The stock of Park Hotels & Resorts Inc. (NYSE:PK) increased by $0.4 on Tuesday to finish at $13.18, up 3.13 percent. The last five days have seen an average of 2,589,160 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $1.39. The average number of shares traded over the last 20 days was 3,446,550, while the average volume over the last 50 days totaled 3,118,280.
PK stock dropped -3.30% since last month. On 08/03/23, the company’s shares reached a one-month low of $12.10. The stock touched a high of $15.38 on 02/02/23, after rallying from a low of $10.70 in 52 weeks. The price of PK stock has risen by 11.79% or $1.39 this year, reaching a new high 16 times. Still, the stock price is down -14.28% from the 52-week high.
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Insider Transactions
PK stock investors should be aware that Park Hotels & Resorts Inc. (PK) stock had its last reported insider trading activity 257 days ago on Dec 16. On Dec 16, Director Garrett Geoffrey sold 3,000 shares at $11.86 each. This transaction resulted in the insider making $35,565.
Valuation Metrics
Beta for the stock is 1.94. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.08, the price-to-book (PB) ratio of 0.70, and the price-to-cash flow ratio of 12.76.
Company paid $0.15 per share in dividends, remained unchanged from $0.15 last year. A $0.10 dividend decrease was reported on Wednesday March 15 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.11, and the total debt to equity ratio is 1.11. As far as profitability goes, gross margin for the trailing twelve months is 64.80% percent. Park Hotels & Resorts Inc.’s operating margin stood at 6.00% for the same period. Based on annual data, it had gross profit of $1.64 billion and revenue of $2.5 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PK’s return on assets (ROA) during the last 12 months has been -0.50%. There was a 4.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -1.10%.
Earnings Surprise
According to Park Hotels & Resorts Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $714.0 million, while revenues rose by 2.66% to $648.0 million. It was predicted that Park Hotels & Resorts Inc.’s quarterly earnings would be -$0.7, but it ended up being $0.28. EBITDA was -$32.0 million for the quarter. At the end of Park Hotels & Resorts Inc.’s most recent quarter ended June 29, its liabilities totaled 5.33 billion, while its total debt was $4.72 billion. Equity owned by shareholders amounts to $215.73 million.
Technical Picture
Here’s a quick look at Park Hotels & Resorts Inc.’s (PK) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 58.30%, suggesting the stock is Neutral, with a 31.81% historical volatility rate.
The stochastic %K and %D were 35.22% and 23.79% respectively, while the average true range (ATR) was 0.41. Based on the 14-day stochastic reading of 62.33%, the RSI (14) reading is 54.18%. On the 9-day MACD Oscillator, the stock is at 0.05, and the 14-day reading is at -0.05.
Analyst Ratings
Park Hotels & Resorts Inc. (NYSE: PK) was downgraded by Evercore ISI to a an In-line rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Park Hotels & Resorts Inc. (PK) an Hold rating. PK is a stock that is recommended for selling by 1 brokerage firm, while 11 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is PK’s price target for the next 12 months?
The current consensus forecast for the stock is between $12.00 and $25.00, with a median target price of $15.00. In analyzing these forecasts, the average price target given by analysts for Park Hotels & Resorts Inc. (PK) is $16.00.
