Compass Point Issues Pessimistic Forecast for Park Hotels & Resorts (NYSE:PK) Stock Price

Park Hotels & Resorts (NYSE:PK) had its price target decreased by Compass Point from $25.00 to $20.00 in a research note issued to investors on Thursday morning, Benzinga reports. Compass Point currently has a buy rating on the financial services provider’s stock.

A number of other research analysts have also recently weighed in on the company. StockNews.com upgraded Park Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Bank of America decreased their target price on Park Hotels & Resorts from $17.00 to $16.50 and set a “neutral” rating for the company in a report on Monday, October 21st. Truist Financial dropped their price objective on shares of Park Hotels & Resorts from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. UBS Group dropped their target price on Park Hotels & Resorts from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 16th. Finally, Wolfe Research cut Park Hotels & Resorts from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 26th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.58.

Park Hotels & Resorts Price Performance

Shares of NYSE PK opened at $13.84 on Thursday. Park Hotels & Resorts has a one year low of $12.09 and a one year high of $18.05. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.58 and a current ratio of 1.51. The firm has a market capitalization of $2.86 billion, a P/E ratio of 8.82, a PEG ratio of 0.72 and a beta of 2.02. The company’s fifty day moving average is $14.38 and its two-hundred day moving average is $14.90.

Park Hotels & Resorts (NYSE:PK) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.21). Park Hotels & Resorts had a return on equity of 9.63% and a net margin of 12.66%. The company had revenue of $649.00 million during the quarter, compared to analyst estimates of $646.15 million. During the same period last year, the firm earned $0.51 earnings per share. The business’s revenue was down 4.4% compared to the same quarter last year. Analysts forecast that Park Hotels & Resorts will post 2.09 EPS for the current fiscal year.

Institutional Trading of Park Hotels & Resorts

Institutional investors have recently bought and sold shares of the company. Fidelis Capital Partners LLC acquired a new position in Park Hotels & Resorts in the 1st quarter valued at $26,000. Harbor Capital Advisors Inc. bought a new position in Park Hotels & Resorts during the 3rd quarter valued at about $33,000. Quarry LP raised its stake in shares of Park Hotels & Resorts by 82.1% in the second quarter. Quarry LP now owns 4,118 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 1,857 shares during the last quarter. Claro Advisors LLC acquired a new position in Park Hotels & Resorts in the third quarter worth $69,000. Finally, FinTrust Capital Advisors LLC lifted its position in Park Hotels & Resorts by 260.5% during the 1st quarter. FinTrust Capital Advisors LLC now owns 5,076 shares of the financial services provider’s stock worth $89,000 after buying an additional 3,668 shares in the last quarter. Institutional investors and hedge funds own 92.69% of the company’s stock.

About Park Hotels & Resorts

Park is one of the largest publicly traded lodging REITs with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 43 premium-branded hotels and resorts with over 26,000 rooms primarily located in prime city center and resort locations.