The stock of Park Hotels & Resorts Inc (NYSE: PK) has increased by 1.28 when compared to last closing price of 14.82.Despite this, the company has seen a gain of 1.21% in its stock price over the last five trading days. zacks.com reported 2024-07-22 that The P/B ratio helps to identify low-priced stocks with high growth prospects General Motors Company (GM), Park Hotels & Resorts (PK), StoneCo (STNE), EnerSys (ENS) and PayPal (PYPL) are some such stocks.
Is It Worth Investing in Park Hotels & Resorts Inc (NYSE: PK) Right Now?
Park Hotels & Resorts Inc (NYSE: PK) has a higher price-to-earnings ratio of 33.85x compared to its average ratio. PK has 36-month beta value of 2.05. 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.”
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The public float for PK is 205.39M, and currently, short sellers hold a 8.36% ratio of that float. The average trading volume of PK on July 23, 2024 was 2.60M shares.
PK’s Market Performance
PK stock saw an increase of 1.21% in the past week, with a monthly gain of 1.56% and a quarterly increase of -7.06%. The volatility ratio for the week is 3.80%, and the volatility levels for the last 30 days are 2.45% for Park Hotels & Resorts Inc (PK). The simple moving average for the last 20 days is 2.08% for PK’s stock, with a simple moving average of 0.58% for the last 200 days.
Analysts’ Opinion of PK
Many brokerage firms have already submitted their reports for PK stocks, with Evercore ISI repeating the rating for PK by listing it as a “Outperform.” The predicted price for PK in the upcoming period, according to Evercore ISI is $20 based on the research report published on May 15, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see PK reach a price target of $20, previously predicting the price at $14. The rating they have provided for PK stocks is “Buy” according to the report published on March 22nd, 2024.
Jefferies gave a rating of “Buy” to PK, setting the target price at $21 in the report published on January 02nd of the current year.
PK Trading at -1.52% 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 -16.84% of loss for the given period.
Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 3.80%, as shares surge +1.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.00% lower at present.
During the last 5 trading sessions, PK rose by +1.21%, which changed the moving average for the period of 200-days by +28.51% in comparison to the 20-day moving average, which settled at $14.71. In addition, Park Hotels & Resorts Inc saw -1.90% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PK starting from ECKERT THOMAS D, who purchase 30,000 shares at the price of $15.79 back on May 09 ’24. After this action, ECKERT THOMAS D now owns 137,478 shares of Park Hotels & Resorts Inc, valued at $473,598 using the latest closing price.
Garrett Geoffrey, the Director of Park Hotels & Resorts Inc, sale 1,255 shares at $15.86 during a trade that took place back on May 09 ’24, which means that Garrett Geoffrey is holding 39,190 shares at $19,906 based on the most recent closing price.
Stock Fundamentals for PK
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.35 for the gross margin
The net margin for Park Hotels & Resorts Inc stands at 0.03. The total capital return value is set at 0.03. Equity return is now at value 2.29, with 0.99 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 0.11. The debt to equity ratio resting at 1.18. The interest coverage ratio of the stock is 1.84.
Currently, EBITDA for the company is 598.0 million with net debt to EBITDA at 6.28. 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 21.51for trailing twelve months and the total asset turnover is 0.3.
Conclusion
To put it simply, Park Hotels & Resorts Inc (PK) has had a mixed 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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
