While Park Hotels & Resorts Inc has underperformed by -1.43%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PK rose by 12.74%, with highs and lows ranging from $18.05 to $12.57, whereas the simple moving average fell by -5.51% in the last 200 days.
On September 26, 2024, Wolfe Research Downgraded Park Hotels & Resorts Inc (NYSE: PK) to Peer Perform. A report published by Evercore ISI on May 15, 2024, Upgraded its rating to ‘Outperform’ for PK. Citigroup also Upgraded PK shares as ‘Buy’, setting a target price of $20 on the company’s shares in a report dated March 22, 2024. Jefferies January 02, 2024d the rating to Buy on January 02, 2024, and set its price target from $14 to $21. JP Morgan December 14, 2023d its ‘Underweight’ rating to ‘Neutral’ for PK, as published in its report on December 14, 2023. Barclays’s report from November 06, 2023 suggests a price prediction of $19 for PK shares, giving the stock a ‘Overweight’ rating. HSBC Securities also rated the stock as ‘Hold’.
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Analysis of Park Hotels & Resorts Inc (PK)
A return on investment can be expected regardless of PK’s performance over the next quarter with the dividend set at $1.68 per share. Further, the quarter-over-quarter decrease in sales is -4.42%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Park Hotels & Resorts Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 8.61% is sufficient for you to turn a profit off your investment.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and PK is recording an average volume of 2.88M. On a monthly basis, the volatility of the stock is set at 2.99%, whereas on a weekly basis, it is put at 3.60%, with a loss of -1.50% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.07, showing growth from the present price of $14.49, 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?
A leading company in the REIT – Hotel & Motel sector, Park Hotels & Resorts Inc (PK) is based in the USA. 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 9.19, there is a growth in quarterly earnings of 103.77%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 2.54%. 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 97.79% 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 97.79% at present.
