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The closing price of Park Hotels & Resorts Inc (NYSE: PK) was $15.80 for the day, down -2.05% from the previous closing price of $16.13. In other words, the price has decreased by -$2.05 from its previous closing price. On the day, 2.07 million shares were traded. PK stock price reached its highest trading level at $16.08 during the session, while it also had its lowest trading level at $15.74.
Ratios:
Our analysis of PK’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.23. In the meantime, Its Debt-to-Equity ratio is 1.24 whereas as Long-Term Debt/Eq ratio is at 1.23.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 3327448320 and an Enterprise Value of 7678938624. As of this moment, Park’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.63, and their Forward P/E ratio for the next fiscal year is 18.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.24 while its Price-to-Book (P/B) ratio in mrq is 0.88. Its current Enterprise Value per Revenue stands at 2.848 whereas that against EBITDA is 12.306.
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 -6.80%, while the 200-Day Moving Average is calculated to be 12.67%.
Shares Statistics:
PK traded an average of 2.61M shares per day over the past three months and 2919350 shares per day over the past ten days. A total of 209.99M shares are outstanding, with a floating share count of 204.96M. Insiders hold about 2.68% of the company’s shares, while institutions hold 94.06% stake in the company. Shares short for PK as of 1713139200 were 16779206 with a Short Ratio of 6.42, 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 1.48, PK has a forward annual dividend rate of 1.48. Against a Trailing Annual Dividend Yield of 0.0917545
