The price of Park Hotels & Resorts Inc (NYSE:PK) shares last traded on Wall Street fell -1.03% to $15.39.
PK stock price is now 5.04% away from the 50-day moving average and 0.44% away from the 200-day moving average. The market capitalization of the company currently stands at $3.18B.
On May 15, 2024, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock keeping its target price maintained at $20, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, ECKERT THOMAS D, Director bought 30,000 shares of the company’s stock on May 09 ’24. The stock was bought for $473,598 at an average price of $15.79. Upon completion of the transaction, the Director now directly owns 137,478 shares in the company, valued at $2.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’24, Director Garrett Geoffrey sold 1,255 shares of the business’s stock. A total of $19,906 was realized by selling the stock at an average price of $15.86. This leaves the insider owning 39,190 shares of the company worth $0.6 million. A total of 2.57% of the company’s stock is owned by insiders.
During the past 12 months, Park Hotels & Resorts Inc has had a low of $13.23 and a high of $18.05. According to the stock market information, the enterprise value for the company is $7443567104, which is based on a 9.76 price-to-earnings ratio, a 3.31 price-to-earnings-growth ratio, and a beta of 2.04. The fifty day moving average price for PK is $14.6254 and a two-hundred day moving average price translates $15.32955 for the stock.
The latest earnings results from Park Hotels & Resorts Inc (NYSE: PK) was released for 2024-09-30. The net profit margin was 12.66% and return on equity was 8.61% for PK. The company reported revenue of $649.0 million for the quarter, compared to $679.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.42 percent.
