Hilton Hotels (NYSE:HLT) had its price objective lifted by Morgan Stanley from $64.00 to $75.00 in a report published on Wednesday morning, BenzingaRatingsTable reports. Morgan Stanley currently has an equal weight rating on the stock.
Several other brokerages have also commented on HLT. Raymond James raised their price target on shares of Hilton Hotels from $82.00 to $85.00 and gave the company an outperform rating in a research note on Tuesday, July 14th. Wolfe Research lowered shares of Hilton Hotels from an outperform rating to a market perform rating in a research note on Thursday, April 9th. Wells Fargo & Co dropped their price target on shares of Hilton Hotels from $94.00 to $82.00 and set an equal weight rating on the stock in a research note on Wednesday, July 22nd. UBS Group lowered their price objective on shares of Hilton Hotels from $123.00 to $83.00 and set a buy rating on the stock in a research note on Monday, May 4th. Finally, Gordon Haskett initiated coverage on shares of Hilton Hotels in a research note on Thursday, June 25th. They set a hold rating and a $77.00 price objective on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $88.67.
Shares of NYSE HLT opened at $75.05 on Wednesday. The firm’s 50-day moving average price is $76.32 and its two-hundred day moving average price is $83.79. Hilton Hotels has a 52-week low of $44.30 and a 52-week high of $115.48. The stock has a market capitalization of $20.81 billion, a P/E ratio of 19.49, a P/E/G ratio of 11.10 and a beta of 1.28.
Hilton Hotels (NYSE:HLT) last issued its earnings results on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.23. Hilton Hotels had a net margin of 8.08% and a negative return on equity of 276.10%. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the company posted $0.80 earnings per share. Hilton Hotels’s revenue was down 12.9% on a year-over-year basis. On average, research analysts anticipate that Hilton Hotels will post 0.71 earnings per share for the current year.
A number of large investors have recently modified their holdings of HLT. Modus Advisors LLC bought a new position in shares of Hilton Hotels during the 2nd quarter valued at $30,000. WASHINGTON TRUST Co bought a new position in Hilton Hotels in the 1st quarter worth $33,000. Flagship Harbor Advisors LLC raised its holdings in Hilton Hotels by 69.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 534 shares of the company’s stock worth $36,000 after acquiring an additional 219 shares during the period. Patriot Financial Group Insurance Agency LLC raised its holdings in Hilton Hotels by 178.3% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 512 shares of the company’s stock worth $38,000 after acquiring an additional 328 shares during the period. Finally, Ellevest Inc. raised its holdings in Hilton Hotels by 36.4% in the 1st quarter. Ellevest Inc. now owns 596 shares of the company’s stock worth $41,000 after acquiring an additional 159 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.
About Hilton Hotels
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, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and Signia Hilton brands.
See Also: What is the Dow Jones Industrial Average (DJIA)?
Receive News & Ratings for Hilton Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Hotels and related companies with MarketBeat.com's FREE daily email newsletter.