Park Hotels & Resorts Inc. [NYSE: PK] closed the trading session at $17.52 on 01/28/21. The day’s price range saw the stock hit a low of $16.53, while the highest price level was $17.83. The company report on January 16, 2021 that Park Hotels & Resorts Announces Tax Treatment of 2020 Dividends.
Park Hotels & Resorts Inc. (NYSE: PK) announced the tax reporting information for its 2020 cash distributions on its Common Stock.
The distributions, totaling $0.45 per share, were paid on April 15, 2020. Due to the financial impacts from the COVID-19 pandemic, Park suspended distributions on its Common Stock for the remainder of the year.
The stocks have a year to date performance of 2.16 percent and weekly performance of -2.50 percent. The stock has been moved at 100.46 percent over the last six months. The stock has performed 0.06 percent around the most recent 30 days and changed 76.26 percent over the most recent 3-months.
If compared to the average trading volume of 4.66M shares, PK reached to a volume of 5259792 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Park Hotels & Resorts Inc. [PK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PK shares is $17.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PK stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Park Hotels & Resorts Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 15, 2020. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $14 to $20. The new note on the price target was released on December 10, 2020, representing the official price target for Park Hotels & Resorts Inc. stock. Previously, the target price had yet another raise from $11 to $22, while Jefferies kept a Buy rating on PK stock.
The Average True Range (ATR) for Park Hotels & Resorts Inc. is set at 0.80, with the Price to Sales ratio for PK stock in the period of the last 12 months amounting to 2.64. The Price to Book ratio for the last quarter was 0.81, with the Price to Cash per share for the same quarter was set at 4.86.
PK stock trade performance evaluation
Park Hotels & Resorts Inc. [PK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.50. With this latest performance, PK shares gained by 0.06% in over the last four-week period, additionally plugging by 100.46% over the last 6 months – not to mention a drop of -23.06% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PK stock in for the last two-week period is set at 52.96, with the RSI for the last a single of trading hit 52.29, and the three-weeks RSI is set at 54.44 for Park Hotels & Resorts Inc. [PK]. The present Moving Average for the last 50 days of trading for this stock 17.04, while it was recorded at 17.27 for the last single week of trading, and 11.64 for the last 200 days.
Park Hotels & Resorts Inc. [PK]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Park Hotels & Resorts Inc. [PK] shares currently have an operating margin of +10.33 and a Gross Margin at +17.51. Park Hotels & Resorts Inc.’s Net Margin is presently recorded at +10.87.
Return on Total Capital for PK is now 3.04, given the latest momentum, and Return on Invested Capital for the company is 3.19. Return on Equity for this stock inclined to 5.05, with Return on Assets sitting at 2.96. When it comes to the capital structure of this company, Park Hotels & Resorts Inc. [PK] has a Total Debt to Total Equity ratio set at 63.59. Additionally, PK Total Debt to Total Capital is recorded at 38.87, with Total Debt to Total Assets ending up at 36.59. Long-Term Debt to Equity for the company is recorded at 63.27, with the Long-Term Debt to Total Capital now at 38.68.
Reflecting on the efficiency of the workforce at the company, Park Hotels & Resorts Inc. [PK] managed to generate an average of $627,049 per employee. Receivables Turnover for the company is 16.91 with a Total Asset Turnover recorded at a value of 0.27.
Earnings per share (EPS) analysis for Park Hotels & Resorts Inc. [PK] stock
With the latest financial reports released by the company, Park Hotels & Resorts Inc. posted 0.51/share EPS, while the average EPS was predicted by analysts to be reported at 0.33/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 54.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PK.
Park Hotels & Resorts Inc. [PK]: Insider Ownership positions
There are presently around $3,332 million, or 85.60% of PK stock, in the hands of institutional investors. The top three institutional holders of PK stocks are: VANGUARD GROUP INC with ownership of 32,697,976, which is approximately -4.281% of the company’s market cap and around 0.80% of the total institutional ownership; BLACKROCK INC., holding 25,562,457 shares of the stock with an approximate value of $447.85 million in PK stocks shares; and STATE STREET CORP, currently with $179.17 million in PK stock with ownership of nearly -3.192% of the company’s market capitalization.
Positions in Park Hotels & Resorts Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 113 institutional holders increased their position in Park Hotels & Resorts Inc. [NYSE:PK] by around 30,555,613 shares. Additionally, 160 investors decreased positions by around 32,471,553 shares, while 55 investors held positions by with 127,154,497 shares. The mentioned changes placed institutional holdings at 190,181,663 shares, according to the latest SEC report filing. PK stock had 43 new institutional investments in for a total of 8,145,827 shares, while 47 institutional investors sold positions of 5,994,461 shares during the same period.