worth $0.39 million. Insiders disposed of 146,685 shares of company stock worth roughly $1.68 million over the past 1 year. A total of 2.42% of the company’s stock is owned by insiders.
Park Hotels & Resorts Inc (NYSE: PK) opened at $11.55 on Wednesday. During the past 12 months, Park Hotels & Resorts Inc has had a low of $10.70 and a high of $15.38. The fifty day moving average price for PK is $12.28 and a two-hundred day moving average price translates $12.86 for the stock.
The latest earnings results from Park Hotels & Resorts Inc (NYSE: PK) was released for Jun, 2023. According to the REIT – Hotel & Motel Company, earnings per share came in at -$0.7, missing analysts’ expectations of $0.28 by -0.98. This compares to $0.68 EPS in the same period last year. The net profit margin was -1.79% and return on equity was -1.14% for PK. The company reported revenue of $714.0 million for the quarter, compared to $695.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.73 percent. For the current quarter, analysts expect PK to generate $664.36M in revenue.
Park Hotels & Resorts Inc(PK) Company Profile
Park is one of the largest publicly-traded lodging REITs with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 45 premium-branded hotels and resorts with over 29,000 rooms primarily located in prime city center and resort locations.
