Credit Suisse Increases Hilton Worldwide Holdings Price Target to $26.00 (HLT)
Credit Suisse hoisted their price objective on shares of Hilton Worldwide Holdings (NYSE:HLT) from $25.00 to $26.00 in a research note issued on Monday, Analyst Ratings.Net reports. Credit Suisse’s target price would indicate a potential upside of 13.14% from the stock’s previous close.
Shares of Hilton Worldwide Holdings (NYSE:HLT) traded down 0.39% on Monday, hitting $22.98. The stock had a trading volume of 3,256,007 shares. Hilton Worldwide Holdings has a one year low of $20.55 and a one year high of $25.75. The stock’s 50-day moving average is $21.91 and its 200-day moving average is $21.94. The company has a market cap of $22.626 billion and a price-to-earnings ratio of 144.19.
Hilton Worldwide Holdings (NYSE:HLT) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Hilton Worldwide Holdings will post $0.63 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on HLT. Analysts at SunTrust raised their price target on shares of Hilton Worldwide Holdings from $23.00 to $24.00 in a research note on Monday. Separately, analysts at Goldman Sachs raised their price target on shares of Hilton Worldwide Holdings from $26.00 to $27.00 in a research note on Monday. Finally, analysts at Barclays raised their price target on shares of Hilton Worldwide Holdings from $25.00 to $26.00 in a research note on Monday. They now have an “overweight” rating on the stock. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Hilton Worldwide Holdings currently has an average rating of “Buy” and an average price target of $25.17.
Hilton Worldwide Holdings Inc is a hospitality company. As of December 3, 2013, the Company operated 4,080 hotels, resorts and timeshare properties, which consisted of 671,926 rooms in 90 countries and territories.
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