In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Park Hotels & Resorts Inc (NYSE: PK) closed at $13.48 up 0.97% from its previous closing price of $13.35. In other words, the price has increased by $0.97 from its previous closing price. On the day, 4.13 million shares were traded. PK stock price reached its highest trading level at $13.66 during the session, while it also had its lowest trading level at $13.38.
Ratios:
For a deeper understanding of Park Hotels & Resorts Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.79. In the meantime, Its Debt-to-Equity ratio is 1.28 whereas as Long-Term Debt/Eq ratio is at 1.28.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2782339072 and an Enterprise Value of 7049334272. As of this moment, Park’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.55, and their Forward P/E ratio for the next fiscal year is 14.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.06 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 2.648 whereas that against EBITDA is 10.862.
Stock Price History:
The Beta on a monthly basis for PK is 2.02, which has changed by -0.12228799 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, PK has reached a high of $17.56, while it has fallen to a 52-week low of $12.88. The 50-Day Moving Average of the stock is -5.90%, while the 200-Day Moving Average is calculated to be -6.82%.
Shares Statistics:
For the past three months, PK has traded an average of 3.46M shares per day and 3189290 over the past ten days. A total of 206.40M shares are outstanding, with a floating share count of 201.06M. Insiders hold about 2.59% of the company’s shares, while institutions hold 96.80% stake in the company. Shares short for PK as of 1736899200 were 19549316 with a Short Ratio of 5.65, compared to 1734048000 on 16276847. Therefore, it implies a Short% of Shares Outstanding of 19549316 and a Short% of Float of 13.83.
Dividends & Splits
According to the company, the forward annual dividend rate for PK is 1.00, from 1.68 in the trailing year. Against a Trailing Annual Dividend Yield of 0.12584269
