In yesterday’s Wall Street session, Park Hotels & Resorts Inc (NYSE:PK) shares traded at $13.35, down -2.13% from the previous session.
PK stock price is now -6.92% away from the 50-day moving average and -7.81% away from the 200-day moving average. The market capitalization of the company currently stands at $2.76B.
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 $1.84 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 $0.52 million. A total of 2.59% of the company’s stock is owned by insiders.
During the past 12 months, Park Hotels & Resorts Inc has had a low of $12.88 and a high of $17.56. According to the stock market information, the enterprise value for the company is $7022501888, which is based on a 8.47 price-to-earnings ratio, a 0.29 price-to-earnings-growth ratio, and a beta of 2.02. The fifty day moving average price for PK is $14.6322 and a two-hundred day moving average price translates $14.87035 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.
