Jefferies analyst David Katz reiterated a Buy rating on Park Hotels & Resorts Inc (NYSE: PK) today and set a price target of $38. The company’s shares closed yesterday at $32.58, close to its 52-week high of $33.14.
According to TipRanks.com, Katz is a 2-star analyst with an average return of 2.4% and a 42.4% success rate. Katz covers the Services sector, focusing on stocks such as International Game Technology, Monarch Casino & Resort Inc, and Wyndham Destinations Inc.
Park Hotels & Resorts Inc has an analyst consensus of Moderate Buy, with a price target consensus of $32.71.
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Based on Park Hotels & Resorts Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $731 million and net profit of $215 million. In comparison, last year the company earned revenue of $733 million and had a net profit of $111 million.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock.
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Park Hotels & Resorts, Inc. owns and operates hotels and resorts. It offers accommodation, lodging, and different amenities to business and leisure travelers.
