Hilton Worldwide (NYSE:HLT) was upgraded by equities research analysts at Raymond James Financial from an “outperform” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, January 8th, Marketbeat reports. The brokerage currently has a $69.00 price objective on the stock, down from their prior price objective of $78.00. Raymond James Financial’s price objective suggests a potential downside of 19.18% from the company’s previous close.
HLT has been the topic of several other reports. FBR & Co restated a “neutral” rating and set a $73.00 price objective on shares of Hilton Worldwide in a report on Thursday, October 26th. Argus boosted their price target on Hilton Worldwide from $2.40 to $94.00 and gave the company a “positive” rating in a report on Wednesday, January 3rd. Morgan Stanley reiterated a “buy” rating on shares of Hilton Worldwide in a report on Friday, December 8th. Royal Bank of Canada restated a “buy” rating and set a $70.00 price objective on shares of Hilton Worldwide in a research report on Friday, September 22nd. Finally, Zacks Investment Research upgraded Hilton Worldwide from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $76.18.
Shares of Hilton Worldwide (NYSE HLT) opened at $85.37 on Monday. The company has a market capitalization of $27,647.00, a PE ratio of 778.64, a P/E/G ratio of 6.46 and a beta of 1.33. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 4.53. Hilton Worldwide has a twelve month low of $55.79 and a twelve month high of $88.11.
Hilton Worldwide announced that its Board of Directors has initiated a share repurchase program on Thursday, November 16th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Several institutional investors have recently made changes to their positions in HLT. State Street Corp raised its position in shares of Hilton Worldwide by 141.6% during the second quarter. State Street Corp now owns 7,865,113 shares of the company’s stock worth $486,454,000 after purchasing an additional 4,609,697 shares during the period. Vanguard Group Inc. raised its position in Hilton Worldwide by 46.3% during the second quarter. Vanguard Group Inc. now owns 13,600,970 shares of the company’s stock valued at $841,220,000 after buying an additional 4,302,706 shares during the period. Capital International Investors acquired a new position in Hilton Worldwide during the third quarter valued at $267,430,000. JPMorgan Chase & Co. raised its position in Hilton Worldwide by 19.0% during the third quarter. JPMorgan Chase & Co. now owns 12,725,143 shares of the company’s stock valued at $882,616,000 after buying an additional 2,035,463 shares during the period. Finally, BlackRock Inc. raised its position in Hilton Worldwide by 13.7% during the second quarter. BlackRock Inc. now owns 12,048,689 shares of the company’s stock valued at $745,212,000 after buying an additional 1,448,078 shares during the period. 99.29% of the stock is currently owned by institutional investors.
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Hilton Worldwide Company Profile
Hilton Worldwide Holdings Inc is a hospitality company. The Company is engaged in owning, leasing, managing and franchising hotels and resorts. The Company’s segments include ownership, and management and franchise. Its global portfolio of owned and leased properties includes a range of hotels in gateway cities, such as New York City, London, San Francisco, Chicago, Sao Paolo and Tokyo.
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