Park Hotels & Resorts Inc [NYSE: PK] price surged by 0.26 percent to reach at $0.03. The company report on October 26, 2023 at 6:30 AM that Park Hotels & Resorts Inc. Announces Lawsuit Related to $725 Million Non-Recourse CMBS Loan Secured By Two of its San Francisco Hotels.
Thomas J. Baltimore, Jr., Chairman and Chief Executive Officer, stated, “Today’s filing and anticipated appointment of a receiver is a positive step forward. The receivership will place control of the hotels as well as the benefits and burdens of their operations with the trustee and the court-appointed receiver. As the San Francisco market continues to face an elongated recovery, we believe the transfer of control and ultimate transfer of title to the hotels is in the best interest of our shareholders. While final resolution of the Loan may not occur until sometime next year, be it through sale or foreclosure, today’s filing will allow Park to move forward without enduring the economic impact of these assets and the Loan. We have been working with the servicer in good faith since June and will continue to cooperate and assist as the receiver requests to effectuate an acceptable outcome for all stakeholders in this difficult but necessary process.”.
A sum of 4182389 shares traded at recent session while its average daily volume was at 2.93M shares. Park Hotels & Resorts Inc shares reached a high of $11.63 and dropped to a low of $11.30 until finishing in the latest session at $11.53.
The one-year PK stock forecast points to a potential upside of 23.74. The average equity rating for PK stock is currently 2.58, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $15.12 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 2.58. 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.
HSBC Securities have made an estimate for Park Hotels & Resorts Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 23, 2023.
The Average True Range (ATR) for Park Hotels & Resorts Inc is set at 0.38, with the Price to Sales ratio for PK stock in the period of the last 12 months amounting to 0.93. The Price to Book ratio for the last quarter was 0.61, with the Price to Cash per share for the same quarter was set at 3.90. Price to Free Cash Flow for PK in the course of the last twelve months was 10.41.
PK Stock Performance Analysis:
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 -3.84. With this latest performance, PK shares dropped by -5.26% in over the last four-week period, additionally sinking by -6.11% over the last 6 months – not to mention a drop of -10.50% 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 42.78, with the RSI for the last a single of trading hit 42.81, and the three-weeks RSI is set at 43.14 for Park Hotels & Resorts Inc [PK]. The present Moving Average for the last 50 days of trading for this stock 12.28, while it was recorded at 11.53 for the last single week of trading, and 12.86 for the last 200 days.
Insight into Park Hotels & Resorts Inc 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 +11.32 and a Gross Margin at +16.95. Park Hotels & Resorts Inc’s Net Margin is presently recorded at +6.48.
Return on Total Capital for PK is now 3.07, given the latest momentum, and Return on Invested Capital for the company is 1.84. Return on Equity for this stock inclined to 3.69, with Return on Assets sitting at 1.66. 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 111.80. Additionally, PK Total Debt to Total Capital is recorded at 52.79, with Total Debt to Total Assets ending up at 49.85. Long-Term Debt to Equity for the company is recorded at 91.91, with the Long-Term Debt to Total Capital now at 43.39.
Reflecting on the efficiency of the workforce at the company, Park Hotels & Resorts Inc [PK] managed to generate an average of $1,780,220 per employee. Receivables Turnover for the company is 22.23 with a Total Asset Turnover recorded at a value of 0.26.
PK Stock EPS
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Park Hotels & Resorts Inc go to 8.10%.
Park Hotels & Resorts Inc [PK] Institutonal Ownership Details
The top three institutional holders of PK stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in PK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in PK stock with ownership which is approximately 5.7994%.