Park Hotels & Resorts Inc (PK) concluded trading on Wednesday at a closing price of $15.64, with 4.16 million shares of worth about $65.11 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 36.15% during that period and on Wednesday the price saw a gain of about 2.02%. Currently the company’s common shares owned by public are about 224.06M shares, out of which, 204.57M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 32 times over the past 12 months. They bought 131,557 shares in 23 of the transactions. In 9 selling transactions, insiders dumped 59,930 shares.
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However, the stock later moved at a day high price of 15.68, or with a gain of 2.02%. Stock saw a price change of 6.47% in past 5 days and over the past one month there was a price change of -3.93%. Year-to-date (YTD), PK shares are showing a performance of 2.22% which increased to 24.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.74 but also hit the highest price of $16.77 during that period. The average intraday trading volume for Park Hotels & Resorts Inc shares is 3.25 million. The stock is currently trading 2.48% above its 20-day simple moving average (SMA20), while that difference is up 2.02% for SMA50 and it goes to 22.96% higher than SMA200.
Park Hotels & Resorts Inc (NYSE: PK) currently have 224.06M outstanding shares and institutions hold larger chunk of about 93.40% of that.
The stock has a current market capitalization of $3.28B and its 3Y-monthly beta is at 2.03. PE ratio of stock for trailing 12 months is 33.35, while it has posted earnings per share of $0.47 in the same period. Its PEG reads 4.17 while making debt-to-equity ratio of 1.18. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PK, volatility over the week remained 2.54% while standing at 2.53% over the month.
Analysts are in expectations that Park Hotels & Resorts Inc (PK) stock would likely to be making an EPS of $0.12 in the current quarter, while forecast for next quarter EPS is $0.24 and it is $0.74 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.12 which is $0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.15 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 47.22% while it is estimated to increase by 25.87% in next year. EPS is likely to grow at an annualized rate of 8.00% for next 5-years, compared to annual growth of -27.93% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on January 02, 2024 offering a Buy rating for the stock and assigned a target price range of between $14 and $21 to it. Coverage by JP Morgan stated Park Hotels & Resorts Inc (PK) stock as a Neutral in their note to investors on December 14, 2023, suggesting a price target of $16 for the stock. On November 06, 2023, Barclays Upgrade their recommendations, while on October 23, 2023, HSBC Securities Initiated their ratings for the stock with a price target of $13. Stock get a Neutral rating from Wedbush on October 03, 2023.
