Park Hotels & Resorts Inc (NYSE: PK)’s stock price has decreased by -0.87 compared to its previous closing price of 14.99. However, the company has seen a 3.70% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-26 that TYSONS, Va., Aug. 26, 2024 (GLOBE NEWSWIRE) — Park Hotels & Resorts Inc. (NYSE) (“Park”) announced today that its two Hawaii hotels—the 2,860-room Hilton Hawaiian Village in Honolulu and the 647-room Hilton Waikoloa Village on the Big Island—sustained no material damage from Hurricane Hone, a Category 1 hurricane that impacted the Hawaiian Islands on Sunday. Both hotels maintained power and uninterrupted services, and continue to welcome guests with all customary services and amenities available.
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 10.29x. 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 203.75M, and at present, short sellers hold a 9.55% of that float. On August 28, 2024, the average trading volume of PK was 2.65M shares.
PK’s Market Performance
The stock of Park Hotels & Resorts Inc (PK) has seen a 3.70% increase in the past week, with a -2.04% drop in the past month, and a -6.66% fall in the past quarter. The volatility ratio for the week is 2.70%, and the volatility levels for the past 30 days are at 2.93% for PK. The simple moving average for the past 20 days is 3.44% for PK’s stock, with a -3.37% simple moving average for the past 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 1.78% 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 -17.67% of loss for the given period.
Volatility was left at 2.93%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares sank -1.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.23% upper at present.
During the last 5 trading sessions, PK rose by +3.70%, which changed the moving average for the period of 200-days by +13.87% in comparison to the 20-day moving average, which settled at $14.35. In addition, Park Hotels & Resorts Inc saw -2.88% 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:
- 0.18 for the present operating margin
- 0.33 for the gross margin
The net margin for Park Hotels & Resorts Inc stands at 0.11. The total capital return value is set at 0.06. Equity return is now at value 7.81, with 3.31 for asset returns.
Based on Park Hotels & Resorts Inc (PK), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.21. The interest coverage ratio of the stock is 18.12.
Currently, EBITDA for the company is 598.0 million with net debt to EBITDA at 6.38. When we switch over and look at the enterprise to sales, we see a ratio of 2.79. The receivables turnover for the company is 20.01for trailing twelve months and the total asset turnover is 0.29.
Conclusion
To sum up, Park Hotels & Resorts Inc (PK) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
