Barclays Believes Park Hotels & Resorts Inc (PK) Won’t Stop Here


Barclays analyst Felicia Hendrix maintained a Buy rating on Park Hotels & Resorts Inc (NYSE: PK) today and set a price target of $34. The company’s shares closed yesterday at $32.22, close to its 52-week high of $32.51.

According to TipRanks.com, Hendrix is a 4-star analyst with an average return of 7.7% and a 61.3% success rate. Hendrix covers the Services sector, focusing on stocks such as Marriott International, Hilton Holdings, and Carnival Corp.

Currently, the analyst consensus on Park Hotels & Resorts Inc is Moderate Buy and the average price target is $30.17, representing a -6.4% downside.

In a report released yesterday, Jefferies also initiated coverage with a Buy rating on the stock with a $37 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $32.51 and a one-year low of $23.91. Currently, Park Hotels & Resorts Inc has an average volume of 2.64M.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Park Hotels & Resorts, Inc. owns and operates hotels and resorts. It offers accommodation, lodging, and different amenities to business and leisure travelers.

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