For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Park Hotels & Resorts Inc’s stock clocked out at $15.97, down -0.99% from its previous closing price of $16.13. In other words, the price has decreased by -$0.99 from its previous closing price. On the day, 5.35 million shares were traded. PK stock price reached its highest trading level at $16.65 during the session, while it also had its lowest trading level at $15.48.
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 4.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.43. In the meantime, Its Debt-to-Equity ratio is 1.24 whereas as Long-Term Debt/Eq ratio is at 1.22.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on March 22, 2024, Upgraded its rating to Buy and sets its target price to $20 from $14 previously.
On January 02, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $14 to $21.
JP Morgan Upgraded its Underweight to Neutral on December 14, 2023, whereas the target price for the stock was revised from $11 to $16.
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 Sep 14 ’23 when Garrett Geoffrey sold 14,000 shares for $12.83 per share. The transaction valued at 179,656 led to the insider holds 31,777 shares of the business.
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 3362100224 and an Enterprise Value of 7644099584. As of this moment, Park’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.72, and their Forward P/E ratio for the next fiscal year is 19.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25 while its Price-to-Book (P/B) ratio in mrq is 0.88. Its current Enterprise Value per Revenue stands at 2.831 whereas that against EBITDA is 12.043.
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 -5.61%, while the 200-Day Moving Average is calculated to be 14.71%.
Shares Statistics:
It appears that PK traded 2.54M shares on average per day over the past three months and 2766650 shares per day over the past ten days. A total of 209.99M shares are outstanding, with a floating share count of 204.90M. Insiders hold about 2.68% of the company’s shares, while institutions hold 93.60% stake in the company. Shares short for PK as of 1713139200 were 16779206 with a Short Ratio of 6.60, compared to 1710460800 on 13921057. Therefore, it implies a Short% of Shares Outstanding of 16779206 and a Short% of Float of 11.53.
Dividends & Splits
With its trailing 12-month dividend rate of 1.23, PK has a forward annual dividend rate of 1.48. Against a Trailing Annual Dividend Yield of 0.07625543
