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As of close of business last night, Park Hotels & Resorts Inc’s stock clocked out at $15.10, up 1.27% from its previous closing price of $14.91. In other words, the price has increased by $1.27 from its previous closing price. On the day, 1.83 million shares were traded. PK stock price reached its highest trading level at $15.255 during the session, while it also had its lowest trading level at $14.93.
Ratios:
To gain a deeper understanding of PK’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.43. In the meantime, Its Debt-to-Equity ratio is 1.27 whereas as Long-Term Debt/Eq ratio is at 1.25.
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:
Investing in insider trades can also provide an investor with insight into how management views future 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 3154646784 and an Enterprise Value of 7457650688. As of this moment, Park’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.45, and their Forward P/E ratio for the next fiscal year is 16.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.19 while its Price-to-Book (P/B) ratio in mrq is 0.83. Its current Enterprise Value per Revenue stands at 2.797 whereas that against EBITDA is 11.838.
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 3.41%, while the 200-Day Moving Average is calculated to be -2.01%.
Shares Statistics:
It appears that PK traded 2.65M shares on average per day over the past three months and 1804530 shares per day over the past ten days. A total of 209.99M shares are outstanding, with a floating share count of 203.75M. Insiders hold about 2.48% of the company’s shares, while institutions hold 100.38% stake in the company. Shares short for PK as of 1723680000 were 19457639 with a Short Ratio of 7.35, compared to 1721001600 on 17012104. Therefore, it implies a Short% of Shares Outstanding of 19457639 and a Short% of Float of 13.520001.
Dividends & Splits
With its trailing 12-month dividend rate of 1.58, PK has a forward annual dividend rate of 1.58. Against a Trailing Annual Dividend Yield of 0.10596915
Earnings Estimates
The current rating of Park Hotels & Resorts Inc (PK) is the result of assessments by 7.0 analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is $0.17, with high estimates of $0.22 and low estimates of $0.12.
Analysts are recommending an EPS of between $0.81 and $0.57 for the fiscal current year, implying an average EPS of $0.76. EPS for the following year is $0.92, with 9.0 analysts recommending between $1.17 and $0.78.
Revenue Estimates
In the current quarter, 12 analysts expect revenue to total $653.73M. It ranges from a high estimate of $683M to a low estimate of $621M. As of the current estimate, Park Hotels & Resorts Inc’s year-ago sales were $679MFor the next quarter, 12 analysts are estimating revenue of $654.66M. There is a high estimate of $671.55M for the next quarter, whereas the lowest estimate is $637.5M.
A total of 15 analysts have provided revenue estimates for PK’s current fiscal year. The highest revenue estimate was $2.67B, while the lowest revenue estimate was $2.6B, resulting in an average revenue estimate of $2.64B. In the same quarter a year ago, actual revenue was $nanBased on 15 analysts’ estimates, the company’s revenue will be $2.71B in the next fiscal year. The high estimate is $2.82B and the low estimate is $2.63B.
