The stock of Park Hotels & Resorts Inc (NYSE: PK) has increased by 0.14 when compared to last closing price of 14.28. Despite this, the company has experienced a -5.24% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-17 that U.S. equity markets posted their worst week in two months as benchmark interest rates jumped to four-month highs after a critical slate of inflation data showed modestly firming price pressures. Fueling bets that the Federal Reserve may have to slow the pace of policy easing, the Consumer Price Index and Producer Price Index each posted fractional upside surprises in October. After surging nearly 5% last week en route to fresh record highs, the S&P 500 dipped 2.1% on the week, with healthcare and technology stocks under particularly sharp pressure.
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 9.07x compared to its average ratio, The 36-month beta value for PK is at 2.04. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for PK is 201.16M, and currently, shorts hold a 10.46% of that float. The average trading volume for PK on November 20, 2024 was 2.89M shares.
PK’s Market Performance
PK’s stock has seen a -5.24% decrease for the week, with a 2.44% rise in the past month and a -3.51% fall in the past quarter. The volatility ratio for the week is 2.87%, and the volatility levels for the past 30 days are at 2.99% for Park Hotels & Resorts Inc The simple moving average for the last 20 days is -0.34% for PK stock, with a simple moving average of -6.70% for the last 200 days.
Analysts’ Opinion of PK
Evercore ISI, on the other hand, stated in their research note that they expect to see PK reach a price target of $20. The rating they have provided for PK stocks is “Outperform” according to the report published on May 15th, 2024.
Citigroup gave a rating of “Buy” to PK, setting the target price at $20 in the report published on March 22nd of the current year.
PK Trading at -0.52% 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 -20.78% of loss for the given period.
Volatility was left at 2.99%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares surge +2.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.77% upper at present.
During the last 5 trading sessions, PK fell by -5.24%, which changed the moving average for the period of 200-days by -4.92% in comparison to the 20-day moving average, which settled at $14.35. In addition, Park Hotels & Resorts Inc saw -6.54% 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
- 0.31 for the gross margin
The net margin for Park Hotels & Resorts Inc stands at 0.13. The total capital return value is set at 0.05. Equity return is now at value 8.61, with 3.60 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 0.11. The debt to equity ratio resting at 1.22. The interest coverage ratio of the stock is 1.77.
Currently, EBITDA for the company is 609.0 million with net debt to EBITDA at 6.94. When we switch over and look at the enterprise to sales, we see a ratio of 2.76. The receivables turnover for the company is 21.22for trailing twelve months and the total asset turnover is 0.29.
Conclusion
In conclusion, Park Hotels & Resorts Inc (PK) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
