Park Hotels & Resorts Inc (NYSE: PK) has a higher price-to-earnings ratio of 36.24x compared to its average ratio. PK has 36-month beta value of 2.04. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for PK is 204.90M, and currently, short sellers hold a 8.19% ratio of that float. The average trading volume of PK on April 30, 2024 was 2.49M shares.
PK) stock’s latest price update
The stock price of Park Hotels & Resorts Inc (NYSE: PK) has surged by 0.60 when compared to previous closing price of 16.57, but the company has seen a 1.96% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-15 that Park Hotels & Resorts has outperformed the Vanguard Real Estate Index Fund ETF by close to 20% this year. RevPAR grew 4.1% Y/Y in Q4 2023, with a similar increase of about 4.5% projected for 2024. The company’s debt is entirely fixed-rate with an average interest rate of 5.24%.
PK’s Market Performance
Park Hotels & Resorts Inc (PK) has seen a 1.96% rise in stock performance for the week, with a -4.69% decline in the past month and a 5.77% surge in the past quarter. The volatility ratio for the week is 2.24%, and the volatility levels for the past 30 days are at 2.46% for PK. The simple moving average for the last 20 days is -1.41% for PK stock, with a simple moving average of 20.09% for the last 200 days.
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 -1.19% 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 -7.65% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares sank -5.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.24% upper at present.
During the last 5 trading sessions, PK rose by +1.96%, which changed the moving average for the period of 200-days by +20.88% in comparison to the 20-day moving average, which settled at $16.86. In addition, Park Hotels & Resorts Inc saw 8.95% 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 2.77. The receivables turnover for the company is 24.09for trailing twelve months and the total asset turnover is 0.29.
Conclusion
To put it simply, Park Hotels & Resorts Inc (PK) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
