Park Hotels & Resorts (NYSE:PK) is scheduled to post its quarterly earnings results after the market closes on Thursday, February 17th. Analysts expect Park Hotels & Resorts to post earnings of $0.04 per share for the quarter. Individuals interested in registering for the company’s earnings conference call can do so using this link.
Shares of Park Hotels & Resorts stock opened at $19.55 on Thursday. The firm has a fifty-day simple moving average of $18.51 and a 200-day simple moving average of $18.80. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 1.05. Park Hotels & Resorts has a 1-year low of $15.77 and a 1-year high of $24.67. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of -7.58 and a beta of 2.10.
A number of analysts have recently weighed in on the stock. Bank of America cut shares of Park Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $24.00 to $23.00 in a research note on Monday, January 10th. Zacks Investment Research cut shares of Park Hotels & Resorts from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 3rd. Wells Fargo & Company cut shares of Park Hotels & Resorts from an “overweight” rating to an “equal weight” rating in a research note on Monday, October 18th. Truist Financial boosted their target price on shares of Park Hotels & Resorts from $18.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, December 3rd. Finally, UBS Group lowered shares of Park Hotels & Resorts to a “neutral” rating in a research report on Monday, January 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Park Hotels & Resorts currently has a consensus rating of “Hold” and a consensus target price of $22.14.
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About Park Hotels & Resorts
Park Hotels & Resorts, Inc operates as a real estate investment trust, which owns and operates hotels and resorts. It operates through the Consolidated Hotels and Unconsolidated Hotels segments. Its portfolio of hotels and resorts include the Waldorf Astoria Hotels and Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, and Curio.
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