Park Hotels & Resorts (NYSE:PK) Given New $27.00 Price Target at Deutsche Bank

Park Hotels & Resorts (NYSE:PK) had its price objective hoisted by investment analysts at Deutsche Bank from $25.00 to $27.00 in a research note issued on Friday, Stock Target Advisor reports. The firm currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank’s price target would suggest a potential upside of 17.29% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on PK. Evercore ISI upgraded Park Hotels & Resorts from an “in-line” rating to an “outperform” rating and dropped their price objective for the stock from $33.00 to $31.00 in a research note on Thursday, September 12th. Zacks Investment Research cut Park Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday, October 18th. Barclays restated an “overweight” rating and issued a $30.00 price target on shares of Park Hotels & Resorts in a research note on Friday, September 27th. UBS Group set a $24.00 price target on Park Hotels & Resorts and gave the company a “hold” rating in a research note on Friday, August 16th. Finally, Nomura dropped their price target on Park Hotels & Resorts from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $28.33.

Shares of Park Hotels & Resorts stock opened at $23.02 on Friday. Park Hotels & Resorts has a 12-month low of $22.38 and a 12-month high of $33.02. The stock has a market cap of $4.67 billion, a P/E ratio of 7.78, a P/E/G ratio of 2.18 and a beta of 1.30. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $24.00 and its 200-day moving average is $26.46.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Robecosam AG lifted its position in shares of Park Hotels & Resorts by 7.4% during the 2nd quarter. Robecosam AG now owns 5,800 shares of the financial services provider’s stock worth $159,000 after buying an additional 400 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Park Hotels & Resorts by 0.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 65,998 shares of the financial services provider’s stock worth $1,819,000 after buying an additional 458 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of Park Hotels & Resorts by 68.5% during the 2nd quarter. Advisory Services Network LLC now owns 1,436 shares of the financial services provider’s stock worth $40,000 after buying an additional 584 shares during the last quarter. Advisor Group Inc. raised its position in Park Hotels & Resorts by 34.2% in the second quarter. Advisor Group Inc. now owns 2,375 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 605 shares during the last quarter. Finally, Assetmark Inc. raised its position in Park Hotels & Resorts by 2.5% in the second quarter. Assetmark Inc. now owns 24,682 shares of the financial services provider’s stock valued at $680,000 after purchasing an additional 609 shares during the last quarter.

Park Hotels & Resorts Company Profile

Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio consists of 52 premium-branded hotels and resorts with over 30,000 rooms, a substantial portion of which are located in prime United States markets with high barriers to entry.

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Analyst Recommendations for Park Hotels & Resorts (NYSE:PK)

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