Hilton Worldwide Holdings Given New $24.00 Price Target at SunTrust (HLT)
Equities researchers at SunTrust boosted their price objective on shares of Hilton Worldwide Holdings (NYSE:HLT) from $23.00 to $24.00 in a research report issued on Monday, Analyst Ratings.Net reports. SunTrust’s target price indicates a potential upside of 4.03% from the stock’s previous close.
A number of other analysts have also recently weighed in on HLT. 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. Separately, 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. Finally, analysts at UBS AG upgraded shares of Hilton Worldwide Holdings from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $26.00 price target on the stock, up previously from $23.00. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $25.11.
Shares of Hilton Worldwide Holdings (NYSE:HLT) traded down 0.42% on Monday, hitting $22.9723. The stock had a trading volume of 2,864,522 shares. Hilton Worldwide Holdings has a 52-week low of $20.55 and a 52-week 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 $22.619 billion and a price-to-earnings ratio of 144.19.
Hilton Worldwide Holdings (NYSE:HLT) last announced its 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. Analysts expect that Hilton Worldwide Holdings will post $0.63 EPS for the current fiscal year.
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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