Hilton Hotels (HLT) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Hilton Hotels (NYSE:HLT) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

HLT has been the subject of a number of other reports. Sanford C. Bernstein downgraded Hilton Hotels from an outperform rating to a market perform rating in a research note on Thursday, August 16th. Zacks Investment Research downgraded Hilton Hotels from a buy rating to a hold rating in a research note on Monday, July 30th. Jefferies Financial Group started coverage on Hilton Hotels in a research note on Thursday, May 31st. They issued a hold rating and a $91.00 target price for the company. Deutsche Bank reaffirmed a buy rating and issued a $95.00 target price on shares of Hilton Hotels in a research note on Tuesday, May 22nd. Finally, Goldman Sachs Group downgraded Hilton Hotels to a buy rating in a research note on Sunday, June 10th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $86.88.

Shares of HLT opened at $80.06 on Friday. Hilton Hotels has a 52-week low of $66.07 and a 52-week high of $88.11. The firm has a market capitalization of $23.25 billion, a price-to-earnings ratio of 40.03, a P/E/G ratio of 2.89 and a beta of 1.26. The company has a debt-to-equity ratio of 13.51, a current ratio of 0.78 and a quick ratio of 0.78.

Hilton Hotels (NYSE:HLT) last issued its earnings results on Wednesday, July 25th. The company reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.70. Hilton Hotels had a return on equity of 50.91% and a net margin of 15.53%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same period last year, the company earned $0.51 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. sell-side analysts forecast that Hilton Hotels will post 2.7 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, August 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, August 9th. Hilton Hotels’s payout ratio is 30.00%.

Several large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC purchased a new position in Hilton Hotels during the 2nd quarter valued at about $142,000. Dupont Capital Management Corp purchased a new position in Hilton Hotels during the 2nd quarter valued at about $217,000. Shepherd Kaplan Krochuk LLC purchased a new position in Hilton Hotels during the 2nd quarter valued at about $225,000. TLP Group LLC boosted its holdings in Hilton Hotels by 1,118.4% during the 1st quarter. TLP Group LLC now owns 2,851 shares of the company’s stock valued at $225,000 after acquiring an additional 2,617 shares during the period. Finally, Gilbert & Cook Inc. purchased a new position in Hilton Hotels during the 2nd quarter valued at about $229,000. 97.78% of the stock is owned by hedge funds and other institutional investors.

Hilton Hotels Company Profile

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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Analyst Recommendations for Hilton Hotels (NYSE:HLT)

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