Hilton Worldwide Holdings Inc. (NYSE:HLT) has received a consensus recommendation of “Hold” from twelve ratings firms currently covering the company, according to a report by MarketBeat Ratings. Of these, seven research analysts have rated the stock as hold, while five have assigned a buy rating. The average twelve-month price target among analysts who updated their coverage on the stock in the past year is $156.29.
Analyst reports on Hilton Worldwide have been positive overall. Barclays increased their target price on the stock from $166.00 to $169.00 and gave it an “overweight” rating. Sanford C. Bernstein increased the target price from $152.00 to $161.00 and rated it as “market perform.” Similarly, Robert W. Baird raised the target price to $164.00, while TD Cowen raised it to $164.00 and labeled the stock as “outperform.” Wells Fargo & Company increased the target price from $151.00 to $161.00 and gave the stock an “equal weight” rating.
Shares of HLT stock opened at $154.41 on Monday, with a 52-week low of $116.39 and a 52-week high of $157.14. The stock has a market cap of $40.38 billion, a price-to-earnings ratio of 32.24, a price/earnings-to-growth ratio of 1.48, and a beta of 1.25. The firm’s 50-day moving average price is $151.61 and its 200-day moving average price is $145.27.
Hilton Worldwide reported earnings per share of $1.63 for the last quarter, beating analysts’ consensus estimate of $1.58 by $0.05. The firm had revenue of $2.66 billion for the quarter, up 18.8% from the previous year. Analysts predict that Hilton Worldwide will post earnings per share of $6.05 for the current fiscal year.
In addition, Hilton Worldwide recently announced a quarterly dividend, with a payment date set for September 29th. The company will pay shareholders of record on August 25th a dividend of $0.15 per share. This represents an annualized dividend of $0.60 and a yield of 0.39%.
Insider Kristin Ann Campbell sold 8,286 shares of Hilton Worldwide stock at an average price of $154.03, bringing in a total of $1,276,292.58. Now, Campbell owns 230,097 shares of the company, valued at $35,441,840.91.
Institutional investors have also shown interest in the company, with hedge funds and other institutional investors modifying their holdings of Hilton Worldwide in recent times.
Hilton Worldwide Holdings Inc. is a hospitality company that manages, franchises, owns, and leases hotels and resorts. It operates through two segments: Management and Franchise, and Ownership. The company operates luxury, lifestyle, full service, service, all-suite, and premium economy hotels under various brand names.
Sources:
– MarketBeat Ratings
– SEC filings