Market Highlights: Park Hotels & Resorts Inc (PK) Ends on a Low Note at 15.34

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The price of Park Hotels & Resorts Inc (NYSE: PK) closed at $15.34 in the last session, down -2.17% from day before closing price of $15.68. In other words, the price has decreased by -$2.17 from its previous closing price. On the day, 3.75 million shares were traded. PK stock price reached its highest trading level at $15.78 during the session, while it also had its lowest trading level at $15.03.

Ratios:

We take a closer look at PK’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.76. In the meantime, Its Debt-to-Equity ratio is 1.24 whereas as Long-Term Debt/Eq ratio is at 1.23.

On March 22, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $14 to $20.

Jefferies Upgraded its Hold to Buy on January 02, 2024, whereas the target price for the stock was revised from $14 to $21.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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. On Sep 14 ’23, another insider, Garrett Geoffrey, who serves as the Director of the company, sold 14,000 shares for $12.83 each. As a result, the insider received 179,656 and left with 31,777 shares of the company.

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 3230573312 and an Enterprise Value of 7512566272. As of this moment, Park’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.60, and their Forward P/E ratio for the next fiscal year is 16.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 2.787 whereas that against EBITDA is 12.039.

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 -7.05%, while the 200-Day Moving Average is calculated to be 6.46%.

Shares Statistics:

According to the various share statistics, PK traded on average about 2.34M shares per day over the past 3-months and 2483920 shares per day over the past 10 days. A total of 209.99M shares are outstanding, with a floating share count of 205.40M. Insiders hold about 2.47% of the company’s shares, while institutions hold 95.49% stake in the company. Shares short for PK as of 1715731200 were 17567665 with a Short Ratio of 7.51, compared to 1713139200 on 16779206. Therefore, it implies a Short% of Shares Outstanding of 17567665 and a Short% of Float of 12.0699994.

Dividends & Splits

The forward annual dividend rate for PK is 1.48, which was 1.48 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.094387755

Earnings Estimates

Park Hotels & Resorts Inc (PK) is presently subject to a detailed evaluation by 7.0 analysts, each offering their unique perspectives on its market standing.On average, analysts expect EPS of $0.29 for the current quarter, with a high estimate of $0.33 and a low estimate of $0.26, while EPS last year was -$0.7. The consensus estimate for the next quarter is $0.17, with high estimates of $0.22 and low estimates of $0.1.

Analysts are recommending an EPS of between $0.87 and $0.64 for the fiscal current year, implying an average EPS of $0.77. EPS for the following year is $0.94, with 9.0 analysts recommending between $1.17 and $0.71.

Revenue Estimates

According to 13 analysts, the current quarter’s revenue is expected to be $699.06M. It ranges from a high estimate of $723M to a low estimate of $681M. As of the current estimate, Park Hotels & Resorts Inc’s year-ago sales were $720.29MFor the next quarter, 13 analysts are estimating revenue of $659.6M. There is a high estimate of $690M for the next quarter, whereas the lowest estimate is $624M.

Based on 16 analysts’ estimates, the company’s revenue will be $2.73B in the next fiscal year. The high estimate is $2.82B and the low estimate is $2.68B.

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