Park Hotels & Resorts Inc [NYSE: PK] stock went on a downward path that fall over -0.07% on Wednesday, amounting to a one-week price decrease of less than -3.42%.
Over the last 12 months, PK stock rose by 27.28%. The one-year Park Hotels & Resorts Inc stock forecast points to a potential upside of 20.88. The average equity rating for PK stock is currently 2.24, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $2.95 billion, with 209.99 million shares outstanding and 203.71 million shares in the current float. Compared to the average trading volume of 2.68M shares, PK stock reached a trading volume of 4980368 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $17.82 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 2.24. 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.
Wolfe Research have made an estimate for Park Hotels & Resorts Inc shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on September 26, 2024. The new note on the price target was released on May 15, 2024, representing the official price target for Park Hotels & Resorts Inc stock. Previously, the target price had yet another raise from $14 to $20, while Citigroup kept a Buy rating on PK stock. On January 02, 2024, analysts increased their price target for PK shares from 14 to 21.
The Average True Range (ATR) for Park Hotels & Resorts Inc is set at 0.46, with the Price to Sales ratio for PK stock in the period of the last 12 months amounting to 1.11. The Price to Book ratio for the last quarter was 0.78, with the Price to Cash per share for the same quarter was set at 2.32. Price to Free Cash Flow for PK in the course of the last twelve months was 15.34.
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 -3.42. With this latest performance, PK shares dropped by -4.15% in over the last four-week period, additionally sinking by -17.88% over the last 6 months – not to mention a rise of 27.28% 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 42.92, with the RSI for the last a single of trading hit 38.71, and the three-weeks RSI is set at 44.82 for Park Hotels & Resorts Inc [PK]. The present Moving Average for the last 50 days of trading for this stock 14.50, while it was recorded at 14.38 for the last single week of trading, and 15.61 for the last 200 days.
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 8.00%.
Park Hotels & Resorts Inc [PK] Institutonal Ownership Details
There are presently around $102.01%, or 103.64%% of PK stock, in the hands of institutional investors. The top three institutional holders of PK stocks are: VANGUARD GROUP INC with ownership of 32.67 million shares, which is approximately 15.6314%. BLACKROCK INC., holding 27.44 million shares of the stock with an approximate value of $$411.12 million in PK stocks shares; and BLACKROCK INC., currently with $$173.19 million in PK stock with ownership which is approximately 5.4425%.
