While Park Hotels & Resorts Inc has overperformed by 1.27%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PK rose by 25.86%, with highs and lows ranging from $18.05 to $10.06, whereas the simple moving average fell by -2.01% in the last 200 days.
On May 15, 2024, Evercore ISI Upgraded Park Hotels & Resorts Inc (NYSE: PK) to Outperform. A report published by Citigroup on March 22, 2024, Upgraded its rating to ‘Buy’ for PK. Jefferies also Upgraded PK shares as ‘Buy’, setting a target price of $21 on the company’s shares in a report dated January 02, 2024. JP Morgan December 14, 2023d the rating to Neutral on December 14, 2023, and set its price target from $11 to $16. Barclays November 06, 2023d its ‘Equal Weight’ rating to ‘Overweight’ for PK, as published in its report on November 06, 2023. HSBC Securities’s report from October 23, 2023 suggests a price prediction of $13 for PK shares, giving the stock a ‘Hold’ rating. Wedbush also rated the stock as ‘Neutral’.
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Analysis of Park Hotels & Resorts Inc (PK)
The current dividend for PK investors is set at $1.58 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -3.92%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Park Hotels & Resorts Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 7.81% is sufficient for you to turn a profit off your investment.
As an indicator of volatility for any stock, average volume can also be very valuable, and PK is recording an average volume of 2.65M. On a monthly basis, the volatility of the stock is set at 2.88%, whereas on a weekly basis, it is put at 2.36%, with a gain of 1.27% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.33, showing growth from the present price of $15.10, which can serve as yet another indication of whether PK is worth investing in or should be passed over.
How Do You Analyze Park Hotels & Resorts Inc Shares?
Park Hotels & Resorts Inc (PK) is based in the USA and is one of the most prominent companies operating in the REIT – Hotel & Motel market. When comparing Park Hotels & Resorts Inc shares with other companies under Real Estate, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 10.45, there is a growth in quarterly earnings of 143.47%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.48%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 100.38% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PK shares are owned by institutional investors to the tune of 100.38% at present.
