The Park Hotels & Resorts Inc. (NYSE:PK) is going up by 2.23% in today’s trading session, a rise equivalent to 0.56% of the stock’s price from yesterday’s market close. A news came out on 09/04/19 stating that Park Hotels & Resorts Inc. Announces Term Loan Agreement for Proposed Chesapeake Acquisition by WSJ. The lowest point that the shares touched during the trading session was $24.965, while the peak of the day was recorded at a share price of $25.4425. PK finished the previous session at $25.29 according to the data provided by Barchart, while the trading volume was observed to be $1,013,380.
In the 100 days of trading, PK managed to top a 27.36% Moving average. Additionally, Park Hotels & Resorts Inc. shares have achieved a 52-week range between 23.02 and 33.43 alongside 100 days raw stochastic set at 30.16%.
The number of shares outstanding, according to the fundamentals of the company, is set at 202.45M, equal to the value of $5.12B in market capitalization. In the last 30 days, Park Hotels & Resorts Inc. shares went down by -0.71%, adding 26.01 to growth in value, on top of a +12.19% boost since 08/09/19.
Park Hotels & Resorts Inc. (NYSE:PK) Analyst’s Estimates
Park Hotels & Resorts Inc. (PK) could record at least $0.33 per share in quarterly earnings in the upcoming report on 10/31/2019, a number that would actually represent a decrease of -5.55% YOY.
According to the average analyst rating, Park Hotels & Resorts Inc. would be rated as Overweight. Out of 13 different analysts monitoring PK stock, 3 analysts rate the stock as a BUY, 6 suggest to give the rating of HOLD, 3 indicate that PK is an OVERWEIGHT, 0 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERWEIGHT.
On Jun-25-19, the stock earned a Initiated rating due to a new analyst call from CapitalOne, while analysts from Goldman believe that the stock is set at Neutral from Sell, as concluded on Jan-10-19. Evercore ISI, is still rather wary about the stock, deciding to keep the rating at In-line as confirmed through a call on Aug-20-18.
JP Morgan, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Jun-05-18, giving the stock a Neutral from the Overweight rating.
PK Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +19.91% has been attained, while the operating margin has been recorded at +14.87%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 4.93%. Additionally, Park Hotels & Resorts Inc. is recording price volatility of 2.29% for the period of the last seven days and 1.95% in the last 30 days.
Park Hotels & Resorts Inc. (NYSE:PK) Technical Outlook
For the period of the last 50 days, Park Hotels & Resorts Inc. had its Raw Stochastic average set at 56.02% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 93.81%. Stochastic %K for Park Hotels & Resorts Inc., with the last 20 days included, was set at 95.02%, having Stochastic %D topping 83.73%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Park Hotels & Resorts Inc. stocks with recording -2.66% in metrics.
Park Hotels & Resorts Inc. Insider Watch:
As far as the position of shares issued by Park Hotels & Resorts Inc. (NYSE:PK) for the period concluded at the market close of 09/10/19, 153 institutional investors increased their positions in PK shares by 21,057,228, 140 decreased positions by 20,025,557 and 41 institutional investors decided to hold positions at 170,719,669. These numbers put the complete list of institutional holdings set at 211,802,454 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 38 institutional investments with 2,005,512 new shares in addition to having 46 institutional investors selling their positions in 1,964,673 shares.