Park Hotels & Resorts (NYSE:PK) Downgraded by Zacks Investment Research to Hold

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Park Hotels & Resorts stock has undergone multiple analysts rating changes in the recent past.  Park Hotels & Resorts Downgraded by Zacks Investment Research on 10/20/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Park Hotels & Resorts traded down -$0.06 on Tuesday, reaching $18.93. 1056439 shares of the stock traded hands, compared to its average volume of 2723014. Shares of Park Hotels & Resorts were trading at $18.93 on Tuesday. The firm’s 50 day moving average is $19.00 and its 200 day moving average is $20.02.Park Hotels & Resorts has a 12 month low of $18.76 and a 12 month high of $24.67. While on yearly highs and lows, Park Hotels & Resorts’s today has traded high as $19.17 and has touched $18.76 on the downward trend. See More Analyst Rating at: RATING

Park Hotels & Resorts Earnings and What to expect: 

Park Hotels & Resorts last announced its earnings results 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 analyst estimates 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 -5.60, 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 -5.60, 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 $19.01 And 5 day price change is -$0.23 (-1.20%)  with average volume for 5 day average is 3,274,660. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $19.47 and 20 day price change is -$0.29 (-1.50%) and average 20 day moving volume is 2,720,845. 50 day moving average is $19.00  and 50 day price change is $0.81 ( 4.46%)  and with average volume for 50 days is : 2,618,458. 200 day moving average is $20.02  and 200 day price change is $2.46 (14.88%)  and with average volume for 200 days is : 3,005,187.

Other owners latest trading in Park Hotels & Resorts :

  • On 10/19/2021 shares held by Oregon Public Employees Retirement Fund were 79,143 which equates to market value of $1.52M and appx 0.00% owners of Park Hotels & Resorts
  • On 10/18/2021 shares held by Eii Capital Management Inc. were 28,353 which equates to market value of $0.54M and appx 0.30% owners of Park Hotels & Resorts
  • On 10/18/2021 shares held by Nisa Investment Advisors LLC were 277,278 which equates to market value of $5.31M 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