Deutsche Bank Initiates Coverage on Hilton Worldwide Holdings (HLT)
Deutsche Bank started coverage on shares of Hilton Worldwide Holdings (NYSE:HLT) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $27.00 price target on the stock. Deutsche Bank’s price objective indicates a potential upside of 23.18% from the company’s current price.
The analysts wrote, “While we anticipate many will clamor that the bull case for meaningful upside in HLT from current levels is the optionality from asset monetization, something we detail later in this report, we find: 1) the industry bull case, especially given HLT’s domestic owned exposure and leverage to accelerating ADR’s at current chain scale occupancy levels, also something we detail later, 2) its international unit pipeline growth, and 3) the de-leveraging and therefore differentiated aspect of the story, to be most appealing,”
HLT has been the subject of a number of other recent research reports. Analysts at Evercore Partners initiated coverage on shares of Hilton Worldwide Holdings in a research note to investors on Monday, January 13th. They set an “equal weight” rating and a $23.00 price target on the stock. Separately, analysts at MKM Partners initiated coverage on shares of Hilton Worldwide Holdings in a research note to investors on Friday, December 13th. They set a “neutral” rating and a $24.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at SunTrust initiated coverage on shares of Hilton Worldwide Holdings in a research note to investors on Thursday, December 12th. They set a “neutral” rating on the stock. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $24.46.
Hilton Worldwide Holdings (NYSE:HLT) traded down 1.48% during mid-day trading on Tuesday, hitting $21.92. The stock had a trading volume of 2,626,958 shares. Hilton Worldwide Holdings has a 1-year low of $21.15 and a 1-year high of $25.75. The stock has a 50-day moving average of $21.87 and a 200-day moving average of $21.87. The company has a market cap of $21.583 billion and a P/E ratio of 45.50.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.