Hilton Hotels (NYSE:HLT) had its price objective lifted by equities research analysts at Nomura from $102.00 to $121.00 in a report released on Tuesday, The Fly reports. Nomura’s price objective would indicate a potential upside of 59.88% from the stock’s current price.
Several other brokerages also recently weighed in on HLT. Royal Bank of Canada downgraded Hilton Hotels from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $105.00 to $78.00 in a research note on Monday, March 30th. BMO Capital Markets restated a “sell” rating and set a $63.00 target price on shares of Hilton Hotels in a research note on Thursday, May 7th. Argus downgraded Hilton Hotels from a “buy” rating to a “hold” rating in a research note on Thursday, April 9th. Wolfe Research downgraded Hilton Hotels from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 9th. Finally, Raymond James increased their target price on Hilton Hotels from $77.00 to $82.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $87.12.
HLT opened at $75.68 on Tuesday. The company has a market cap of $21.09 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 8.03 and a beta of 1.30. The stock has a 50-day moving average of $77.18 and a 200-day moving average of $89.77. Hilton Hotels has a 52-week low of $44.30 and a 52-week high of $115.48.
Hilton Hotels (NYSE:HLT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.23. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.88 billion. Hilton Hotels had a negative return on equity of 276.10% and a net margin of 8.08%. The firm’s revenue was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 EPS. On average, research analysts predict that Hilton Hotels will post 0.99 EPS for the current year.
Hilton Hotels declared that its Board of Directors has initiated a share buyback program on Tuesday, March 3rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
Several institutional investors and hedge funds have recently modified their holdings of HLT. Capital Research Global Investors raised its holdings in shares of Hilton Hotels by 195.2% in the 1st quarter. Capital Research Global Investors now owns 21,426,950 shares of the company’s stock worth $1,462,175,000 after buying an additional 14,168,234 shares in the last quarter. Lone Pine Capital LLC acquired a new position in shares of Hilton Hotels in the 1st quarter worth approximately $201,489,000. Norges Bank acquired a new position in shares of Hilton Hotels in the 4th quarter worth approximately $290,742,000. Cohen & Steers Inc. acquired a new position in shares of Hilton Hotels in the 4th quarter worth approximately $272,231,000. Finally, Bessemer Group Inc. raised its holdings in shares of Hilton Hotels by 328,333.8% in the 1st quarter. Bessemer Group Inc. now owns 1,990,309 shares of the company’s stock worth $135,818,000 after buying an additional 1,989,703 shares in the last quarter. 99.36% of the stock is owned by institutional investors and hedge funds.
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.
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