What Analysts Say about the Park Hotels & Resorts Inc. (PK) Stock

Park Hotels & Resorts Inc. (NYSE:PK) saw an upside of 0.10% to close Tuesday at $19.22 after adding $0.02 on the day. The 5-day average trading volume is 2,080,560 shares of the company’s common stock. It has gained $19.53 in the past week. An average of 2,636,265 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,639,864.

PK’s 1-month performance is -0.26% or $0.85 on its low of $18.39 reached on 09/20/21. The company’s shares have touched a 52-week low of $9.31 and high of $24.67, with the stock’s rally to the 52-week high happening on 03/18/21. YTD, PK has achieved 12.07% or $2.07. However, the current price is down -22.09%% from the 52-week high price.


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Insider Transactions

On Sep 14, 29 days have gone by since the last insider trading activity for Park Hotels & Resorts Inc. (PK). Garrett Geoffrey (Director) most recently sold 3,898 shares at $19.29 per share on Sep 14. This transaction cost the insider $75,173. Director, SADOVE STEPHEN I, sold 7,645 shares at a price of $21.77 on May 14. Then, on May 13, Director SADOVE STEPHEN I sold 11,248 shares at a price of $21.43 per share. This transaction amounted to $241,045.

Valuation Metrics

Park Hotels & Resorts Inc. (PK) has a trailing price-to-earnings (P/E) ratio of 21.25 for the broader industry and 37.94 for the sector. The company’s PE ratio for the last five years has touched a high of 45.41 and a low of 1.997. PK stock has a beta of 2.20. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.50 while the price-to-book (PB) in the most recent quarter is 0.99.

As well, the company’s long term debt to equity for the quarter ending June 29 was 1.11, while the total debt to equity was 1.11. In terms of profitability, the gross margin trailing 12 months is 63.70%. while for the period ending June 29; Park Hotels & Resorts Inc.’s operating margin was -76.10%. The firm’s gross profit as reported stood at $486.0 million against revenue of $852.0 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PK to announce -$0.62 per share in earnings in its latest quarter, but it posted -$0.49, representing a 21.00% surprise. EBITDA for the quarter stood at more than $30.0 million. PK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.72 billion, with total debt at $5.34 billion. Shareholders hold equity totaling $236.49 million

Technical Picture

Let’s look briefly at Park Hotels & Resorts Inc. (PK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 45.85% to suggest the stock is trending Neutral, with historical volatility in this time period at 28.81%.

The stock’s 5-day moving average is $19.24, reflecting a -0.57% or -$0.11 change from its current price. PK is currently trading +0.79% above its 20-day SMA, -6.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +6.54% and +11.81% respectively.

Stochastic %K and %D was 32.15% and 33.11% and the average true range (ATR) pointed at 0.59. The RSI (14) points at 48.67%, while the 14-day stochastic is at 30.97% with the period’s ATR at 0.63. The stock’s 9-day MACD Oscillator is pointing at -0.09 and -0.35 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Park Hotels & Resorts Inc. (NYSE: PK), Truist upgraded it to a Hold rating. They previously had a Sell rating on the stock. Analysts offering their rating for PK stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate PK as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.

What is PK’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $18.00 and a high of $28.00, with their median price target at $23.00. Looking at these predictions, the average price target given by analysts is for Park Hotels & Resorts Inc. (PK) stock is $22.79.

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