Hilton Worldwide Holdings Coverage Initiated by Analysts at Credit Suisse (HLT)
Investment analysts at Credit Suisse started coverage on shares of Hilton Worldwide Holdings (NYSE:HLT) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $25.00 price target on the stock. Credit Suisse’s price objective would indicate a potential upside of 14.05% from the company’s current price.
The analysts wrote, “Investors are familiar with HLT, given its scale within lodging and tenure in the public markets prior to its acquisition by private equity in 2007,” the report noted. “Much about the company has changed during this period, as HLT is led by well respected lodging veteran Chris Nassetta (former CEO of HST). HLT is increasingly transitioning toward an asset-light business model, and by year-end 2015, we estimate that asset-light management and franchising EBITDA will account for 60% of profitability, versus 58% in 2013.”
Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of Hilton Worldwide Holdings in a research note to investors on Tuesday. They set a “market perform” rating on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Hilton Worldwide Holdings in a research note to investors on Tuesday. They set a “buy” rating and a $25.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Hilton Worldwide Holdings in a research note to investors on Tuesday. They set a “buy” rating and a $27.00 price target on the stock. Ten investment 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 a consensus price target of $24.46.
Shares of Hilton Worldwide Holdings (NYSE:HLT) traded down 1.48% on Tuesday, hitting $21.92. 2,626,958 shares of the company’s stock traded hands. Hilton Worldwide Holdings has a one year low of $21.15 and a one year high of $25.75. The stock’s 50-day moving average is $21.87 and its 200-day moving average is $21.87. The company has a market cap of $21.583 billion and a P/E ratio of 45.50.
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