In the past week, PK stock has gone up by 1.20%, with a monthly gain of 10.80% and a quarterly surge of 12.73%. The volatility ratio for the week is 1.94%, and the volatility levels for the last 30 days are 2.28% for Park Hotels & Resorts Inc The simple moving average for the last 20 days is 2.29% for PK stock, with a simple moving average of 32.50% for the last 200 days.
Is It Worth Investing in Park Hotels & Resorts Inc (NYSE: PK) Right Now?
Park Hotels & Resorts Inc (NYSE: PK) has a price-to-earnings ratio that is above its average at 38.37x. The stock has a 36-month beta value of 2.04. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for PK is 204.96M, and at present, short sellers hold a 6.79% of that float. On March 28, 2024, the average trading volume of PK was 3.02M shares.
PK) stock’s latest price update
Park Hotels & Resorts Inc (NYSE: PK)’s stock price has increased by 0.74 compared to its previous closing price of 17.52. However, the company has seen a 1.20% increase in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-03-18 that TYSONS, Va., March 18, 2024 (GLOBE NEWSWIRE) — Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the first quarter 2024 after the stock market closes on Tuesday, April 30, 2024. Park will hold a conference call on Wednesday, May 1, 2024, at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook.
Analysts’ Opinion of PK
Many brokerage firms have already submitted their reports for PK stocks, with Citigroup repeating the rating for PK by listing it as a “Buy.” The predicted price for PK in the upcoming period, according to Citigroup is $20 based on the research report published on March 22, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see PK reach a price target of $21, previously predicting the price at $14. The rating they have provided for PK stocks is “Buy” according to the report published on January 02nd, 2024.
JP Morgan gave a rating of “Neutral” to PK, setting the target price at $16 in the report published on December 14th of the previous year.
PK Trading at 8.90% from the 50-Day Moving Average
After a stumble in the market that brought PK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.22% of loss for the given period.
Volatility was left at 2.28%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares surge +5.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.73% upper at present.
During the last 5 trading sessions, PK rose by +1.20%, which changed the moving average for the period of 200-days by +26.89% in comparison to the 20-day moving average, which settled at $17.30. In addition, Park Hotels & Resorts Inc saw 15.36% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PK starting from Garrett Geoffrey, who sale 14,000 shares at the price of $12.83 back on Sep 14 ’23. After this action, Garrett Geoffrey now owns 31,777 shares of Park Hotels & Resorts Inc, valued at $179,656 using the latest closing price.
Stock Fundamentals for PK
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.37 for the gross margin
The net margin for Park Hotels & Resorts Inc stands at 0.04. The total capital return value is set at 0.03. Equity return is now at value 2.38, with 1.01 for asset returns.
Based on Park Hotels & Resorts Inc (PK), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.18. The interest coverage ratio of the stock is 1.91.
Currently, EBITDA for the company is 598.0 million with net debt to EBITDA at 5.83. When we switch over and look at the enterprise to sales, we see a ratio of 2.85. The receivables turnover for the company is 24.09for trailing twelve months and the total asset turnover is 0.29.
Conclusion
To sum up, Park Hotels & Resorts Inc (PK) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
