Park Hotels & Resorts (NYSE:PK) Downgraded by Wells Fargo & Company to Equal Weight

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Park Hotels & Resorts stock has undergone multiple analysts rating changes in the recent past.  Park Hotels & Resorts Downgraded by Wells Fargo & Company on 10/18/2021. In a note to investors, the firm issued a new rating of Equal Weight. The analysts previously had rating of Overweight.

Shares of Park Hotels & Resorts traded up $0.10 on Friday, reaching $19.21. 363097 shares of the stock traded hands, compared to its average volume of 2706511. Shares of Park Hotels & Resorts were trading at $19.21 on Friday. The firm’s 50 day moving average is $18.98 and its 200 day moving average is $20.00.Park Hotels & Resorts has a 12 month low of $18.71 and a 12 month high of $24.67. While on yearly highs and lows, Park Hotels & Resorts’s today has traded high as $19.23 and has touched $18.71 on the downward trend. See More Analyst Rating at: RATING

Park Hotels & Resorts Earnings and What to expect: 

Park Hotels & Resorts last released its earnings data on August 5th, 2021. The financial services provider reported ($0.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by $0.20. The business had revenue of $323 million for the quarter, compared to the consensus estimate of $258.94 million. Park Hotels & Resorts has generated ($1.65) earnings per share over the last year (($3.39) diluted earnings per share). Earnings for Park Hotels & Resorts are expected to grow in the coming year, from ($0.90) to $1.18 per share. Park Hotels & Resorts has confirmed that its next quarterly earnings report will be published on Wednesday, November 3rd, 2021. Park Hotels & Resorts will be holding an earnings conference call on Thursday, November 4th at 11:00 AM Eastern. Interested parties can .

Earnings for Park Hotels & Resorts are expected to grow in the coming year, from ($0.90) to $1.18 per share. The P/E ratio of Park Hotels & Resorts is -5.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Park Hotels & Resorts is -5.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Park Hotels & Resorts has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Park Hotels & Resorts (NYSE:PK) Moving Average Technical Analysis

5 day Moving Average is $18.95 And 5 day price change is -$0.39 (-2.03%)  with average volume for 5 day average is 2,782,663. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $19.45 and 20 day price change is -$0.16 (-0.84%) and average 20 day moving volume is 2,576,446. 50 day moving average is $18.98  and 50 day price change is $0.04 ( 0.21%)  and with average volume for 50 days is : 2,582,082. 200 day moving average is $20.00  and 200 day price change is $1.66 (9.68%)  and with average volume for 200 days is : 3,000,250.

Other owners latest trading in Park Hotels & Resorts :

  • On 10/15/2021 shares held by Pacer Advisors Inc. were 36,015 which equates to market value of $0.69M and appx 0.00% owners of Park Hotels & Resorts
  • On 10/15/2021 shares held by Fifth Third Bancorp were 10,127 which equates to market value of $0.19M and appx 0.00% owners of Park Hotels & Resorts
  • On 10/15/2021 shares held by Spirit of America Management Corp NY were 9,250 which equates to market value of $0.18M and appx 0.00% owners of Park Hotels & Resorts
  • In total Institutional ownership equates to Institutional Ownership Percentage: 91.35% for Park Hotels & Resorts

See More Analyst Rating at: RATING