Hilton Worldwide (NYSE:HLT) had its target price hoisted by research analysts at Deutsche Bank from $92.00 to $94.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm presently has a “buy” rating on the stock. Deutsche Bank’s price target points to a potential upside of 14.66% from the company’s previous close.
A number of other analysts have also recently commented on HLT. ValuEngine upgraded shares of Hilton Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Robert W. Baird set a $90.00 price target on shares of Hilton Worldwide and gave the company a “buy” rating in a research note on Friday, April 13th. Zacks Investment Research cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. JPMorgan Chase upped their price target on shares of Hilton Worldwide from $90.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada restated a “buy” rating and set a $93.00 price target on shares of Hilton Worldwide in a research note on Tuesday, February 27th. Eleven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $83.00.
Hilton Worldwide stock opened at $81.98 on Friday. Hilton Worldwide has a twelve month low of $56.28 and a twelve month high of $88.11. The company has a market cap of $25,978.59, a PE ratio of 40.99, a P/E/G ratio of 6.25 and a beta of 1.33. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.16.
Hilton Worldwide (NYSE:HLT) last released its earnings results on Wednesday, February 14th. The company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.10. Hilton Worldwide had a net margin of 13.77% and a return on equity of 39.37%. The firm had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm earned $0.70 EPS. The company’s revenue was up 23.9% compared to the same quarter last year. equities analysts expect that Hilton Worldwide will post 2.63 EPS for the current fiscal year.
In other news, major shareholder Tourism Group Co. Ltd. Hna sold 66,000,000 shares of the stock in a transaction on Friday, April 13th. The shares were sold at an average price of $73.00, for a total value of $4,818,000,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of HLT. Lombard Odier Asset Management Europe Ltd bought a new position in shares of Hilton Worldwide in the 4th quarter worth $208,000. Jump Trading LLC bought a new position in shares of Hilton Worldwide in the 4th quarter worth $286,000. Atria Investments LLC bought a new position in shares of Hilton Worldwide during the 4th quarter valued at $292,000. Conning Inc. bought a new position in shares of Hilton Worldwide during the 4th quarter valued at $312,000. Finally, Delpha Capital Management LLC bought a new position in shares of Hilton Worldwide during the 4th quarter valued at $312,000. 98.70% of the stock is currently owned by hedge funds and other institutional investors.
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About Hilton Worldwide
Hilton Worldwide Holdings Inc, a hospitality company, owns, leases, manages, develops, and franchises hotels and resorts. It operates through two segments, Management and Franchise; and Ownership. The company engages in the hotel management and licensing of its brands to franchisees. It operates hotels under the Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio – A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Tapestry Collection by Hilton, and Hilton Grand Vacations brands.
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