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.
Park Hotels & Resorts Inc (NYSE: PK) closed the day trading at $13.78 down -2.06% from the previous closing price of $14.07. In other words, the price has decreased by -$2.06 from its previous closing price. On the day, 3.67 million shares were traded. PK stock price reached its highest trading level at $14.17 during the session, while it also had its lowest trading level at $13.7.
Ratios:
For a better understanding of PK, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.05. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 2844260608 and an Enterprise Value of 7111255552. As of this moment, Park’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.74, and their Forward P/E ratio for the next fiscal year is 15.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.08 while its Price-to-Book (P/B) ratio in mrq is 0.76. Its current Enterprise Value per Revenue stands at 2.671 whereas that against EBITDA is 10.957.
Stock Price History:
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 -4.40%, while the 200-Day Moving Average is calculated to be -6.64%.
Shares Statistics:
Over the past 3-months, PK traded about 3.24M shares per day on average, while over the past 10 days, PK traded about 3861980 shares per day. A total of 206.40M shares are outstanding, with a floating share count of 201.09M. Insiders hold about 2.58% of the company’s shares, while institutions hold 97.83% stake in the company. Shares short for PK as of 1734048000 were 16276847 with a Short Ratio of 5.02, compared to 1731628800 on 22019131. Therefore, it implies a Short% of Shares Outstanding of 16276847 and a Short% of Float of 11.510000400000001.
Dividends & Splits
PK’s forward annual dividend rate is 1.00, up from 1.68 a year ago. Against a Trailing Annual Dividend Yield of 0.11940298
