Closing Figures: Park Hotels & Resorts Inc (PK)’s Negative Finish at 14.10, Down -4.79

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After finishing at $14.81 in the prior trading day, Park Hotels & Resorts Inc (NYSE: PK) closed at $14.10, down -4.79%. In other words, the price has decreased by -$4.79 from its previous closing price. On the day, 3.31 million shares were traded. PK stock price reached its highest trading level at $14.56 during the session, while it also had its lowest trading level at $14.035.

Ratios:

Our goal is to gain a better understanding of PK by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.34. In the meantime, Its Debt-to-Equity ratio is 1.27 whereas as Long-Term Debt/Eq ratio is at 1.25.

On May 15, 2024, Evercore ISI Upgraded its rating to Outperform which previously was In-line but kept the price unchanged to $20.

Citigroup Upgraded its Neutral to Buy on March 22, 2024, whereas the target price for the stock was revised from $14 to $20.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 09 ’24 when ECKERT THOMAS D bought 30,000 shares for $15.79 per share. The transaction valued at 473,598 led to the insider holds 137,478 shares of the business.

Garrett Geoffrey sold 1,255 shares of PK for $19,906 on May 09 ’24. The Director now owns 39,190 shares after completing the transaction at $15.86 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PK now has a Market Capitalization of 2945729792 and an Enterprise Value of 7248733184. As of this moment, Park’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.76, and their Forward P/E ratio for the next fiscal year is 15.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.11 while its Price-to-Book (P/B) ratio in mrq is 0.78. Its current Enterprise Value per Revenue stands at 2.719 whereas that against EBITDA is 11.506.

Stock Price History:

Over the past 52 weeks, PK has reached a high of $18.05, while it has fallen to a 52-week low of $10.06. The 50-Day Moving Average of the stock is -3.08%, while the 200-Day Moving Average is calculated to be -9.35%.

Shares Statistics:

The stock has traded on average 2.66M shares per day over the past 3-months and 3402230 shares per day over the last 10 days, according to various share statistics. A total of 209.99M shares are outstanding, with a floating share count of 203.71M. Insiders hold about 2.49% of the company’s shares, while institutions hold 96.82% stake in the company. Shares short for PK as of 1726185600 were 16641937 with a Short Ratio of 6.25, compared to 1723680000 on 19457639. Therefore, it implies a Short% of Shares Outstanding of 16641937 and a Short% of Float of 11.57.

Dividends & Splits

In the trailing 12 months, PK’s forward annual dividend rate was 1.58, compared to 1.68 this year. Against a Trailing Annual Dividend Yield of 0.108516484

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