In a report released today, Ari Klein from BMO Capital initiated coverage with a Buy rating on Hilton Worldwide Holdings Inc (HLT) and a price target of $104.00. The company’s shares closed last Monday at $92.20.
According to TipRanks.com, Klein is a 4-star analyst with an average return of 17.3% and a 78.6% success rate. Klein covers the Financial sector, focusing on stocks such as Hersha Hospitality Trust, Host Hotels & Resorts, and QTS Realty Trust.
Hilton Worldwide Holdings Inc has an analyst consensus of Hold, with a price target consensus of $99.60.
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Based on Hilton Worldwide Holdings Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.48 billion and net profit of $260 million. In comparison, last year the company earned revenue of $2.25 billion and had a net profit of $162 million.
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Hilton Worldwide Holdings, Inc. engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees.
