Park Hotels & Resorts Inc (PK) concluded trading on Thursday at a closing price of $14.60, with 4.36 million shares of worth about $63.68 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -16.67% during that period and on September 25, 2024 the price saw a loss of about -3.76%. Currently the company’s common shares owned by public are about 209.99M shares, out of which, 203.72M shares are available for trading.
Stock saw a price change of -0.34% in past 5 days and over the past one month there was a price change of -2.60%. Year-to-date (YTD), PK shares are showing a performance of -4.58% which increased to 33.89% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.06 but also hit the highest price of $18.05 during that period. The average intraday trading volume for Park Hotels & Resorts Inc shares is 2.60 million. The stock is currently trading 0.04% above its 20-day simple moving average (SMA20), while that difference is up 0.24% for SMA50 and it goes to -6.06% lower than SMA200.
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Park Hotels & Resorts Inc (NYSE: PK) currently have 209.99M outstanding shares and institutions hold larger chunk of about 96.87% of that.
The stock has a current market capitalization of $3.05B and its 3Y-monthly beta is at 2.04. PE ratio of stock for trailing 12 months is 10.11, while it has posted earnings per share of $1.44 in the same period. Its PEG reads 1.26 while making debt-to-equity ratio of 1.27. 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 3.91% while standing at 2.83% over the month.
Stock’s fiscal year EPS is expected to rise by 70.68% while it is estimated to increase by 15.84% in next year. EPS is likely to grow at an annualized rate of 8.00% for next 5-years, compared to annual growth of -28.19% 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 Evercore ISI on May 15, 2024 offering an Outperform rating for the stock and assigned a target price of $20 to it. Coverage by Citigroup stated Park Hotels & Resorts Inc (PK) stock as a Buy in their note to investors on March 22, 2024, suggesting a price target of $20 for the stock. On January 02, 2024, Jefferies Upgrade their recommendations, while on December 14, 2023, JP Morgan Upgrade their ratings for the stock with a price target of $16. Stock get an Overweight rating from Barclays on November 06, 2023.
