Hilton Worldwide Holdings Given New $27.00 Price Target at Goldman Sachs (HLT)
Analysts at Goldman Sachs increased their target price on shares of Hilton Worldwide Holdings (NYSE:HLT) from $26.00 to $27.00 in a research report issued to clients and investors on Monday, Analyst Ratings Network reports. Goldman Sachs’ price target indicates a potential upside of 17.04% from the company’s current price.
Shares of Hilton Worldwide Holdings (NYSE:HLT) traded down 0.39% on Monday, hitting $22.98. The stock had a trading volume of 2,864,622 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 $22.626 billion and a P/E 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 for the quarter, beating the analysts’ 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. Hilton Worldwide Holdings’s revenue was up 4.4% compared to the same quarter last year. 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 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. Separately, 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. Finally, analysts at Raymond James raised their price target on shares of Hilton Worldwide Holdings from $24.50 to $25.50 in a research note on Friday. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $25.11.
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.
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.